Word: copper
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...buses; customers in Peru, Thailand, Turkey. Greece, Italy. Egypt borrowed funds ranging from $20 million down to $5,000 for everything from hospital equipment to coal-washing machines and textiles. The biggest private enterprise loan so far: $100 million last year to the U.S.-owned Southern Peru Copper Co. to develop the Toquepala deposit of critically short copper (TIME...
...COPPER SHORTAGE in the U.S. will be eased by Anaconda-at a price. From now on it will price its Chilean copper, which has been selling for 46? in the U.S., at the London level (53? last week). Anaconda, which has been shipping two-thirds of its Chilean output to Europe, expects to sell more in, the U.S. when the price is equalized. The Office of Defense Mobilization is also easing the shortage by postponing shipments of 36,000 tons of copper earmarked for delivery to the strategic stockpile by June...
...shade of a chilly, barren mountain called India Muerto (Dead Indian), 9,000 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...
...taking a discouraging 85% of taxable income. Then, last May, Chile voted a new tax law that takes 75% of taxable income at the present production rate, but drops as output rises, sinking to 50% when production is doubled. With new incentive, Anaconda's subsidiary, the Andes Copper Mining Co., drilled enough exploratory holes at Indio Muerto to block out 78 million tons of high-grade ore (1.6% copper...
...mine will go into production in four or five years, just in time to replace the company's dying Potrerillos mine. It thus promises not only to increase Chile's total output of about 450,000 tons of copper a year, but will head off an actual decrease. Out of satisfaction and relief, the company last week renamed the mine El Salvador-The Savior...