Word: copperizing
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After 39 years with Kennecott Copper Corp., E. Tappan Stannard, 66, decided to retire. He had joined Kennecott in 1911 as a mining engineer in Chile, risen to general manager of Kennecott's Alaska mines five years later, and moved into the presidency in 1933. Under him, Kennecott, biggest copper producer in the U.S., boosted sales from $50 million to $350 million a year...
...spend $10 million to help develop gold mines in Africa, they picked Arthur Storke, 54, a mining man with an African background. Storke had trotted the globe and risen to the presidency of Climax Molybdenum Corp. He was an operating director of South Africa's Roan Antelope Copper Mines, Ltd., and of Rhodesian Selection Trust, Ltd.; during World War II, as minerals adviser to Britain's Ministry of Supply, he expedited mining operations in South Africa...
...Laurent is Prime Minister of one of the world's richest nations. Canada (pop. 13,000,000) leads the world in production of newsprint, nickel and asbestos; stands second in wheat exports, aluminum and zinc; third in copper, gold & silver mining. The hemisphere's richest uranium mine is in the Canadian North. The vast iron-ore deposits in Labrador and Quebec can replace the dwindling U.S. Mesabi range as the mainstay of U.S. steelmaking. New oilfields in Alberta are already compared to the fabulous wells of west Texas...
...week's end, Gonzalez faced what he called another Communist attempt to oust his government. At the undersea coal mines at Lota, south of Santiago, hundreds of strikers (according to official reports) tried to seize the mines. There were also walkouts in the nitrate and copper mines of northern Chile. Again moving quickly, Gonzalez sent armed forces into six strike-hit provinces with orders to take over mines and communications and isolate the strike areas...
...prime commodities, copper and lead, which had taken a severe price shellacking as manufacturers lived off their inventories, made a comeback. Last week, as manufacturers began buying again, the price of both copper and lead rose 1? a lb. Nobody wanted to see them reach their recent inflated levels, but it was a healthy fact that the buyers' strike had stopped...