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The Cost of Mining

The Cost of Mining


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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1909 edition. Excerpt: ...with the single exception of the requirement of smelting all the ore, very favorable for cheap work. The ore is soft, uniform, and occurs in good-sized bodies. The stoping is done in square-set rooms. The item of timbering must be one of the chief mining expenses. There is nothing in the reports to show the mining or smelting losses; but with this exception the reports are excellent. They give the stockholders m brief but sufficient outline the costs and financial results of the business. In the five years ending December 31, 1907, the costs were as follows: Costs Per Ton For Five Years, Utah Consolidated 'Per Ton Mining, 1,260,453 tons $1.73 Development, 1,400,000 tons 0.30 Transportation, smelting, and refining, 1,276,393 tons 2.80 General expense, 1,276,393 tons 0.23 Current construction, 1,276,393 tons 0.34 Amortization at 5 per cent. interest and 5 per cent, annual amortization of $1,232,274 invested in plant at beginning of period; this being sufficient to retire the investment in 15 years--proportion for five years 0.48 Total cost $5.88 Recollecting that the ore contains in copper, gold, and silver the equivalent of 80 lb. copper to the ton, we get an average complete cost of producing copper of 7.35 cents per pound. This may be divided as follows: actual operating cost, 6.75 cents; allowance for return of working plant, 0.60 cents. Of course, everything received above 6.75 cents for copper or its equivalent in New York goes to the stockholders as dividends. The report of the Utah Consoldiated for the year 1908 exhibits conditions that are not comparable with certainty to those of former years. The smelter, which was the principal plant asset of the company, had to be permanently shut down on account of a decision...


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Product Details
  • ISBN-13: 9781230152073
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 122
  • Spine Width: 7 mm
  • Width: 189 mm
  • ISBN-10: 1230152075
  • Publisher Date: 13 Sep 2013
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 231 gr


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