The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-10-20
BIGGEST COPPER
MINE IN THE WORLD
Is Utah, According to Walker;
Extensive improvements
Are Now On.

Work on the Bingham Garfield
railroad is getting along nicely" said
General Manager ID. c. JackIng YES
ierday. This line is being construct
cd from the Utah Copper company
from the mine in Bingham canyon. 10
the concentration at GARFIELD. fifteen
miles 20 the north. All the grading.
excepting the tunnels Viii be finished
next month. Ii viii take until spring
70 complete the tunnels, and il will be
six months before the railroad viii be
in' operation. The fills must have the
winter to thoroughly pack and be-
come comparatively solid for track
laying.
The Utah is running along at nor
o mai capacity. with remOdeiing of Ger
tain features. We are getting we'll
started on the Arthur plant, the new
name for the Boston, the capacity of
which is being increased from 5000
tons daily 10 5000 tons. The building
is almost large enough for the new
machinery. Some more steel is re-
quired. and the building is being
strengthened 10 accommodate the
heavy machinery"
Worlds Biggest Copper Mine.
Relative 10 the Utah Copper COM
if-t-ta ----A+Ns ~ eAAiNN+ = last " NtAA1 ANAANA
says:
Utah Copper produced 7,IOO, 0O0
pounds OF copper in September. a fan
Ing or. due To current curtailment. OF
1,762, 500 pounds from its highest rec
ora monthly output. which was made
III May, 1910. In the first nine
months of this year il produced Co.
956,100 pounds. which is at the rate
OF about 90.000,0OO pounds annually.
This does nOt include its interest in
Nevada C0nsOlidated's output. Utah
Copper now owns over so per cent OF
The capital stock of Nevada COnsoli-
dated, and. therefore. VIII receive half
of the latter cOmpany's profits.
Utah Copper has about 130. O00. 600 |
tons Of proved ore, and engineers who |
know most about the property assert /
that IL contains at least 800, 600 geo I
tons, which eventually viii be mined /
and treated profitably. At $50 share /
Utah COpper's issued capital stock is 4
selling in the market for about SIS /
coo. 600, equivalent 10 about % cents /
a ton for the demonstrated and prob
able ore in its own property and half /
that OF Nevada Consolidated. When
Utah Copper made its largest output
FOR a single month it treated ore aver
aging only Isl per cent. and recovered
about twenty pounds Of copper 10 the
ton. On this ore. which represented
practically its minimum grade. il was
able 10 show a profit of about 4 cents
pound, or so cents ton. which is
more than three times the present 1
market value Of its total ore tonnage.
developed and prospective. as repre-
scented by the price Of the company's
stock
There is now a good prospect that /
Utah Copper viii ultimately come TO
he recognized as the greatest copper
mine in the world. When the contem-
plated consolidation of the worlds
leading copper mines is effected. 7 be
leVe that Utah Copper viii be one of
the mainstays. if not the backbone. OF
the combination. This company will
be able 10 continue its present divi-
Oend rate easily; and eventually with
2 much larger production and higher
metal prices. IL Will considerably in
crease its disbursements. / would buy !
7 -tah Copper stock for investment and
also for speculation"