El Paso herald. (El Paso, Tex.) 1901-1931, 1911-02-25
RICHEST MINI:
Of VAN[)|lJM
IN WORLD
Pittsburg People Are Open
ing It Up at Cutter, N. NJ.
install Machinery.
OFFICERS HERE
FROM PITTsBURG


In less than one month the first ship
ment of vanadium, or what the trade
calls ..ferro vanadium," will be made
from a new plant, operated by new
company and from ore mined from a
newly discovered enormous deposit in
this country, all Of which is due to
Pittsburg enterprise and controlAi oy
Pittsburg capital The Vanadium Mines
company, of Pittsburg, incorporated
with an Indiana charter a year ago
with an initial capital of only $500, 900,
and with its distributing plant in
Pittsburg and mines in New Mexico,
near the Elephant Butte dam. will he
ready for operations on -Eareh Is.
Officers of Company Here.
The Pfttsburg men interested in this
new enterprise are: President, A. B.
Bement: vice president and general
manager, W. A. Bonitz: secretary, T.
II. Bement and treasurer, C. r. Miller.
These officers, with Col. H. P. Bope,
vice president Of the Carnegie Steel
company. compose the board of direct
ors. Some of the most prominent men
in Industrial affairs OF the country are
stockholders of the company. Secre-
tary Bement and general manager Be-
nitz were IN FL Paso at the Sheldon
yesterday, en- route to the mine.
Richest Mines in World.
The new enterprise is developing the
richest vanadium mines in the world.
The property owned by the tantdium
Mines company comprises 400 acres of
n lead vanadate deposit of unknown
quantity in assure veins in the Ca,
ballos mountains of southern New
Mexico. - miles from Cutter, on the
Santa Fe railroad. The mines produce
lead mandate with 55 percent lead
- he
is the richest body OF vanadium known
outside the Peru deposit
PiEat is Completed.
The company has just completed
concentrate plant at its mines, two of
which are opened. and also an oxide
plant which separates the lead sup
plate from the vanadium ore at Cut.
ter. TIE concentrate plant at the mines
has a caPcity Of $50 tons a day, while
the oxide plant at Cutter has a ca
pacity Of 0G9 POUNDS Of lead sulphate
a day. and the vanadium ore that will
be shipped from the oxide plant will
be equal to between 1900 and COCO
pounds Of pure vanadium a day.
The company ships its lead sulahate
direct from Cutter, n. NJ, to consumers
and ships its vanadium ore to Rankin.
where it is made into ferro vanadiHln
in a newly constructed steel building
that will begin shipping the finished
product on March 15 The total pro
duction in weight appears small, bit
not so, when values are considered.
Vanadium is now selling at So a pound
and lead sulphate at 5 cents a pound.
At this rate the plant at Rankin VIII
be turning out vanadium at the rate
OF from $500 to $4,000 a day At the
same time the biproduct plant at Cut
ter. n NJ, will be turning ont lead
at the rate of $500 day
The concern is using a new process
in extracting the vanadium. which .sas
designed by s. Diescher & Sons. Pitts
burg engineers. and today is employing
about $50 men regularly in its mines
and plants, while this force is to be
Increased gradually to larger one
During the past month one English
company offered TO take the entire
production of this company in ore di-
-ect to England for reduction. Several
orders fer large amounts of vanadium
Ire pending from European countries.
while the company, through its own |
connections, has market for pra:-
ically its entire product in this coun- !
ry.
The new corporation will direct all
If its operations from Pittsburg. The !
horcughness OF the equipment of the i
hree plants of the company is shown I
~ the fact that system of electric |
has been installed at the
mines and auto trucks are being pro-
'ided to carry the concentrates from
he mines to the oxide plant, u miles
way ard as the roads are perfectly /
evel and hard, this is held to be less 1
ostly than a shipment by rail were a
abroad possible.