Word: ores
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Dates: during 1950-1959
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Local Public Service: KPOJ, Portland, Ore., for helping teen-agers through Careers Unlimited, and community interest through Civic Theater...
Erie Mining is owned by Bethlehem Steel and Youngstown Sheet & Tube Co., and the U.S. will soon hear a lot more about taconite, an iron-bearing rock which spreads over much of Minnesota's Mesabi and adjoining ranges. Though Mesabi's rich ore is rapidly being exhausted, there is a vast supply of the inferior (about 30% iron) taconite ore. Big steel producers are now committed to spend $1 billion within the next six years building plants to turn taconite into usable iron ore...
Within three years, Reserve will be producing 2,500,000 tons of ore yearly from taconites, and its ultimate goal is 10 million tons. To achieve it, Reserve plans to spend $260 million. It is building two new towns for 5,000 workers, a 40-mile railway to haul taconite from Babbitt, Minn, to the bigger plant at Beaver Bay. It is linking two Lake Superior islands by breakwaters to handle the loading of finished ore...
Quality at a Price. Erie Mining's plans are even bigger: a 5,000,000-ton production rate by 1957, and an eventual expansion to 10.5 million tons. It will build a huge, ore-concentrating plant four miles from its present Aurora plant, a 60-mile railroad down to two islands near Schroeder (on Lake Superior's north shore), and its own harbor for loading the pellets into ore boats...
...this construction will make taconite ore costlier than the ore now being used. But since the processed pellets contain 60% iron, v. 50% or less for rich ore, pig-iron cost may not be appreciably greater. Moreover, taconite pellets will make better iron, because their quality is more even...