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Show . UTAH COPPER. Since the trying days of August and September, Septem-ber, when metallic copper reached the lowest price known for years, the people of Salt Lake City and Bingljam have had a particularly warm place in their hearts for the Utah Copper company. com-pany. The period mentioned was indeed a dark one. A majority of the most reliable copper producers pro-ducers either stopped work entirely or reduced their forces to a minimum. Many that could easily have withstood the bear movement in metals met-als were discouraged by the difficulty of securing transportation for their ore, coal fqr their boilers and smelter accommodations. The. Utah Copper was not immune from these minor nfflictions, but it met the situation with Hitude and resourcefulness resource-fulness that won the admiration of all who understand under-stand the A B C's of mining. There was not an hour's delay In expanding the capacity of the splendid new mill at Garfield, nor in digging the low grade porphyry ore at Bingham with which the bins of the mill are supplied. sup-plied. The direct benefit to the camp and the state from -the maintenance of the large pay roll can be measured in dollars and cents, but there is no way of estimating the greater benefit which accrued from the example of the Utah Copper company! The practical demonstration that Bingham's Bing-ham's low-grade copper ore could be mined, milled and refined so cheaply as to yield a profit with the metal selling at less than 12 cents a pound ;. had a sustaining effect on stocks that no 'amount of more financial support could have given. The career of usefulness for Utah Copper which" was predicted in Goodwin's Weekly In December, De-cember, 1906, is "now well under way. The great reduction plant described at that time has been completed. Seven of its twelve sections are working work-ing and giving complete satisfaction. The recov-. ery is up to the mark set by the management and confirms the estimates based on the experiments made before the plant was started. An idea of the ultimate importance of the mine and mill in the copper world can be gleaned frtfm the October Octo-ber record. In the thirty-one days three million pounds of the red metal were prepared for market. mar-ket. Of this total 2,400,000 pounds came frdm the Garfield reduction plant and the remaining 600,000 pounds from the Bingham mill of the company. When they leave the Garfield works for the smelter the concentrates are 30 per cent, nearly one-third, pure copper. With the October output as a basis estimates show that the company should be able to produce 5,400,000 pounds of copper cop-per a month, or 64,800,000 pounds annually, when all its machinery is in motion. With copper as low as 12 cents that would mean an income of $7,776,000. This, of course, is in addition to the large earnings that will be derived from the sulphide sul-phide ores which go directly from the lower levels lev-els of the mine to the" furnaces of the smelters. |
