Word: brazilians
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Dates: during 1960-1969
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...crazy enough to risk his mandate by outspokenly opposing the government?" Only 117 Deputies and 18 Senators pledged themselves to the opposition-five short of the minimum. It took considerable backroom maneuvering before five selfless souls finally agreed to go over to the other side, which dubbed itself the Brazilian Democratic Movement. Said one politician: "We have our two-party system all right-the party of 'Yes,' and the party...
...attack on waste, inefficiency and inflation brought on a minor recession earlier this year. Yet by last week industrial production posted an estimated 4% overall gain for the year. Many Brazilians still gripe about this year's 45% rise in the cost of living, but businessmen give Campos a rousing cheer, and foreign investors are registering their votes with money. Alcoa is planning a $50 million aluminum project, Volkswagen is spending $100 million to double its 60,000-car annual production, and Ford is building a $30 million plant that will turn out all-Brazilian Galaxies...
...seven years Cleveland's Hanna Mining Co. has been marooned in frustration on top of some of the world's richest mountains of iron ore, unable to move more than a trickle of it onto the world market. Despite a contract with the Brazilian government empowering it to tap 300 million tons of high-grade ore that it owns in Minas Gerais state, Hanna has been harassed by a succession of political obstacles, is still battling a court decree annulling its mining rights. With the Brazilian economy as well as the climate for foreign investment improving...
...company, called M.B.R. (for Mineracaoes Brasileiras Reunidas), joins Hanna's St. John d'el Rey Mining Co. (which will have 49% control) to the iron-and manganese-ore properties of Brazilian Industrialist Augusto Antunes (51% control). Potentially the world's largest iron-ore company, M.B.R. plans to build a $60 million deep-water pier, an ore yard, a railroad link (and perhaps a pelletizing plant) on Sepetiba Bay, 60 miles south of the traffic-clogged port of Rio de Janeiro; it expects to step up exports from 2,000,000 to 10 million tons a year...
...wealth in natural resources, and so reduce its heavy dependence on coffee for export income. In a similar 51%-49% joint venture with Bethlehem Steel, he has not only built one of the world's most successful manganese mining operations, but has managed to avoid the attacks that Brazilian nationalists have made on other foreign interests. By pushing iron-ore exports, Antunes expects Brazil in time to earn enough abroad to import coal, and so become one of the world's major producers of steel...