Word: bunker
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Dates: during 1950-1959
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Said Climax President Arthur H. Bunker: "Our plan is to be very active in uranium. The acquisition of property is continual...
...Risky Business. But Bunker, who knows that uranium is often a risky business, is not betting all his money on it. His company has set up a separate department of industrial development to invest in a whole new series of strategic metals. Climax owns thorium deposits in Colo rado, wants to expand into large-scale production of such other vital metals as nickel, cobalt and manganese, all needed for U.S. strategic stockpiles...
Payoff. With the help of the jet age, hustling President Bunker has managed to turn moly into a bonanza. When Bunker, who is considered one of the top U.S. authorities on raw materials, took over Climax in 1949, the company owned North America's biggest known supply of the metal, in Colorado, but had few buyers. Bunker, 58, went to Washington to argue that the U.S. was in poor shape for the heat-resistant alloy it needed for jet engines, persuaded the Government to start buying...
Korea proved Bunker right. When the U.S. started rearming, demand for moly soared. By 1951, production had doubled to 22 million lbs. a year and Climax was selling all it could mine. To catch up with demand, it has just completed a $35 million expansion at the moly mine in Colorado that will boost production another 55%, give Climax more than 70% of the world's total output...
...Minus One: French Commanding Colonel Christian de la Croix de Castries calls his staff to a bunker in the heart of Dienbienphu. Four Viet Minh Communist divisions-about 40,000 men -supplied for 113 days by ant lines of coolies, have completed buildup. They are ready to attack De Castries' isolated, 15,-ooo-man garrison. "Messieurs" says De Castries, "please stand by tomorrow...