Word: minerals
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...time metals reach electronics companies, they may have changed hands as many as seven times. This means that without a clear supply history, when a consumer sets her cell phone to vibrate, a function enabled through the mineral wolframite, it is virtually impossible for her to know whether she is using wolframite mined in the eastern DRC, the site of horrific fighting and killing. More than 5 million people have been killed since the conflict began in 1996, some through direct abuse, others through the political and economic chaos that the conflict has created. Armed groups frequently force civilians...
Stock was a dead man. And he didn't even know it yet. Over the next 10 days, I smoked chickens, ducks, brisket, pheasant and, most delectable of all, ribs. I had lungs like a coal miner's but continued to smoke anything I could find. I almost threw my wife's little dog in there...
...Other countries in the region are made uneasy by China's thirst for resources. Last month, the Australian government rejected a $1.8 billion bid by Chinese mining company Minmetals to acquire debt-ridden OZ Minerals, the world's second-biggest zinc miner, due to national security concerns. OZ Minerals has operations near Australia's Woomera weapons testing site...
...purchase any Chinese company has ever made. In late February, Hunan Valin Iron & Steel Group of China purchased a $771 million stake in the Australian iron-ore exporter Fortescue Metals Group. And China Minmetals, another state-owned firm, offered to pay $1.2 billion in cash for Australia-based Oz Minerals, the world's second largest zinc miner. "These [Chinese] companies know this slump, while deep, will not last forever," says Xu Minle, a Shanghai-based analyst at BOC International. "China is now making strategic investments overseas at a comparatively lower cost...
...invest $19.5 billion in Rio Tinto, one of the world's largest mining companies. If completed the deal would be the biggest foreign purchase any Chinese company has ever made. China Minmetals, another state-owned firm, said it would pay $1.7 billion in cash for Australia-based Oz Minerals, the world's second largest zinc miner. On Feb. 23, Hunan Valin Iron & Steel Group of China purchased a $771 million stake in Australian iron-ore exporter Fortescue Metals Group...