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Show - 00 - MINING NEWS LOWER COSTS COMING FOR UTAH COPPER Utau Copper is again operating to full capacity, about 20,000 tons of ore being treated daily. This means that Its production is again at the rate of 11,000,000 to 12.000.000 pounds of copper cop-per monthly from its Bingham properties prop-erties alone. lis current earnings, therefore, must be at the rate of $9 to $10 a share, of which $1 to $2 are going back into the property to pay for advance stripping and for recon-stiuctlon recon-stiuctlon work at lis concentrators Every year Utah Copper strips the capping from two to five times as much ore a It mines A considerable portion of this stripping account has been written off already against profits prof-its When all of the capping is once remove,) the company should lo able to produce its oopper at a cost lowor b) nt least a cont a pound than it can nt present This saving will come about thro'ich elimination of the interruptions in-terruptions which occur very frequently fre-quently now. as mining operations hue to be stopped for a fetl raln-1 raln-1 utes whenever heavy blasting Is done in the stripping area above thos team shovels whlrh take out the ore. Ultimately T'tah Copper should be able to produce copper from 14 per Cent ore at a oost of 7 1-2 cents n pound So many moved when the stripping operations aro completed ;nnd ore .extraction will have lii-t'ii ho simplified thru a further considerable increase In its concentrating snd productive pro-ductive capacity l then reasonably I to be expected - Walker's Copper I Loiter |