Word: coal
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Dates: during 1960-1969
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...ruinous to the land is strip min ing for coal, Kentucky's most profit able product, that huge swaths of the Bluegrass State might be mistaken for the moon. Both boon and bane, strip mining gouges out a third of Ken tucky's coal production, which last year reached 93 million tons worth some $500 million. The strip miners use bull dozers to flay great strips off the sur face and get at the veins beneath. This scars Appalachia's hills and flatlands with ugly detritus called overburden or spoil. As the spoil shifts and slides...
...labor leaders meeting in Florida last week were moaning over the lag in buying power brought on by the rising cost of living. They made it clear that they are looking for fat settlements in 1968, when contracts expire in such major industries as aluminum, aerospace, rail, telephone, shipping, coal mining, and-inevitably-steel...
...more recent mistake was to invest $100 million in a new rolling mill that exceeds Salzgitter's steel capacity. Thus the company has to purchase semifinished steel from the Ruhr to use the mill economically. As Germany's largest producer of iron ore and ships, fourth largest coal producer, and seventh largest steelmaker, Salzgitter is in just about every problem industry in Germany. "The only thing we are missing to complete the whole scale of weak industries would be a textile plant," says Wolfram Langer, 51, State Secretary for the Treasury and new chairman of Salzgitter...
Still Trying. So far, the program includes seeking out partners for Salzgitter's coal, steel and iron-ore production in the private sector. Two new oxygen steel converters are to be built at a cost of $9,000,000 each to restore a balance between steel and rolling-mill capacities. The merger of Salzgitter's shipyards, Howaldtswerke of Kiel and Hamburg, with Deutsche Werft, a private shipbuilder, into a vast enterprise with combined sales of $200 million will take place Jan. 1. Büssing will cut its labor force by 2,000, and has been ordered...
Wide Appeal. Jenkins is a practical socialist whose views do not differ widely from Callaghan's. He is a firm backer of Britain's entry into the Common Market, favors some relaxation of government controls and greater tax incentives for industry. The son of a coal miner who was a Labor M.P., he went to Oxford not on a scholarship but on his father's earnings...