Word: copperizing
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...Among them: A binding commitment to "index," or link, the price of commodities to the price of industrial goods, and an endorsement of a "new international economic order." In turn, the U.S. and other industrial states dropped their opposition to possible price-stabilizing agreements by producers of commodities like copper...
...secessionists argue that their island has stronger ethnic and geographic ties to the nearby Solomons, a British protectorate, than to New Guinea. A break with Bougainville would cripple the new country; the island is the site of Papua New Guinea's one large industrial enterprise, an immense opencut copper mine that last year generated upwards of $120 million in taxes and royalties-fully half the country's internal revenue...
Eminent Domain. Butte was originally settled by gold prospectors, but it owes its development-and recent decline-to copper. In 1882, a prospector named Marcus Daly found a 5-ft. vein of 30% pure copper ore while searching for silver. Daly's discovery touched off a wild scramble for the precious ore, which was eventually won by Anaconda. By 1910, the company owned the rights to the minerals underlying 90% of the city. It also held the right of eminent domain, which allows it to buy up any sur face property that stands in the way of its operations...
...years, mining brought prosperity to Butte. Employment was high, amenities abundant; because of the availability of copper wire, most houses in Butte had electricity by 1890. But the cost was high. Pollution fouled streams and scarred mountainsides. By the mid-1940s, Butte's high-grade ore thinned out, forcing the company to increasingly undermine the town in its search for copper. By 1955, when the decreasing quality of the ore made even those operations uneconomical, Anaconda turned to cheaper open-pit mining...
...Measures to "promote the efficiency, growth and stability" of commodity markets by establishing a "consumer-producer forum" for every key commodity, starting with copper. Kissinger emphasized, however, that the U.S. opposed price fixing for it would "distort the market, restrict production and waste resources for everybody...