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Show OIL & MINING JOURNAL PAGE 2 SEPTEMBER 28, 1970 New Park Mining reports decline in first quarter 70 earnings New FRANCISCO Park Mining Co. earnings performance during the first half of 1970 was hampered by comparable the firm engages namely, heavy construction and oi1 resulted in a decline in earnings from $583,000, or 17 cents a share in 1969s first half, to $102,000, or three cents a share for the first six months of 1970. Revenues increased, due to the SAN severely recessive factors in twc areas of the economy in which operation produced profits with the same period of 1969. Consolidated operations exploration and development. This fact was pointed out bj R.J. Shopf, president, in a report full six months effect of to shareholders recently. acquisitions made during the Mr. thi second Mining, Shopf said, quarter of 1969, Shopf companys third general field of added. activity, was a healthy industry Shopf said the most the first six months of 2970 encouraging recent development in and New Parks mining for New Park is the finding of some interesting uranium shows in Wyoming on claims held a Wyoming jointly withAdditional work corporation. will have to be done to determine the economic potential of the occurrence, he said. In wester i Montana, the firm is prospecting for copper in joint venture with Buttes Gas & Oil Co. with efforts being directed toward detailed sampling work in areas found to have promise last year as well as in areas not previously investigated, Shopf said. 4 Anaconda property marginal DENVER; JQL ' V y 2 : 'V ' f . X.. yf r . . tons per day, Robischon said. . 4 V V v V i. - & i 'x V .V : 4... 'r4K.t ppv 'v4 vv.l.A,1.: Even the lesser amount, Robischon pointed out in Great Falls, would mean expansion of the companys smelter near . , Vf r per day from an original estimate of 30,000 to 35,000 i'.'x V . -' - ; Continued from Page 1 proposed mine's production has been scaled down to 15,000 tons r - Great Falls. emphasized the company should Robischon said Anaconda is not be judged on its operations interested in developing more over the last 70 years when domestic properties since its concern with environment Chilean interests will ultimately, received little or no attention. Development, he said, would pass from the companys be done with the latest ownership. The attorney said he is technology, following all rules of convinced most Montanas favor state agencies and with the least the development, and possible environmental impact. . r .a i . . ? i. f ;! ' ? " AA ; . . .. . . : v . , 'Vi Ar EMPIRE STATE v ' v ' :.jr GBfgdCigg's, TTcacDstfeE WILDING, NEW VORKCtTY . - ' . . ' 'Wt-- '' . ODradeFraF OQGFS gemitts and others SEA LEVEL y- . :v : fr ; . . : A . . ' '; ' needing rapid data processing - JAV j(M ' v HOW DEEP IS A MINE? These illustrations from the Denver MINING RECORD demonstrate the tremendous depth of AMAX Corporations molybdenum mine near Idaho Springs, Colo., where it was necessary to sink shafts from the valley floor more than half a mile and then tunnel horizontally an even greater distance to reach the ore. The scale drawing shows how the Empire State Building which rises 1,300 feet above sea level lies far below Denver "The Mile High City which in turn is dwarfed by its neighboring Rockies. At 14,000 feet they rise 2.7 miles or more above sea level. Subscriptions $10 Per Year 25 Cents a Copy Published weekly in Salt Lake City, Utah by Charles E. Hayward of 1243 E. 21st South, Salt Lak? City, Utah 84105. Mailing address: P.O. Box 19243, Salt Lake City, Utan 84119. t Serving the mining and oil industries of the Rocky Mountain Region. Articles and information herein are true and factual to the best knowledge of the publisher. Information and opinions published are the sole responsibility of the publisher and do not reflect the attitudes or opinions of the merchants, brokers, corporations and service firms who advertise herein or otherwise sponsor this publication. Second Class Postage Paid at Salt Lake City, Utah Advertising Rates: Display Advertising Classified Advertising Phone: 487-076- 8 or $2 col. inch $2 for 20 words 467-921- 0 Cost is less than you think Datacap Computer Systems of Salt Lake 138 South 2nd Editor & Publisher ii''j Chuck Hayward i xiiirrTTT Ent, Salt Lilia City, Utah FOR INFORMATION 24 HOURS A DAY PHjDNE: 3S3-574- 8 |