EXHIBIT S-21 Minnesota iron ore production for open pit beneficiating mines, based on 1943 occupation tax reports adjusted to show true costs also royalty and royalty tax payments per ton market Total market value lower lakes Transportation and mis cellaneous costs to lower lakes Total Royalty and Full market mine value Full Mine market produc Total mine tion production value costs costs per ton per ton Operating income per ton 1 operating income BENEFICIATING MINES WITH PROFITS BETWEEN $1 AND $0.30 BENEFICIATING MINES WITH PROFITS UNDER $0.30 AND WITH LOSSES Int'l. Harvester. C. Hedman & Co. M. Cliffs. Pickands Math er. Evergreen. ..do. C. W. Moore. 574, 532 $4. 4167 37,207 Butler Bros. 1,891, 104. 27 1058) 220, 205 4. 6720 (81, 505. 14) 792 1, 028, 797. 76 432, 702. 83 Do Greenway W 596, 094. 93 2.7070 2.9200 642, 998. 60 2130) Evergreen.. 170, 171 4. 2853 746, 250. 89 (46, 903. 67) 389 334, 386. 02 Fillmore Coun Weebing. 411, 864. 87 2.4203 2.6383 448, 962. 15 do. 2180) (37, 097. 28) 723 45, 435 4. 1095 186, 715. 13 89, 279. 78 97, 435. 35 2. 1445 2.4403 110,875. 03 ty. (.2958) (13,439.68) .338 G. N. Weggum.. Philbin. 274, 651 3.8760 1,064, 547. 28 539,689. 22 Fillmore Coun 524, 858. 06 1.9110 Weebing. 2. 2500 Winston Bros. 617, 964. 75 3390) (93, 106. 69) .537 174, 992 4.0499 708, 700. 10 446, 229. 60 262,470.50 1.4999 1.8525 ty. 324, 172. 68 (.3526) (61, 702. 18) .399 G. N. Cuyuna. Harrison. Butler Bros. 387, 227 4. 4760 1,733, 228. 05 760, 901. 06 972, 326.99 2. 5110 2.8980 Maroco Evergreen... 1, 122, 183. 85 3870) 74, 113 4. 1492 (149, 856. 86) 549 307,509.66 145, 632. 04 161, 877. 62 Do. 2. 1842 Alstead. 2.6101 193, 442. 34 4259) do.. (31,564. 72) 355 211,486 2. 8839 821, 390. 48 G. N. Draper. 415, 569.99 405, 820. 49 1.9189 2.5504 539, 373.89 6315) do. (133, 553. 40) .614 75, 471 4. 4331 334, 570. 49 148, 300. 52 186, 269. 97 Do.. 2.4681 Greenway M 3. 2005 241, 544. 94 do. 7324) (55, 274. 97)| .355 27, 299 3.3928 92,620. 05 53, 642.54 38, 977. 51 1. 4278 Do Lamberton. 2.2457 W. S. Moore. 61, 305. 36 8179) (22,327.85) 22, 454 .663 3.9600 88, 917. 84 44, 122. 11 44, 795. 73 1. 9950 2.9196 65, 556. 70 Hanna Iron. (.9246) (20, 760. 97) .280 59, 400 3.7450 222, 453.00 116, 721.00 105, 732. 00 1.7800 2.7450 Evergreen. 163, 053. 00 9650) 6, 832 (57, 321.00) .473 4. 8233 32, 952. 79 13, 424. 88 19, 527. 91 2.8583 4.9342 Pickands Mather. 33, 710.45 116, 110 (2.0759) (14, 182. 54) .372 4. 2684 495, 603. 92 228, 156. 15 267,447. 77 2.3034 6, 0346 700, 677.41 (3.7312) (433, 229.64) .970 NOTE. The Scranton and Columbia mines on original report shown as beneficiating mines, were transferred to direct group because of small tonnage beneficiated. NOTE.-Figures in parentheses indicate loss. 1 Net operating income is before provision for return on invested capital, depletion where mines are owned in fee and Federal taxes. Tax payments on ore reserves for mines not under production must be paid from operating revenue derived from mines that are under production. EXHIBIT S-22 Minnesota iron ore production for underground mines, based on 1948 occupation tax reports, adjusted to show true costs; also royalty and royally tax payments per ton UNDERGROUND DIRECT SHIPPING MINES WITH PROFITS BETWEEN $1 AND $0.30 (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) Vermillion.. 834, 540 $5. 1530 $4, 300, 384. 62 $1, 639, 871. 10 $2, 660, 513. 52 $3. 1880 $2. 5163 $2,099, 953. 00 $0.6717 $560, 560.52 $0.471 UNDERGROUND DIRECT SHIPPING MINES WITH PROFITS UNDER $0.30 AND WITH LOSSES UNDERGROUND-BENEFICIATED MINES WITH PROFITS UNDER 30 CENTS AND WITH LOSSES 1 Operating income is before provision for return on invested capital, depletion where mines are owned in fee, and Federal taxes. Tax payments on ore reserves for mines not under production must be paid from operating revenues derived from mines that are under production. NOTE.-Figures in parentheses indicate loss. |