Word: chilean
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...present price headaches are caused mainly by a hangover from a four-year spree. As demand began to soar in 1954 in the worldwide boom, Chilean, African and U.S. producers boosted production and opened new mines. Copper supplies were still so short in 1956 (after a 43-day U.S. strike in 1955) that free market prices in London were bid up to 54.6?. "Now," says Kennecott's Cox, "automotive production is down and so are housing starts. Utilities have slowed their expansion programs. Those are our three biggest customers. And there was that price; when it climbed past...
Production Cuts. To bring production into line with current demand, nearly all the major producers have shut down some of their mines. Kennecott is cutting back its U.S. production by 12%. Anaconda has sliced its Chilean production 10%, after cutting its Nevada mine output 16%. Phelps Dodge recently announced a 9% cut at its Arizona properties, representing a cumulative decrease of 22% since October 1956. Two giant foreign producers, the Rhodesian Selection Trust and the Belgian Congo's Union Minière du Haut Katanga have also trimmed operations...
...tariff increase. While Phelps Dodge and Magma, which now mine only in the U.S., stand to benefit from a tariff boost, international miners such as Kennecott and Anaconda are in a different position. Their domestic mines would profit, but it would be at the expense of their Chilean operations, which produce 66% of Anaconda's copper and 32% of Kennecott...
Chile played host to a large contingent of eager Russians, including Playwright-Author (Days and Nights) Konstantin Simonov, a power in the Soviet Writers' Union; the Cultural Ministry's Latin American chief, Konstantin Chugonov; Neurologist Leonidas Koreisha; and the 18-man Dynamo soccer team. Dynamo lost its Chilean match 1-0, but the Simonov team scored by making agreements to exchange teachers with Chile, to send copies of all books printed by Moscow University in return for copies of a single Chilean literary magazine, to send the Moscow Dramatic Theater for a visit in 1959. "Gentlemen, make your...
...Chilean authorities promptly arrested Warden Salvador Mejias, a friendly fellow who was surprised a few months ago sharing a convivial meal with his Peronista prisoners. Watches were set on all roads and airfields, but Argentine officials were not hopeful. Said one gloomily: "Jorge's money can buy anything...