Title |
UCUI_1974_AnnualReport |
Creator |
San Francisco: Utah International |
Description |
The report includes information about the company for the fiscal year ending October 31, 1974. This consists of a management comment to the shareholders, an abstract of operations, properties and interests, and financial statements including the auditors' report. |
Subject |
Auditors’ reports; Financial executives; Corporation reports; Financial statements; Financial statements notes; Stockholders |
Digital Publisher |
Stewart Library, Weber State University, Ogden, Utah, USA |
Date Original |
1974 |
Date |
1974 |
Date Digital |
2006 |
Temporal Coverage |
1947; 1948; 1949; 1950; 1951; 1952; 1953; 1954; 1955; 1956; 1957; 1958; 1959; 1960; 1961; 1962; 1963; 1964; 1965; 1966; 1967; 1968; 1969; 1970; 1971; 1972; 1973; 1974; 1975; 1976 |
Item Size |
8.5 inch x 11 inch |
Medium |
bound book |
Item Description |
37 page paper report bound in landscape format |
Type |
Text; Image/StillImage |
Conversion Specifications |
Archived TIFF images were scanned with an Epson Expression 10000XL scanner. JPG and PDF files were then created for general use. Transcripts generated by OCR (optical character recognition). |
Language |
eng |
Relation |
https://archivesspace.weber.edu/repositories/3/resources/212 |
Rights |
Materials may be used for non-profit and educational purposes; please credit Special Collections Department, Stewart Library, Weber State University. |
Source |
UCC/UIC 1900-1984 MS 100 Box 6, Special Collections, Stewart Library, Weber State University |
Format |
application/pdf |
ARK |
ark:/87278/s6dktx09 |
Setname |
wsu_ucui_ar |
ID |
97948 |
Reference URL |
https://digital.weber.edu/ark:/87278/s6dktx09 |
Title |
UCUI_1974_AnnualReport - 1974_007_page12&13 |
Image Captions |
following primary crushing copper-laden ore is screened and stockpiled at the island copper mine prior to delivery via tunnel conveyors for further processing |
Description |
The report includes information about the company for the fiscal year ending October 31, 1974. This consists of a management comment to the shareholders, an abstract of operations, properties and interests, and financial statements including the auditors' report. |
Subject |
Auditors' Report;Directors and Officers;Financial Highlights;Financial Statements;Management Comment;Operations;Properties and Interests;Shareholders |
Digital Publisher |
Stewart Library, Weber State University, Ogden, Utah, USA |
Date Original |
1974 |
Date |
1974 |
Temporal Coverage |
1947-1976 |
Item Size |
8.5 inch x 11 inch |
Medium |
bound book |
Type |
Text; Image/StillImage |
Conversion Specifications |
Archived TIFF images were scanned with an Epson Expression 10000XL scanner. JPG and PDF files were then created for general use. Transcripts generated by OCR (optical character recognition). |
Relation |
https://archivesspace.weber.edu/repositories/3/resources/212 |
Rights |
Materials may be used for non-profit and educational purposes; please credit Special Collections Department, Stewart Library, Weber State University. |
OCR Text |
Show copper demand for copper unusually strong through much of 1974 caused prices on the london metal exchange to reach a record level of 1.52 per pound during april 1974 united states copper prices limited during the early part of 1974 under phase iv regulations rose from 68 to 870 a pound after governmental controls were lifted as industrial activity in the world slackened during the year copper prices steadily re treated to lower levels benefiting from the high copper prices prevailing during much of 1974 was utah's island copper mine located at the north end of van couver island in british columbia canada as well as utah's 25%-owned affiliate cyprus pima mining company located some 25 miles south of tucson arizona development of the island copper mine began in 1969 after extensive drilling indicated the presence of sub stantial quantities of copper-bearing material contain ing significant quantities of gold molybdenum silver and rhenium as by-product metals shipments of copper concentrate from the mine and the 38,000-ton-per-day mill which has the capacity to produce concentrates containing 115 million pounds of copper metal annually were begun in decem ber 1971 a deep-water dock adjacent to the open-pit mine and mill was de signed to provide convenient and economic product shipment facilities to accommodate the work force re quired for the project a sizeable hous ing development in the town of port hardy situated ten miles from the mine site was undertaken contracts negotiated during 1969 with japanese companies commit 100 of island copper's production during the first five years of operations extend ing through 1976 and approximately 64 of its production during the suc ceeding five years prices under the agreements for the principal metals are based on london metal exchange quotations mining and milling operations at island copper were adversely affected during 1974 by a strike which extended some seven weeks ending on september 27 1974 as a result shipments totaled 91 million pounds of copper contained in concentrates which was less than the 97 million pounds delivered in 1973 the average price realized during 1974 was 1.05 as compared to 782 in 1973 however the new british columbia royalty arrangement in 1974 prevented the full benefit of these higher prices from flowing to island copper ship ments of gold the most important by product metal totaled 45,000 ounces in 1974compared to 44,000 ounces in 1973 the cyprus pima mine which also operates as an open-pit mine with sup porting milling facilities has been in existence since 1957 it has been ex panded on several occasions with the latest program completed during 1972 to increase the milling capacity to approximately 53,000 tons per day from which 160 million pounds of copper can be produced annually shipments during 1974 totaled 154 million pounds at an average copper price of 82.3 as compared to 148 million pounds at an average copper price of 59.4tf shipped during 1973 the favorable copper price together with the increased quantities sold were the principal contributors to cyprus pima record earnings for 1974 is screened and stockpiled at the is mine prior to delivery via tunnel co for further processing |
Format |
application/pdf |
Setname |
wsu_ucui_ar |
ID |
98224 |
Reference URL |
https://digital.weber.edu/ark:/87278/s6dktx09/98224 |