Word: algom
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Dates: during 1955-1955
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...have trouble getting into production in the 20 months Howe allowed them. Heads of the bigger companies took Howe's statement as a fair warning that Canada and the U.S. will not go on indefinitely paying a premium price for stockpile uranium. Said Franc Joubin, president of Algom Uranium and discoverer of Ontario's Blind River field: "This is the orange light before the red, which is always welcome...
...Algom Uranium, another Hirshhorn company, which will top Pronto when it starts producing in 1956 at the rate of 3,000 tons of ore a day from each of its two mines, one at Quirke Lake and the other at Nordic Lake. With ore reserves reckoned by some geologists at 75-100 million tons,* enough for 34 years at the planned rate of production, Algom has contracted to sell five years' output to the government company for $207 million...
...Consolidated Denison, south of Quirke Lake, which has a 6 square-mile claim, and indicated ore reserves comparable to those of Algom's Quirke Lake and Nordic Lake combined. Its contract with the government may well rival Algom...
...town of Blind River is neither equipped nor located to house and supply the 8,000 to 10,000 workers and families who will be needed when the mines and mills are all at work. For the families of the 2,000 miners who will go to work for Algom and Consolidated Denison, the Ontario government has set aside a lakeside site of 396 square miles for the new town of Elliot Lake, within easy commuting distance of the mines. The mines will be taxed to support the schools, hospitals and public agencies of Elliot Lake. The townsite has already...
...Algom, unable to wait, moved into Elliot Lake this year, and began building bachelor dormitories for its construction workers, can convert them later into apartments for families. "If uranium proves to be a long-range proposition," said one of Elliot Lake's planners, "we see no reason why this town shouldn't grow to 20,000." For Pronto's executive and professional staff Hirshhorn put up a community of ultramodern ranch houses along the shore of Lake Lauzon...