Word: copper
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Dates: during 1970-1979
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...contain gigantic amounts of petroleum, but up to now the cost of extracting it has not been justified by the price. Some of the Sisters have moved heavily into metals, a field in which their geologists have considerable expertise. Shell produced and sold $1.2 billion worth of aluminum, copper, zinc and nickel last year, enough to rank it among the top 100 firms on the FORTUNE 500 index even...
...fact that all are wealthy also helped. Newman is president of Electra Flyer Corp., one of America's largest hang-glider manufacturing companies. Abruzzo is a land developer who is also president of the Sandia Peak Ski Co. He and Anderson, the president of a uranium and copper mining company, have been ballooning together for years and have had their share of adventures-once clearing Pikes Peak by just...
...gave a damn about the Ogaden desert, but Shaba copper is something else. Now we have a new policy toward Africa: limited Viet...
...start, the group will raise $100 million to cover the next three months, with $40 million of this amount contributed by the U.S. That may be just the beginning. Bankrupt Zaïre's debts already approach $3 billion, and its chief sources of foreign revenue, the copper and cobalt mines of Shaba, may be shut off for several months as a result of the recent fighting...
...strategy of befriending black nationalist leaders on the way to furthering his business interests. It paid off: Lonrho's holdings now include an estimated 1 million acres of Rhodesian land and substantial concessions, sugar and tea plantations in Malawi, textile mills in the Ivory Coast, newspapers, copper mines and breweries in Zambia, coal, platinum and copper mines in South Africa, and the continent's largest auto dealership (selling, in addition to Mercedes, Ford and Toyota cars). The company has diversified far beyond Africa, employing 100,000 people in 600 subsidiaries in 43 countries...