Document LJZDMzr1a78q2oNVX0yVbJ2jb

An a c o n d a Co p p e r Min in g Co mp a n y Tftt. 'SaJf - Great Falls, Montana August 25, 1948 Ve, E. B. Capias, Manager Building Dear Sir: I am showing below the number of tons of East Helena fume sold or treated and the profit per ton for the first six months of 1948 * Tons sold or treated Profit Profit per ton Chemet Corporation Eagle Picher Local Sales in East Helena Great Falls Zinc Plant Total 235.54 2,798.30 7.17 13,703.61 | 14,989 220,916 1,002 1,106,046 16,744.62 $1,342,952 t 63.63 78.95 r 139.73 74.14 r'' $ 80.20 Of the 235 tons sold to Chemet Corporation 120 were sold in January when the price of zinc was 10.5/ per pound. Yours rery truly. RJL-LG Metallurgist 4/ February 14,194$ Kr. E. s. HcGlone. Vice President Anaconda Copper Mining Company Butte, Montana Dear d: The Indicated total profit Iron the operation of the East Helena Slag Treatment Plant plus the profit from sine plant treataent of fume produced end from sale of fuse to others is $2.545t366.92, before allowance for eastern expense and depreci ation. There is an added item of income creditable to the hast -v Helena Plant of $66,610.93 derived from royalties paid by the 7 Bunker Hill and Sullivan Company for use of the last Hslena patents. The gross income to the Anaconda Copper Mining Company generated in 1947 by the East Helena Slag Treatment Plant was $2,611,977.$5. Part of the fume produced at East Helena was sold to outsiders such as American Chemet Corporation and Eagle richer Lead Company. The remaining fume was shipped to Great Falls for treat- asst through the xine plant. Had we purchased sine concentrate under the terms of the last purchase contract with the Federal Mining Company to produce the seme amount of sine as that recovered from East Helena funs in our xinc plants, we would have derived a profit of $1,110,437.66 from the treatment of the concentrate lfcich would have replaced fume. The profit which may be said to have been due solely to the operation of the East Helena Slag Treataent Plant, plus the royalties received on patent, amounted to $1,501,490.19. The total amount paid to the American limiting and Refining Company for slag purchased for treatment at East Helena in 1947 was $1,269,273.10. I am enclosing extra copies of this letter which 1 would appreciate your forwarding to Measra. Hoboina and Dwyer, if you have no objections to doing so. lours very truly, RBCsdb Enc. cc: Mr. Lalst Mr. Baldwin C/L-. /5, PNYC 00012636 N11192.01