Word: copperizing
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Katanga was not just another province. As then constituted, it produced two thirds of the world's cobalt and was the fifth largest producer of copper; it was an important source of uranium and industrial diamonds; it provided sixty per cent of the Congo's income...
...fanatical Lumpa cultists (TiME, Aug. 7), in which 650 people thus far have been shot or chopped to death and 150 villages burned to the ground, Zambia's future looks comparatively bright. One reason is that Zambia contains nearly a fourth of the world's known copper reserves, and her mines are heading for a $400 million production year, providing 68% of the gross domestic product. The chief economic problem is the desperate shortage of skilled African manpower...
...served notice that he wants a bigger slice of the profits fattening the British and U.S.-owned copper companies, but has no intention of nationalizing them. In foreign affairs, he subscribes to "positive neutrality," which means he wants to be friends equally with the West, the Soviet Union and Communist China. At the same time, he is helping an assortment of black revolutionaries, including some from Mozambique, where rebel bands have been fighting Portuguese troops since September...
...their chief argument is that Culligan's interest in editorial salvage work has waned, particularly since the discovery of a rich copper-ore body in Ontario, adjacent to a Curtis holding of timberland. Since then, Culligan has filled the role of prospector with enthusiasm. Texas Gulf Sulphur, which made the discovery, has promised Curtis a mere 10% of the net profit in mining Curtis' acres-if and when they are ever mined. Buoyed in part by the blue-sky possibilities in Ontario, Curtis stock rose to a high of 191, has since settled in the vicinity...
Inflationary Flutters. Such strong demand is added temptation for the steel makers to post a long-sought price hike after the election-especially when fears of inflation do not seem to be deterring other industries from raising prices. In the past few weeks, prices have increased for copper, zinc, tin, chemicals, paper and rubber. Viewing all this, and perhaps anxious to test a harbinger of overall rise, U.S. Steel and Inland Steel last week increased by 17% the price of the reinforcing bars widely used in construction...