Word: brazil
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Dates: during 1960-1969
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...ICOMI owns the exclusive rights to one of the world's biggest known reserves of manganese ore, discovered in the Amazon Basin in 1946. By careful planning, efficient management and plain luck, it has not only launched a highly successful mining operation but completely avoided the abuse that Brazil's ultranationalists have heaped on other mining firms that have foreign interests...
ICOMI has been so successful, in fact, that it is beginning to make its presence felt all over Brazil. It recently joined with Sweden's SKF to build a ball bearing plant near São Paulo, is making plans to expand into the sugar, plywood and palm-oil businesses. With world manganese prices once more moving up after a slump, ICOMI expects soon to have even more money for seed capital and diversification...
...matted green jungles of Brazil's primitive Amazon valley territory of Amapá sits a surprising little town. With its broad, paved streets, ranch-style houses, well-stocked supermarket and air-conditioned club, it looks more like a suburb of New York or Los Angeles than a settlement in the wilderness. It is the town of Serra do Navio (pop. 2,200), and it is run by a company that has become a Latin American model of profitable cooperation between local and foreign capital...
...business or nothing at all. Finally, in 1949, Bethlehem Steel agreed to supply Antunes with financing and technical know-how in return for a minority interest. The arrangement has proved so successful that it has been imitated of ten by other mining, oil and industrial companies getting started in Brazil...
Died. Thor Thors, 61, Iceland's ruddy, affable diplomat of all work, delegate to the U.N., Ambassador to the U.S., Argentina, Brazil, Mexico and Canada, Minister to Cuba, and foremost salesman of home-grown codfish, who, whenever fellow diplomats asked how come so many jobs, smilingly replied: "My country cannot afford more ambassadors": of internal hemorrhaging two weeks after the death of Brother Olafur Thors, Iceland's five-time Prime Minister and leading statesman; in Washington...