Show uranium Tf miners finers paid over 2 12 million dollars in bonuses announcement was made today by bv sheldon P wimpfen manager grand junction operations erat ions office that as of nov 6 1953 has been paid to uranium miners in the form of bonus for uranium ores produced from eligible properties since the bonus program for initial production was put into effect on mar 1 1951 bonus banua payments are being made at the rate of approximately per month the provisions of the bonus program have recently been extended through feb 28 1957 the bonus program was established to encourage private industry to locate new deposits of uranium ore and to help defray a part of the high initial cost 0 of f putting a mine into production bonus payments double the base price for the first pounds of contained uranium oxide produced and sold from any new property and amount to a bonus of between and depending on grade for first production irom from new properties the initial production bonus has been in effect for a little over two and ane one half years and has contributed greatly to the finding and mining of posits A total of properties has been certified as eligible for botus payments and a total of I 1 individual payments has been made to date 43 new properties have produced more than the initial pounds of uranium and the operators have received the full benefit of the initial production bonus |