Word: katanga
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Rich & powerful in their far-flung mineral empire, the Brothers Guggenheim must have been glad to see last week behind them. Threatened in Chile by political agitation against their nitrate interests, in Manhattan, on their copper front, they faced the Belgian Congo's prolific Katanga. Nor were they alone in their fears of potent Union Miniere du Haut Katanga. Represented by Belgian Minister of State Emile Francqui and his cohorts, MM. Fernand Pisart & Camille Gutt, Katanga was forcing a hard bargain on a conference of the world's copper producers. Further curtailment of output to cut down...
...rubbers may have to rush out and buy some Bah Lias, Gula Kalump, or Linggi, while in teas he must know Budla Beta, Chargola, Jokai, Pabbojan. The mining list includes famed De Beers Diamond Mines, the Rand (gold), Johannesburg Consolidated Investments ("Johnnies"), Rio Tinto ("The Tinto"), Roan Antelope, Katanga, Mount Isa, Siamese...
Cheap copper has no terrors for the great Mid-African mines of the Union Minière du Haut Katanga, world's biggest producer. At the company's annual meeting in Brussels last week. President Jean Jadot stated that his company can make money on 8? or even 7½? copper. Katanga's 1930 earnings were 270,208,000 Belgian francs ($7,511,000), only about 6,000,000 francs down from the peak earnings of 1929. Elements in Katanga's strength are: tremendously rich ores; cheap native labor; big production of cobalt and radium (over...
...fought to buy and employes screamed out the prices at which deals were made. Favorite stocks on the Bourse include Banque de France; L'Air Liquide; Coty; Societe Anonyme Andre Citroen; Ford, Societe Anonyme Française; Compagnie Universelle du Canal Maritime de Suez; Union Miniere du Haut Katanga...
...year ago and 5,376 in April 1929, stocks of copper on hand in May showed the first gain in six months, jumping 8,781 tons. Further complications will come next year when three big African mines (Roan Antelope, Rhokana and N'Kana) start production. Katanga, big Belgian Congo producer, is now working and has curtailed 10% to cooperate with the U. S. producers. But last week reports said U. S. coppermen no longer regard Katanga as a threat, would rather compete than barter with...