Salt Lake Telegram | 1951-03-01 | Page 33 | AEC Price Boosts May Speed Uranium Output

MC Price Boosts May Speed Uranium Opt I IV V WASHINGTON ASHINGTON March 1 Production of uranium ores should be greatly accelerated by higher I prices and bonuses announced by bythe bythe bythe the Atomic Energy Commission SlOn Senator Johnson D. D Colo Cob said Thursday Johnson a member of the thc joint congressional committee on atomic energy told a reporter I I am an gratified that at long last Senator Millikin R. R Colo Cob Rep Aspinall D. D Colo Cob and I have been able to convince the Atomic Energy Commission to take this wise action The increases announced by the theA theA theA A E C cover cr uranium ores found on th Colorado plateau which includes in includes in- in eludes parts of the states of Colorado Colorado Colo Cob rado Utah New Mexico and Ari Ari- zona Effective March 1 the A E C Cill Cwill will ill increase its guaranteed minimum minimum minimum mini mini- mum prices for the uranium oxide content of type ores from the present range of to per pound to to depending upon the grade of ore In addition the A E C CIll will Ill pay paya a new graduated bonus of up to depending upon the quantity quan quasi and grade of the ore on new production up to and including pounds In praising the commissions commission's action action ac ac- ac- ac tion lion Johnson said he hoped it would also work out some sonic of the thc theother theother other stubborn difficulties which have ha faced the thc producer in being paid for his low-grade low ore Aspinall expressed hope that the new graduated bonus plan will provide the necessary incentive for enlarged prospecting operations If the benefits which the order provides for are allowed tr te- tebe be passed on to the small producer who Is the backbone of the industry indus indus- try I think its possibilities for increased in increased in- in creased production are arc great he said