Reporter

The American Institute of Mining, Metallurgical, and Petroleum Engineers
Organization:
The American Institute of Mining, Metallurgical, and Petroleum Engineers
Pages:
1
File Size:
71 KB
Publication Date:
Jan 1, 1952

Abstract

Manganese ore from the Black Rock, Kramer, and Black Jack mines in Tooele and Jaub Counties, Utah, are of acceptable grade, the U. S. Bureau of Mines has announced. Payment of a premium price of 252¢ per lb to the Copper Range Co., of Michigan for the output of its White Pine mine, has been agreed to by the DMPA. The contract will be limited to $28.6 million worth of copper. The agreement follows an RFC loan grant of $57 million to bring the White Pine property into production within three years. Increases of 5 to 6 cents over the Lake copper ceilings have been granted to the Calumet & Helca Consolidated Copper Co., for operation of "high cost" deposits, according to Jess Larson, DMPA administrator. Mr. Larson expects the move to add about one million lb of copper per month to the supply. The agreement can be cancelled on 60 days notice and is terminated automatically in the event copper ceilings are removed.
Citation

APA:  (1952)  Reporter

MLA: Reporter. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1952.

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