Show 1 COPPER 1 COSTS Flight From Gold Standard Is Advantage to Roan Antelope In the tile third quarter of 1931 it cost the Roan Antelope new copper producer producer pro pro- pro ducer te of northern Rhodesia Africa 7 78 cents to make n a pound of copper This included losses in i transit transi smelting smelt smelt- I tag ing iC refining reining selling and royalty but not interest or depreciation Shipments of ot copper concentrates ShIpment I during the quarter totaled p short tons averaging per cent copper a copper content of or I pounds In 11 addition the smelter bins p held pounds of copper in p concentrates awaiting treatment For the quarter the recovery of I copper was only 1306 36 per cent of the tile I total otal copper coppel content of per cent copper Recovery of the sulphide copper content was per cent centi Milling costs costs exclusive of drying and sacking were only ony Us ls per ton or about 31 cents cent Mining costs were about per pel ton Roan treated tons of ot ore during November shipped short shor tons ons o of concentrates assaying per percent percent cent ent copper and tons of or bUster blister copper opper The Te content of refined copper cop cop- per would be 1632 tons The Te per cent curtailment cf of- e. e I January 1 applied as a result resul ot of the producers' producers conference and based on the November output would reduce educe the tile refined copper shipments ot of f Roan Antelope by 12 tons per month and leace 1189 tons allowable for lor or sale The Tile sae abandonment of gold parity in n Rhodesia Rhodesa plus the te fact that starting start start- ing ng of the te smelter smeller has greatly greaty reduced re re- transportation cost should bring ring further reduction of Roan costs cost As is Roan pays its labor in i depreciated deprecated pounds but sells sels its is copper on the basis asis of the New York price the te drop in n currency is a decided advantage |