Word: anacondas
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Copper was more costly in the U.S. last week than at any time since Anaconda. Kennecott and Phelps Dodge started grand-scale copper mining in the west where the Flathead, Ute and Apache once roamed. The Big Three U.S. copper companies boosted prices to 46? a lb., an increase of 30? since 1950. On the London market, which has been successfully snagging copper coveted by U.S. industry, the price shot...
COPPER PINCH will be eased by a large-scale U.S. mining expansion in Chile. In a $100 million program, Anaconda Copper will spend $53 million to get its newly discovered Indio Muerto mines into production, expects them to add 100,000 tons of refined copper to the free world's annual production. The company will also increase production another 55,000 tons at two present mines...
producer of electrical controls, was named president and chief executive officer, succeeding G. Stewart Crane, who was elected board chairman. Ryan was born in Anaconda, Mont., worked his way through Cornell University, joined Cutler-Hammer in 1920 as a student engineer...
...select group of four U.S. aluminum producers-Alcoa, Reynolds Metals, Kaiser and Anaconda-last week was joined by a fifth, the Harvey Machine Co. of Torrance, Calif. President Leo Harvey, who claims to be the biggest independent U.S. aluminum fabricator and has long wanted to produce his own raw material, signed a deal with the Government to build a $65 million, 54,000-ton-a-year aluminum plant at The Dalles...
...Drew Pearson dug up a scandal involving faulty ammunition allegedly made by Harvey in World War II (TIME, Oct. 1, 1951), the Government withdrew the loan, even though the charge was never proved. The Montana plant site and power supply that Harvey had lined up were taken over by Anaconda Aluminum Co., which opened a 60,000-ton plant there last month...