Word: coaling
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Dates: during 1980-1989
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...sanctions ban all new investments and bank loans to South African companies and prohibit the importation of uranium, coal, textiles, iron, steel, ammunition and agricultural products produced in South Africa. The law also establishes an embargo on the export of oil and munitions to that nation...
Among the provisions in the bill, which was passed by large majorities in both houses of Congress, are a ban on new public or private loans, investments or extensions of credit and an embargo on the import of South African uranium, coal, textiles, iron and steel, arms, ammunition, military vehicles, agricultural products and Krugerrand gold coins. The legislation would also prohibit the export to South Africa of crude oil, petroleum products, munitions, nuclear-energy equipment and computers, and cut off direct air travel between the two countries...
...Brussels, voted to ban new investments and halt the import of South African iron and steel and Krugerrands, as proposed at a summit in the Hague three months ago. But the foreign ministers rejected the most serious proposal of all, a ban on the import of South African coal, as a result of strenuous opposition from the West German government of Chancellor Helmut Kohl. That decision effectively reduced by two-thirds the impact of measures considered at the meeting...
...days after the Brussels meeting the Japanese announced a ban on South African steel and iron. But they did not cut off the import of coal and various strategic metals...
...declared in a speech in Johannesburg that those who propose sanctions, "with their stupid march of folly against my country, are playing into the hands of revolutionary forces and power-drunk cliques." But the Johannesburg stock exchange index hit a new high, as did the gold stocks index, and coal stocks jumped 10% to 20% following the news from Brussels. Many South Africans seemed ready to agree with the newspaper Business Day that "the fear of imminent disaster has now ) receded." That assessment could change, however, if the present will of the U.S. Congress prevails...