Show I Most lost Of What What Is Mined ue Goes G yes es To Slag Dump l Yf YM k r Sd r w wc c R Rr I r y d I 1 n 1 Only small amount of metal was extracted from this Smelter batch The current search for ores throughout the nation to meet the demand for metals badly needed to put the sinew in the nations nation's industrial in industrial industrial in- in biceps has given rise to the relative status of Utah In the metal mining states Several years ago L L. L C. C Graton geologist and authority in the field of mining industry economics made the following observation on Utah mining which holds true today to today today to- to day In value of output of the precious precious precious pre pre- cious and semi-precious semi metals Utah has attained the proud rank of second place being exceeded only by Arizona in consequence of the enormous copper production production production tion of that In round all-round leadership in production of the five great metals Utah stands easily at the top there is isan isan isan an element of great security in the fact that Utah holds a high rank in each of these vital metals and is thus better independent of violent fluctuations in the worlds world's supply and price of any anyone one of them But Utah is a state of relatively low-grade low ores Among the principal Western mining states Utah has always alwa's been close I to the bottom in this respect The importance of this is clear it means that the mines of Utah are down to about the economic limit that they are at about the economic economic economic mic equilibrium of grade of ore When this equilibrium condition is reached it means that the profit profit pro pro- fit per ton is down about to the lowest limit for sound economic health of the industry and any serious inroads upon that profit cannot fail to have effects I |