Word: colorados
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Dates: during 1950-1959
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With a string of uranium mines and one mill already operating at capacity in Colorado's plateau country, Climax announced that it was moving its uranium subsidiary headquarters from New York to Grand Junction, Colo., to be closer to actual operations, making it easier to expand into uranium. Though the company netted only $428,248 (4.4% of total profits) from uranium in fiscal 1953, it is prospecting for more lodes, will build new ore-processing plants wherever needed...
Climax' miners, who must tunnel through Colorado's Bartlett Mountain for the ore, call it "molly bedamned," and until World War I no one had much use for the metal. The Germans, then short of tungsten, first used it to harden the barrels of their Big Berthas. It was used on a large scale again in World War II. In peacetime, however, most steelmakers preferred tungsten; molybdenum production usually dropped off to a trickle...
...help of the jet age, hustling President Bunker has managed to turn moly into a bonanza. When Bunker, who is considered one of the top U.S. authorities on raw materials, took over Climax in 1949, the company owned North America's biggest known supply of the metal, in Colorado, but had few buyers. Bunker, 58, went to Washington to argue that the U.S. was in poor shape for the heat-resistant alloy it needed for jet engines, persuaded the Government to start buying...
...proved Bunker right. When the U.S. started rearming, demand for moly soared. By 1951, production had doubled to 22 million lbs. a year and Climax was selling all it could mine. To catch up with demand, it has just completed a $35 million expansion at the moly mine in Colorado that will boost production another 55%, give Climax more than 70% of the world's total output...
Edward D. Churchill Jr. of Belmont, Mass.; Frederick B. Churchill of Belmont, Mass.; Ernest B. Dane 3d of Newport, R. I.; Lindsay E. Fischer of Colorado Springs, Col.; Harrison Gardner Jr. of Wenham, Mass.; Daryl R. Hawkins of Seattle, Wash.; Noel H. Scullin of Newton Centre, Mass.; Hans C. Vitzthum (Capt.) of Putney, Vt.; John H. Vohr of New Hampton, N. H.; Roger F. Langley Jr. of Barre, Mass...