Title |
025_Meeting Handout_16 Dec 1976_Financial Community Representatives |
Creator |
Stewart Library, Weber State University |
Contributors |
Funded through the generous support of the Edmund W. and Jeannik M. Littlefield Foundation. |
Description |
This is a myriad of items throughout the UC/UI collection. It includes the minutes of the stockholder's meetings with both Utah International and General Electric, correspondence, a reel-to-reel tape of the merger meeting and the official merger documents. |
Subject |
Utah International Inc. Notes; General Electric Corporation; Littlefield, Edmund W. (Edmund Wattis), 1914-2001; Jones, Reginald H. (Reginald Harold), 1917-2003 |
Digital Publisher |
Stewart Library, Weber State University |
Date Original |
1973; 1974; 1975; 1976; 1977; 1978 |
Date |
1973; 1974; 1975; 1976; 1977; 1978 |
Date Digital |
2009 |
Item Description |
4.25 x 6.5 - 8.5 x 11 in. handwritten or typed on paper |
Type |
Text |
Conversion Specifications |
Archived TIFF images were scanned at 400 dpi with an Epson Expression 10000XL scanner. JPG and PDF files were then created for general use. |
Language |
eng |
Relation |
http://library.weber.edu/asc/ucc/regindex/documents/Register.pdf |
Rights |
Materials may be used for non-profit and educational purposes; please credit Special Collections Department, Stewart Library, Weber State University. |
Source |
MS 100 Box 2b, 23, 44-45, 242, 250, 268 |
Format |
application/pdf |
ARK |
ark:/87278/s6jnmvk0 |
Setname |
wsu_ui_ge |
ID |
43670 |
Reference URL |
https://digital.weber.edu/ark:/87278/s6jnmvk0 |
Title |
015_page 16 |
Creator |
Stewart Library, Weber State University |
Contributors |
Funded through the generous support of the Edmund W. and Jeannik M. Littlefield Foundation. |
Description |
This is a myriad of items throughout the UC/UI collection. It includes the minutes of the stockholder's meetings with both Utah International and General Electric, correspondence, a reel-to-reel tape of the merger meeting and the official merger documents. |
Subject |
Utah International Inc. Notes; General Electric Corporation; Littlefield, Edmund W. (Edmund Wattis), 1914-2001; Jones, Reginald H. (Reginald Harold), 1917-2003 |
Digital Publisher |
Stewart Library, Weber State University |
Date Original |
1973; 1974; 1975; 1976; 1977; 1978; 1979; 1980; 1981; 1982; 1983; 1984; 1985; 1986; 1987; 1988; 1989; 1990; 1991; 1992; 1993; 1994 |
Date |
1973; 1974; 1975; 1976; 1977; 1978; 1979; 1980; 1981; 1982; 1983; 1984; 1985; 1986; 1987; 1988; 1989; 1990; 1991; 1992; 1993; 1994 |
Date Digital |
2009 |
Item Description |
4.25 x 6.5 - 8.5 x 11 in. handwritten or typed on paper |
Type |
Text |
Conversion Specifications |
Archived TIFF images were scanned at 400 dpi with an Epson Expression 10000XL scanner. JPG and PDF files were then created for general use. |
Language |
eng |
Relation |
http://library.weber.edu/asc/ucc/regindex/documents/Register.pdf |
Rights |
Materials may be used for non-profit and educational purposes; please credit Special Collections Department, Stewart Library, Weber State University. |
Source |
MS 100 Box 2b, 23, 44-45, 242, 250, 268 |
OCR Text |
Show 8 - Foreign iron ore operations and ocean shipping were in the red. Slack steel activity held iron ore prices down. Additionally, Mount Goldsworthy in Western Australia experienced higher costs, partly because of higher stripping ratios and partly because of frequent work stoppages by organized labor, a situation common to all Australian iron ore producers. Marcona's New Zealand iron sands operations also operated unprofitably. With its Peruvian properties expropriated, Marcona had no ore to sell from that source during 1976 and the impact on its ocean shipping activities was severe. Utah's share of the Marcona loss was $5.0 million, $10.5 million worse than the prior year. All of Marcona's profit centers operated in the red but the hardest hit was ocean shipping. We further decreased our earnings by setting up an $11 million pre-tax writeoff against an obligation to deliver through 1980 3.7 million pounds of uranium oxide at a price estimated to be below our costs of production at the times of delivery. Focusing now on the positive aspects, profit improvement in Utah's operations was broadly spread among the various profit centers. Uranium recorded significantly higher earnings. While a major part of our current shipments were at low prices contracted for in earlier years, part of the production this year was marketed at substantially higher prices. In 1975 our uranium prices averaged approximately $10.37 a pound and uranium mining was only modestly profitable. This year average prices are in excess of $21 a pound and this increase in price combined with higher shipments have made uranium the second largest contributor to gross profits. Increased contributions to gross profits were also recorded by steam coal, |
Format |
application/pdf |
Setname |
wsu_ui_ge |
ID |
44030 |
Reference URL |
https://digital.weber.edu/ark:/87278/s6jnmvk0/44030 |