Word: caledonia
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...reef-related economy - including money spent by eco-tourists for diving, chartering boats and the like - resulted in a $4 billion industry and more than 35,000 jobs during a 12-month period. (See pictures of UNESCO's eight latest wonders of the natural world, including reefs in New Caledonia...
...those who crave more action, Abercrombie & Kent's 18-day Lost Islands of the Pacific tour (departing Feb. 16, 2009, and costing between $7,995 and $14,695; (www.abercrombiekent.co.uk) visits New Zealand, Norfolk Island, New Caledonia, Vanuatu and Fiji, taking in some of the world's most stunning landscapes - from mountain retreats to pristine beaches - and most glorious tropical reefs. Hedonistic globetrotters have never had it so good...
Postage stamps of odd shapes and sizes have been around for decades. The Pacific island nation of Tonga released coin- and star-shaped stamps in the 1960s and '70s; Sierra Leone once produced a kola nut-shaped offering; New Caledonia has had stamps shaped like turtles and other sea mammals. But these days odd shapes alone won't cut it, which is why national post offices and stamp manufacturers are coming up with new twists on the standard colorful squares and rectangles...
Vale's biggest deal came in October 2006 with its $18 billion purchase--in cash--of Inco, a Canadian firm with nickel assets across North America and as far away as the French territorial island of New Caledonia in the Pacific. The acquisition came just before nickel prices nearly tripled. Inco now accounts for about 40% of Vale's revenues, and gained the company important technology and highly skilled personnel. "It was a major step for us," says Tito Martins, executive director for corporate affairs and energy at Vale. More recently, Vale has made a play for Swiss miner Xstrata...
...enjoyed superb timing, but mining analyst John Tumazos says Vale's real edge is a willingness to explore the new mining frontier, in developing countries, years before the competition. "Things don't frighten them so much because they are used to ups and downs," Tumazos says. In New Caledonia, for example, Vale inherited a nickel project that had stalled because of concerns from residents. Vale flew some of the locals to the Amazon to show off its environmental stewardship; the project is now on track, along with 29 others in Mongolia, Mozambique, Gabon, Oman and Australia...