Word: alumina
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...error regarding our activity in Cameroon. The aluminum plant belonging to the Compagnie Cam-erounaise de l'Aluminum Pechiney/Ugine is exclusively in the hands of French and Belgian shareholders [not shared with Olin-Mathieson]. On the other hand, Olin-Mathieson is an important shareholder of FRIA, which produces alumina from local bauxite in Guinea; other shareholders in the company, in addition to our French group, are English, German and Swiss producers...
...Guinea's ties with the French franc, announced Guinea henceforth would have its own currency which, by terms of his own decree, has no value in foreign trade. Dismayed, Shell, Texaco and Socony Mobil were mulling over whether it was worth it to stay. At the big Fria Alumina Works (48.5% owned by the U.S.'s Olin Mathieson Chemical Corp.), 300 European workers went on strike, halting production, seeking some guarantee that their paychecks would really be worth enough any more...