Word: copperizing
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...anniversary speech, Mobutu called the Congo "the rising star of Africa." With the mercenaries gone-they signed a pledge never again to fight in Africa-and the country on a more sensible course at least temporarily, the Congo finally has a chance. It is richer in natural resources-copper, tin, cobalt, industrial diamonds-than almost any other African nation. With the opportunity to exploit them in peace, it could become a model of prosperity rather than of chaos...
...boom has not been a one way ride on the gravy train for everybody. An increasing amount of time is being lost in strikes-most recently in the auto, steel-hauling and copper industries. Unemployment is down to 4.1%, from 7% at the beginning of the upsurge, but it has risen in the past year. On Wall Street, the stock market took a toboggan ride last week, with the Dow-Jones industrial average plummeting 31.56 points to a five-month low of 856.62. Though price increases had been held to 1.3% a year for nearly five years, they have averaged...
...Sukarno regime see a better economic climate under Suharto and are making plans to return. Among these are Goodyear Tire & Rubber Co. and Lever Bros. Others, enticed by a four-year tax holiday and easy repatriation of profits, are showing interest. The Freeport Sulphur Co. is prospecting for copper and stands ready to invest $75 million if sufficient ore is found. ITT has signed a $6,000,000 contract to build a satellite relay station near Djakarta...
...like feeding them opium. You have to keep giving larger doses. We didn't think we could face withdrawal symptoms." Accordingly, from gas and electricity production in the Canadian province of Alberta, International Utilities spread into ocean shipping, bus lines, demolition and salvage, steel fabrication, trucking and copper-silver mining. Revenues rose from $38 million in 1959 to $189.5 million last year; profits more than doubled to $15.7 million...
Project Sloop will cost an estimated $13 million, and could take 30 months from authorization through evaluation. If it works, technicians using nuclear devices as powerful as 100 kilotons may some day be able to process tens of millions of tons of ore containing copper that is now beyond man's grasp...