EXHIBIT S-22 Minnesota iron ore production for underground mines, based on 1943 occupation tax reports, adjusted to show true costs; also royalty and royalty tax payments per ton UNDERGROUND DIRECT SHIPPING MINES WITH PROFITS BETWEEN $1 AND $0.30 D. M. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) Zenith. 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 under production must be paid from operating revenues derived from mines that are under production. 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 NOTE.-Figures in parentheses indicate loss. EXHIBIT S-23 Minnesota iron ore production for open pit mines, based on 1944 occupation tax reports adjusted to show true costs; also royalty and royalty tax payments per ton DIRECT SHIPPING MINES WITH NET OPERATING INCOME OVER $1 PER TON DIRECT SHIPPING MINES WITH NET OPERATING INCOME UNDER $0.30 AND WITH LOSSES Do Canton. do 67, 014 3.3994 227, 807.39 131, 736. 12 96, 071. 27 1.4336 1. 3332 89, 343.06 .1004 6, 728. 21 000 G. N. & D. M. Albany. Crete Mng. 303, 239 3.9397 1, 194, 670.69 596, 107. 23 598, 563. 46 1.9739 1.8941 574, 364. 99 .0798 24, 198. 47 6264 G. N. Longyear. Inter-State Iron. 322, 924 3.8819 1,253, 558. 68 634, 804. 00 618, 754. 68 1.9161 1.8793 606, 871. 07 .0368 11, 883. 60 4819 Do. Norpac... Hanna Ore Min 139, 509 3.737 521, 345. 13 274, 246. 79 247, 098. 34 1.7712 1.7488 243, 973. 34 .0224 3, 125.00 .2763 48, 855. 73 (.0312) (821.90) .4403 D. M. Schley. No. Range Min 84,008 3.9767 334, 074. 61 165, 142. 93 168, 931. 68 2.0109 2.0660 173, 560. 53 (.0551) (4,628.84) .3315 2,846, 818. 41| (. 1299) (165, 666, 93) .5666 91, 693. 61 2.6172 2.8215 98,851. 25 (.2043) (7, 157.65) 1.0361 G. N. Do. Alice. Evergreen Mines] 94, 593 3.3975 321, 379. 72 185,950. 92 135, 428. 80 1.4317 1.7845 168, 801. 21 (.3528) (33, 372. 41) .4938 Inland Steel.. 395, 550 2.9993 1, 186, 373. 12 777, 572. 19 408, 800.93 1.0335 1.5862 627, 421. 41 (.5527) (218, 620. 49) 3770 Oliver Iron... 274, 837 4. 5429 1, 248, 557. 01 540, 274. 57 708, 282. 44 2. 5771 3.7358 1,026, 736. 06 (1.1587) (318, 453. 63) 4808 Hartley Burt Iron Chief. do.. do. 2, 372 2,323 4.4789] 10, 623.95 4, 662. 88 5, 961. 07 2. 5131 11. 3647 26, 957.07 (8.8516) (20, 996.00) 2763 4.3965 10, 213. 07 4,566, 55 5, 646. 52 2. 4307 16. 9278 39, 323. 28 (14. 4971) (33, 676.76) 000 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 revenues derived from mines that are under production. NOTE.-Figures in parentheses indicate loss. EXHIBIT S-24 Minnesota iron ore production for open pit mines based on 1944 occupation tax reports adjusted to show true costs; also royalty and roytalty tax payments per ton BENEFICIATING MINES WITH NET OPERATING INCOME BETWEEN $1 AND $0.30 4.6588 ing. Patrick Loc. Butler Bros. 1,060, 185 4.5880 4,864, 128.78 Oliver Iron.. 849, 174 4. 4022 3, 738, 233. 78 2,084, 111. 67 1, 669, 306. 25 Mississippi Hanna Ore.---- 916, 524 4. 4360 4,065, 700. 46 1,801, 702. 88 2, 263, 997. 58 2.4702 1.9214 1,761, 009. 21 .5488 502, 988. 37 .6871 Group. Do. Draper An Hanna Iron Ore. 486, 450 4. 6310 2,252, 749. 95 956, 263. 41 1,296, 486. 54 2.6652 2. 1199 1,031, 225. 36 .5453 265, 261. 19 .8641 |