japanese steel mills by the co-owners have a total sales value in excess of 90,000,000 and will raise the output of the mine under long-term con tracts to approximately 4,200,000 tons annually by 1970 not including possible spot sales one series of contracts calls for the delivery of 10 million tons of goldsworthy ore consisting of 5 million tons of lump ore and 5 million tons of fines scheduled over ten years commencing octo ber 1 1969 the other commitments are for 1,050,000 tons of iron ore fines deliveries began during july 1968 and extend to march 1973 the original commitments call for delivery of 2.5 million tons per year of lump ore and subsequent contracts call for delivery of 500,000 tons per year of iron ore fines such contracts terminate march 31 1973 a 3 million tertiary crushing and screening plant at the port ore terminal is under construction to accommodate deliveries under the new contracts the mount goldsworthy mine owned equally by utah construction & mining co cyprus mines corporation and consolidated gold fields australia limited is currently operating under two basic series of con tracts for delivery of ore to japanese steel mills earnings from mt goldsworthy increased substantially in 1968 as a result of expanded sales and lower unit production costs shipments of iron ore from the project for all co-owners including spot sales during our fiscal year totalled 4,235,000 tons utah's domestic iron ore interests at cedar city utah were more profitable in 1968 than in the previous year the gain was attributable to increased iron ore sales from our iron springs mine the u s steel corporation purchases iron ore from our cedar city reserves under a contract which runs until 1975 profits from our navajo mine in the four corners area of new mexico were below those recorded last year as a result of a reduction in coal deliveries deliveries during the year were approximately 2.30 million tons compared to 2.45 million tons in 1967 arizona public service com pany has three generating units totalling 575,000 kw capacity in opera tion which normally require deliveries of 2.5 million tons of coal annually from the navajo mine under a 35-year contract two new generating units each of 755,000 kw capacity are now being constructed adjacent to the arizona public service company units they are owned jointly by southern california edison company arizona public service company salt river project public service of new mexico tucson gas and elec tric company and el paso electric company pursuant to the terms of a second 35-year contract which was signed in 1966 the navajo mine will also supply coal required to fuel these additional units starting in the pima mining company an affiliate produces co million pounds of copper and 1,3 million pounds in arizona in our fiscal 1968 pima produced 126.7 lolybdenum hi low shovel loads 100 ton ore trucks i