Word: chuquicamata
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Dates: during 1950-1959
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...feet up in the northern Chilean Andes, lies the world's newest major find of copper ore. The discovery, says Roy H. Glover, board chairman of Anaconda Co., "is the greatest and most important development in copper mining in Chile since the initiation in 1914 of Chuquicamata" -and famed Chuquicamata is the world's biggest copper ore body. Last week Chile's President Carlos Ibañez gave Anaconda* an official go-ahead to spend $53 million toward making Indio Muerto an active producer for the booming international copper market...
...Mont., representing among others Montana Power, Great Northern Railway, Anaconda. He joined Anaconda's legal department full time in 1943, and within eight years was general counsel and a vice president. Recently, Glover skillfully helped resolve thorny difficulties over taxes and exchange rates with Chile, where Anaconda mines Chuquicamata, the world's greatest single copper ore body, winning considerable financial relief for the company, and Chile's Order of Merit for himself. By company rule, Glover may serve four more years before reaching the compulsory retirement age of 68, can continue thereafter at the board...