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Show fribune Features Wallace )peration Near Moab G-M. Wallace's Big Indian : "anaim Co. operations were J(ured in the Salt Lake Tri-n Tri-n Tuesday by business edi-' edi-' Robert Woody. In his study the mine, Woody traced ownrs and oprating history A to 19C0. B:g Indian Uranium startd t as Big Indian Copper Co. 1930 and operated as a cop- 'r Property through both Wars, said Woody. It 3k its present name in 1951, he advent of the uranium cm. Although it is located ar sevTal past uranium "to. the mine has not hit e valuable ore, continuing "gh its history to produce pper. Current operation is under "alace & Co., Denver, a joint venture with Key one Metal Co., Pittsburgh, The new venture is known J as Keystone Wallace Resources Resourc-es Co., took over from Cliff Ccpper Corp. and Associates, Ltd , which was formerly an affiliate of Cliffs Copper Corp. and G.M. Wallace & Co. Cliffs Copper is a Cleveland Cleve-land Cliff's Iron -Co. subsidiary-Operations at the mine were suspended last July, and resumed re-sumed under the new ownership owner-ship in February. Much cf the mine plant has been rebuilt re-built and is now handling about 2.C00 tons of ore daily 'about 2.CC0 tons of ore daily in a ccppcr-leach precipitate iprocss. The preCpitatte goes to a smelter for refining into ccpper wire bar. The plant is designed to handle 2.400 tons of ore daily, and the firm expects to produce about 500,000 pounds cf ccpper a month from its open pit mine. |
