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Show IMPORTANCE OF UTAH COPPER TO STATE PROSPERITY SHOWN DY CONDITIONS LAST YEAR First Shutdown in History of Great Bingham Property Results m Changed Situation for Communities; Expect Reopening Within With-in Next Ninety Days With j Beneficial Effect j How important is the Utah Copper I . ompany to the business life of rtah I as forcibly brought home to the I state when depression in the copper market c ompelled the company to J sii-pend operations April 1. 1921. for the first time In IIh history, Population of Bingham, where the ronipsny'3 mine the largest open! copper pit In the world Is located.; was Immediately reduced from 8.0O') I t.. .'.JOtt. Fifty per cent of the hoUSOJ at Magna and O.arfield, where tho Utah Copper ores are smelted. -, i . vacated Salt Lake and other Utah j cities were heavil affected. Carbon county coal mines lost one of their principal customers. Bacchus' poe der mill's principal outlet for its product pro-duct was closed. Toda, however, ladloatlona that the company will resume operations opera-tions In the course of !he next f.O days, and business throughout tho entire state is becoming more optimistic op-timistic because of that prosper, jf 'he hope ol reoponlng Is realised it will mean an immediate quickening of the entire commercial life of tho state. Dxpsndlturea for operating expenses expen-ses during mis, when tho mine was operating at full capacity. totaled $30,717,826 J4. or approximately 85.-000 85.-000 a day. During tHo operating pcnes iv ere M ". 2 r. J7" ; i crallons on a Go per cent basis most of the year and on a 40 per i nt basis during the . losing months. Up to the time of the shutdown the mine has produce. l jn .cm ce;:t of tts known ore. or it l , 6 ? 9 . a 0 o tons. Estimated Es-timated ore reserves as of April I, 1P21, totaled 302.92H.10O ton. ai aKlnx l.tB per cent copper It is In tereeting to note that those "..-miliar "..-miliar with the geology of the mine have predicted that il will prodii. c 000,000,000 tons of ore. The average percentage of copper In the ore mined to date Is 1.81 Pr cent of 27 4 pounds of copper per ton of ore. There is also a email aniouer of silver and gold In the ore, tlm total value ol Which has been about 20 cents a ton. The metal production produc-tion to to date totals 1.361.000,000 pounds of copper and the total value of the copper, gold nnd silver extracted extract-ed to date totals 1309,148, 000. which Is slightly more than 2Ti per cent of the value of the total metal prOduc-tion prOduc-tion Of l'tah from lS4o to the OlAM H of 120. Dividends paid to date b H the company total $114.758. 632.(0. H Tho company was organized I:. ..ml ...nducted underground mlrdng operations entirely until July j 28. 1808. the first ateum H shovel was started to work stripping i the overburden or waste from Mi. surface to uncover the ore so that H open quarrying could be done. Since H then adjoining properties) hae be... H acquired, both for enlarging the are of ore bearing ground .qc to provld? H urtsoe on which to dump ihe wnt.. trom stripping operation. H In 1 1 0 the Huston Consolidate.) H property was acquired, which pur- Chase greatly extended the ore tdr H ! rltory of the company and gave it 1 H own.-r.shlp of the upper mountain so H thnt the levels fot open cut opera- H tlons could be built from the origin n H pit, at the base of the hill, to tii top. j In building its open out mine the H loompany haa removed SS.848,488 cu- blc yards of waste material that hs feeen atrlpp'ed from on top of the ore H de posit. Tne iversgc thickness of th j a ante overburden on the ore has been H 04 feet. To date the company har removed, In or and wasio. a total of H 200.000.000 tons of material. In the digging of tho I'annma canal a total H of 37.r.,OO0.00O tons of material wi: H rlglnal Ooethalg estT mat" Quantltj of material which H w ould have to be removed In the OOO- H ; .sti net l.iii of the canal Was 250.000.-I 250.000.-I 000 tons but slides Increased the ton- H I nnge Construction of the canal It M I removal of so much material U H known ns the bicgest engineering feat ever performed in the history of the world. The Utah Copper com-psny com-psny has already removed 200,000.- 000 tons of material. Only 20 per ;i cent of Its known ore reserves have been mined. The company b engi- neara estimate that 3s.ooo.ooo mor- i! OsHIh tons of waste will be removed and it I 1 nown estimated ore reserves si pees- U enl add 32.92.100 tons more of m i- araasssH terlal whl -h will be handled. It 1" I saf to aay that before tho mlue is- I H worked out the company will have handled more than C00.000.00u ton f B nu greater project than the Panama 1 M It is removing a mountain I from the i iijulri h range. 1 J The company has 20 steam shoscls. ji atoam locomotives and under a . I J working agreement w ith the Dlngham & Garfield I'.allroad company, of ; PH which it is the owner, the company ' PH operates 133 miles of steam rallwa. 1 The company's Magna und Arthur concentrating mills have a capacity of g 36,000 tons a day and a 1. COO ton daU) , capacity sulphuric add leaching plan at Magna gives the company a total ore treatment rapnclty of 4'1 000 a j fH 1 |