Word: milling
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...move the economy beyond its present agricultural base. Tin, columbite (for jet-engine alloys) and coal are all being exported, but there is no money to develop the lead, zinc and iron ore that have been found in quantity. Abubakar dreams of building West Africa's first steel mill and a huge dam on the Niger. But the big hope is oil. After 25 years, Shell finally hit a gusher in 1956, figures the Niger Delta swamps contain reserves of perhaps one billion barrels...
...land, long-leased by Harvard from the Soledad Sugar Mill, was automatically nationalized earlier this year when the Cuban government took over the sugar property...
...that one of the most valuable investments they can make is a complete survey of a depressed area's facilities and natural resources. A geological survey of the area around Freedom, Ind. turned up the presence of gypsum; it took little urging to persuade a gypsum mine and mill to locate in the area. More and more depressed communities are setting up training programs to re-educate workers for new jobs. Pennsylvania spends $500,000 a year retraining unemployed workers. Though it costs about $140 to train one worker over a course of several weeks, the state figures that...
...Soft-spoken Chen Che Lee, 49, began operations in Hong Kong in 1946 with a small textile mill and 150 workers. Today his 5,000 employees work three shifts daily producing 150,000 pajamas and blouses a month. In 1956 he sold a million dollars worth of clothes in the U.S.; last year his American exports totaled $12 million...
...small, jovial Italian who came to China after World War I to sell airplanes and moved down to Hong Kong in 1948. On Calcina's desk stand 19 direct-line telephones to Hong Kong banks. A licensed gold bullion dealer, his investments range from financing a jute mill in South Viet Nam to a $532,000 loan to U.S. Lawyer Roy Cohn to help him acquire control of the Lionel Corp. (TIME, April 18). Living in the comfortable Repulse Bay Hotel, Calcina has an abhorrence of possessions, says of Hong Kong, "I don't want to own anything...