part of the existing town the housing subdivision consists of apart ments houses duplexes and town houses additional units are to be constructed as required through the efforts of utah the government of british columbia and the town of port hardy schools paved streets and underground utilities have been pro vided and a secondary sewage treat ment plant has been installed with sufficient capacity to serve both the old and new sections of port hardy pima mining company ships its concentrates to custom smelters in the united states sales of copper metal amounted to 125 million pounds and were at the same levels as in 1970 however utah's share of pima's earnings after provision for distribution taxes was 3.7 million lower than the 4.9 million realized in 1970 primarily because of a decline of approximately 6.5 cents a pound in the price of copper expansion of pima's facilities to a mill capacity of about 53,500 tons of ore per day from its former capacity of 39,000 tons was under way and nearing completion in terms of con tained copper metal pima's output will be thereby increased by approxi mately 23 from 130 million pounds per year to 160 million pounds ocean shipping as a means of assuring and con trolling the availability of ocean car riers for the movement of iron ore mined in peru to world markets marcona inaugurated regular shipping operations on a charter basis in 1953 and the first owned vessel was acquired in 1955 profitability of the growing fleet was enhanced with the design and construction of combina tion ore-oil carriers having the capa bility of earning substantial backhaul revenues extended to world-wide commerce and the transportation of other bulk commodities in addition to iron ore and oil marcona's shipping arm became a separate and signifi cant source of profits in recent years shipping earnings have equalled or exceeded earnings from the iron ore mining operation on which the decision to develop the means of ocean transport was originally based the marcona fleet now consists of ten vessels having an aggregate dead weight of 890,000 tons of which nine are combination ore-oil carriers capable of transporting full cargoes of either commodity all of these carriers were constructed in japanese shipyards additions to the fleet by time and spot charters bring to ap proximately 2.7 million tons the total deadweight capacity of the vessels available to marcona for operation by its shipping subsidiary marcona carriers ltd marcona's ocean shipping opera tions provided an exceptionally high contribution to earnings in 1971 far more than offsetting the loss of earnings from mining activities during the year in late 1970 and early 1971 tanker tonnage was in critically short supply and rates rose rapidly for both time and voyage charters in the oil trades the combination carriers operated by marcona whether owned or time chartered were diverted to the movement of oil at extremely favorable rates for the movement of ore replace ment tonnage in dry cargo vessels was chartered at the prevailing lower rates oil traffic by the marcona fleet rose to 41.5 billion ton miles in 1971 at the higher charter rates as compared with 28.1 billion ton miles in 1970 when rates were at a fraction of the levels realized in 1971 this resulted in record high earnings from shipping operations and the earnings of utah international benefitted accordingly to the extent of its 46 interest in marcona certain of the high-rate time charters in oil will continue into the calendar year 1972 and some until the end of the year total fleet traffic was higher in 1971 rising to 136 billion ton miles from 130 billion in 1970 marcona's shipping earnings in 1972 and future years will be influenced by the volume of iron ore oil and bulk commodities left flotation machines are installed to expand concentrating capacity at pima mining company's copper mine in arizona above right 168 flotation cells each of 300 cubic feet capacity recover copper from ore pulp at island copper concentrator below tight new subdivision in town of port hardy british columbia overlooking queen charlotte straits is home for employees at utah's island copper mine center fold at island copper concentrator six 32 x 14 autogenous grinding mills