Document DMeVmOERLGnqj02rqRzq4dmM4

j % Klwt-- of the 1969 Bedgat Mieting Lead Xnduetry Drralnjmant Ccmdttaa International Laad tine IWaearch Organltatloo Pecepber 8, 196b, Bev Torki Hf Tort Tba Laad Indurtry Zkrralopaant Co--dttea (IDC) Mt on tbcetebar 6, 19^, at *9B Madlaan Arena#, l*v York, In lark to conaidar tb# International Lead tine Bei--rcb Organliatloe (ZLZJtO) laad r**rcb budget for 196$ 1b* primary purro-- ef tb* Meting u to coulter tb* aeon--Ac and aarfcetin* map*ct of tb* re**arob project* approead by ZLZTtO technical ccaadttea* 1a orter to ante* rabaaqeant r*i f--ntetlc-- to tb* Board of Director*. Brier to tb* Mating XLZ80 bad distributed to tb* XDC Maber* a don-nt * tltlad lead Zndu*try Drralojoeot Ccadtt*# Budget Meeting, Dec--her 8, 196k" rfelek contained a aim--ry of r--rcb pro$*cte T*rr----ntefl by ZLStO Babco--ltt*w and rtatment# on ecoocnlc and --rkrt potatrtlal of tb* project#. At tb* Meting oa Dee--ber 6, ZZZBO dlrtribcted a don--ot otltl*d load Industry I*r*lcf*nt Com nittee Budget MnUsc, See--br 8, 196k (financial rata)" vblch contained a nonary of re*earch project* 1 rr-- lalail by tb* Oobccnsltte#* and *bb**qo*stly *ppitw*d by tb* lead Technical Steering Ccntltte#. Ibl* doc--ent alo eootalaed tat --ant* of *tlABt*d financial prfaraaac* of ZLZBO for calanter y*ar* 196k and 1965. 1b*** doe--ant* parortded tb* baai* for project and financial oonelderatlca ef tb* 196$ r****rch budget tearing tba Mating* XX. ATTOOUat Baoaa In attendance warai Mtteher* and Daalmatad Altarnat-- i i JJU Xaglabcrn, J.8. 8--rt, Jr* M. Borland B*J* BopJdns OJU Larson X. Tb^*co LA., Taylor 1.1. Owitatl K. Bi--bar* 0* Boaec&rtl P*J* larta 0t. Joseph Lead Cfgnrqr Aaerlcan Malting A Baflnlng On. Anacoote Sal** Cragarqr Tba Broken Bill Aasoclatad OneIters, Pty., Ltd. Tba Banker Kill Company Con Sale* Corporation Cla Miners Aearco, M. Bta Coo* oil dated Mining A Bmaltlng Co. of Canada, Mr1td Mitesil Mining A Melting Co . Ltd. Montepool A Mcnteracehlo Boelata par Atlonl United state* Malting, Baflnlng A Mining Co^any 1 ; mmumtm - * * -**- iiw i h i--i . HB.'VMA LIA168A5 - t.O. ttmM *.D. Taplnr LV. laltoa A. hlM IJ. iNrli M. M. OJL. Ur|K Marl can Malting and Raflnlag 0o< AMrlcan Melting and Raflnlng Oo. fix Broken Bill Amo c UM BMltwi rty.. Ltd. (C. Tennant, tout A Oo. ef R.T.) HUU klning 4 Malting Co., ZM. Montepod 4 NonUrwetto Bevnot Mining ftpiy Tba Rio Tinto-tine Corp., IA&* The Rio Tlnto-tlac Corp., UA. Boelete Klnlara et Metaliwglqaa da Panarrapa (international galling Oatp.) O.S. Tpeca and Oo., Xae. 1SLSS BO. tiagfald ZUU Borclna M. talar ILCTO gtaff 8*R Radtka S.E. tck OJU timing - Blractor Acting ZC. CMI TO CEXO Tba Qilnu called tba Acting to crdar At 9:30 AH. and aalccMd tba aMbara And gueata to tba Mating, particularly MStloelag tboaa frca Abroad ebo bad tr*r. allHi* far to participate la tba budget actlrltlea of IMO. XT. AffROwa Of KDPPg Ob action duly an da, aacoedad, and unanlaooalp approved, tba adootaa of tba praeloua Mating of tba lodurtrjr PavalopMBt CoBdttaa bald on April 19 1964 aara approved aa clrculated- T. AITKWIL CT TER 196; IXAP RRSR4RC8 BOngf Tba Cbairaan pointed out that tba laad raaaarch budget being praaantad to tba Xndurtrp DerelojMot Cczazlttaa had baan canal dared tvica prrvloualp bp tba Mb* ccrdtteee and tba Technical etaerlng Ccnelttaa and Motlooad that ecocxmlc and aarkrt atat--nt.a oo each project bad baan prrrlcuAlp clrculatad to tba CcMlttaa Msbara for rerlev. Xn rlew of thla prior eereaalng and doc-uaentatlon, tba Cbairaaa auggeetad that tba Matl] ba conducted bp baring ILSRO'e Director brleflp rerlaa each project and la tba abeanca of caaamt, dlecueelcc or other lndicatloo of opposition to aa Individual project that tba Secretarp record tba rota of tba XSC ae unanlanualy la farar of approval. Tbia suggested proeadura u adoptad bp tba CoMlttea. WSm nfaa LIAU846 l *3- la eoccrdaae* elth this procedure the ISC took the foliating tctlcu A. 51 projects war* ri r--nisi with anarrt ocas anproml. A. A projects vm approrad with mm nag* tire vote* (ncee greater ttu j)> ftwi wwra CIA-21 Deeoratlre and froteetira flnlabe* for load GUt-25 - Boclaatloo sod Ormln Orowth RwseMH la Ceatlc lead Aci4 iattary Grid* UA-2k - Plla farsetloo Coder Anodic Condition* (JU-26 - Brolntioe *od laroahl nation of Oaaes - $ 5,000 $10,000 *10,000 $10,000 C. Project II-9k - Korh--lral Approach to Load feodeity, $3k,2$0, waa approved after a actlea u defeated to Initiate the project la 1965 at l/2 the Mggsated rata of expand1 tun, the balance to b* expanded la 196&. D. Project LC-59 " Canatle Coating* for CMaotltlcua aad MatalUe toflca, waa apprond at a rata of $10,000 loataad at $20,000* S. Project CIA-19 - lead Anodoa far Cathodic Protection Dndarprtxmd, $5,000,waa tahlad pending addltlooal acoocale Justification. r. Project tU-lk - Badlatlco Protection Bftecte of Inorganic load Ccagxxinde, $10,05k waa dafeatad 0. Ab Cadealgnated Research Pood of $50,000 waa approved. (lotei A rarisad Hat of thoaa raaaareh project* approrad hy the ICC la attached.) the Chalraan rwpertad that tha action of the Industry DerwlcpMst Coaalttaa reduced tha lead raaaarch budget proposed by tha Technical dtearlng Ccaadttee froa $kll,l8k to $386,130. (lotai This flgun dosa not laelode propoaad ILZBO adatinlrtratloc tadgwt of $153*9901 tha Secretary reported that thla actloa would reduce aatlaatad 1965 expeodltana bp epproolnataly $10,500 which would allow a reduction 1b tha propoaad 1965 aaaaaaMsrt rata froa $.k9 par toe (2000 pouada) to $.k8 par too of pip load. the Industry Derwlopnent Coeedttee than agreed to recaaend to tha Board of t&neton tha rarlaad raaaarch budget aad aa uHMaact rata of $.k8/tca ha aad aa 196k pig lead productloo of tha apooaora of XLZB0. (lotet tha Xxecvtlre CcaMttae of XUBO subeequestly letcaaieuded to tha Board of Directors that tha 196k aesesMcot rata of $.k5 par too ha approrad for 1965; tha art affect being that tha caah arallabl* for operation at tha asd of 19&5 would ba reduced fro* aa aatlaatad leral of approednetaly $100,000 to epprcglaately $60,000* tha Board of Directors, at It* Boating held 00 DecM>er 15, 196k, approrad tha raaaarch budget reccMtsded by tha ICC aad tha aaaaaoseat rata of $.kj par ton race--andad by tha teecutlre Ccaadtta*. A financial rtataoaot on tha 1965 approrad nao Budget, totaling $5k0,060 la attaehad.) L IA 1 ( 8 4 7 .4*. \ n. il c t o l ic c t s h c ycucr j The Director di*eueed dlfflcultlee arlelnc fra* the prerloualy MtaUllM policy of the Indu*try Develoynect Ccndttee which rteted that only >tclrtw I licence* could b* crested Co 2LTS0 development*. He cited current *1 tuition la which *ererl large eheedeal jxcduclt* ecapenle* bed eipreeeed eeemerclal Interact 1b the production end aarketln* of a lead ccacpouad for the production of poly nrwthane fotn. Sack ccepeny bed ladle*ted the need for ns cxclualre Urcnw la order to offart capital and aarkatlnc expenditure#. The Director repeated that la rlev of thle situation, lacal cwneel had t* dlceted that an excluelv* llceaae could be coasted la c#*i where It we* needed to effect eamerelal development. justification would depend on descanting the feet that r rw* 111*11 n ~ 1 m would not be undertaken tgr Interested flra* without aa ex clusive 11eerie. Ae a reeult of thle lacal opinion, the Director repeated that nefotlrtlone were belrc undertaken to grant an exclusive llcenee on the foaming aged and adrleed that the llrer** acre--*nt would be forwarded to the XXC for Sjprovel. ] iO | | rn. err h u c t o Zt we* acreed that the next meeting the Industry Development Cceadttee oa HTRO setter* would be held on April 27, 1#5 at the Drake Botal In Chicago, ZlUoola In conjunction with the AZ3-UA Anouel Meeting. It wa* prtpoeed that the meeting be Jointly held with the lead Technical Bteerlra* Caselttee and the Dine Industry Dmlopmest Cocmittee and Technical Steering Ccamlttee. rra. AuaagKMT There b*lr no further business, the XLD portion of the Induetzy Devalopaeat Coaadttee neetlnc wee adjourned at ltOO Boon. CIJILJW R991