Word: consortiums
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...rush to exploit new or neglected energy sources is transforming the ranching economy of the whole Rocky Mountain region. In Montana, a $700 million electric generating complex is being built to convert local coal into power for the Pacific Northwest. In Colorado, a consortium of twelve companies is experimenting with ways to tap the oil and gas held in the state's vast shale deposits. In Utah, the leasing of shale lands has pumped $120 million into the state's coffers. But it is in Wyoming, where the antelope still play beside highways, that the changes are most...
...endless shootouts and wind up with most of the estimated $150 million that global sales of Colombian emeralds generate each year. Fed up, the government closed most of its money-losing mines last year and invited bids for concessions to operate its richest deposits. Not one company or consortium would touch the offer with a ten-foot pick, even though world demand for emerald jewelry has grown voracious...
Despite these setbacks, however, Europe's planemakers are at last seeing a patch or two of blue sky. Last week the wide-bodied A300B airbus, made by a Paris-based multinational consortium called Airbus Industrie, went into commercial service on Air France between Paris and London. This week the ambitious MRCA (multirole combat aircraft), a joint project of Britain, West Germany and Italy, is scheduled to make its maiden flight in the skies above Munich. Both promise to offer stiff competition for American planemakers...
...Instead, U.S. aircraft companies simply revised existing designs.) Yet even with the A300B, the MRCA and many other entries by the British, the West Germans and even the Soviets, there is a feeling that the European industry is in need of organizational streamlining. Airbus Industrie, for example, is a consortium of companies in Britain, West Germany, The Netherlands, Spain and France. Each company builds components that are shipped to the Aérospatiale center in Toulouse, where they are finally assembled. The MRCA is built by Panavia of Munich, jointly owned by the British, West Germans and Italians...
...Consortium officials will answer those objections in another application to be filed by next fall. Hearings will probably be held in both countries next year, and neither government is expected to make a decision much before...