Word: open-pit
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...uphill fight is meant to be dramatic. It is one of two initial campaigns of the church's new Committee on Social Criteria for Investments, headed by Wall Street Lawyer Robert S. Potter. Another possible action, on which a report is due this week, is opposition to new open-pit mining operations in Puerto Rico by American Metal Climax and Kennecott, in which the national Episcopal Church office and local churches hold a combined $10 million in stock...
Conglomerate Miner. In 1959, the firm added "Mining" to its name in order to reflect newer operations that now account for 65% of its revenues. "Mining is our upward thrust," says Littlefield. The thrust started when Utah decided to adapt its earth-moving skills to open-pit mining projects. It has since become, in effect, a conglomerate miner...
...some of the participating companies. Under the program, the government will acquire a 51% interest in the U.S.'s Braden Copper Co. and a 25% interest in two other new mining ventures, including one that will expand operations at Chuquicamata, which is already the world's largest open-pit copper mine. Ultimately, Chile hopes to double production by 1970 to 1,200,000 tons a year and bring in an additional $300 million in foreign exchange...
Northern Minnesota's lake-strewn hills are Paul Bunyan country. Their open-pit iron mines were originally scooped, as all followers of legend know, to provide suitable shoes for Babe, Bunyan's Big Blue Ox. In recent years, another Bunyan, or another Babe, seemed needed to save Minnesota's fading mining industry. After a century of use, the 110-mile, Z-shaped Mesabi Range (Chippewa Indian for "sleeping giant") began running out of the rich ore that once was the base for 60% of all U.S. iron and steel production. The grey taconite rock in which...
...before it goes into effect, the deal will give the government a 51% interest in the U.S.'s Braden Copper Co. and a 25% interest in two new U.S. mining ventures, the most promising of which will extend operations at Chuquicamata, already the world's largest open-pit copper mine (TIME, Jan. 1). Nationalists and leftists in Congress are not likely to act on that presidential idea either. They accuse Frei of selling out to the Yanquis, and clamor for outright nationalization of the nearly $1 billion worth of U.S. copper interests in Chile...