Mining Administration (cec0b01a-c6b9-4601-aa2c-29082a13f9aa)

Where Does the Mine Dollar Go? BY PAUL M TYLER (Min & Met, April, 183 3900 words) Wage earners on the job get nearly 50 per cent of the mine dollar; salaries normally take over 5 per cent (less for large metal mines); and less than 20 per cent is expended for supplies, materials, fuel, and power The total of all such specified expenditures, which may be loosely described as "direct costs," has tended over several decades to decline from over 75 per cent to under 70 per cent of the gross receipts from the sale of products of mines and quarries The item of supplies and material is far less important in the extractive industries (mines, forests, and fisheries) than in manufacturing For manufactured products the average cost of raw materials was 30 4 per cent of gross sales, almost double the proportion for the mineral industries, whereas factory wages and salaries accounted for only 33 2 per cent instead of 51 9 per cent Within reasonable limits, the margin above direct costs as herein calculated affords a measure of capital's share in the total realized from sales A preponderant group of mineral industries operate under conditions that permit or require a margin of 25 to 45 per cent At one end of the scale are highly organized industries such as sulfur, fuller's earth and iron ore mining employing much