Word: coppers
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Dates: during 1960-1969
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Another plan that should be under way soon is a blue-sky dream of William Zeckendorf's Webb & Knapp Inc.-made practical by cheap power from Bonneville Dam and Stratmat's smelting process-to retrieve iron, copper and zinc from waste copper slag cast off by copper companies. A Webb & Knapp subsidiary, in which Stratmat is to have a minority interest, plans to build a mill in Montana and buy slag from Anaconda Co. at 25? a ton. The slag heap contains iron, copper and zinc ores worth an estimated $1.4 billion. Zeckendorf even hopes to sell...
...grade that blast furnaces cannot handle them, conditions them for the second step. This is a Udy-designed electric smelting furnace that finishes the job. The slag from the electric furnace can be put through a series of similar furnaces to draw off other metals such as chrome, copper, zinc and manganese. Thus, for the first time, a smeltery can work iron ore over with the same thoroughness that an oil refinery uses to squeeze every last product out of crude...
Still another tough man to deal with is Belgian-backed Moise Tshombe, who emerged from the Madagascar conference as the Congo's strongest man. But he must open his purse strings in copper-rich Katanga province if federation is to get afloat. Said Tshombe with a smile: "The others have five-sixths of the Congo's land. I have five-sixths of the Congo's money. I am willing to negotiate." Basic Dispute. And while the Congolese settled among themselves, there was still their basic dispute with...
Congo President Kasavubu, who had fought Tshombe's separatist demands for copper-rich Katanga, now was willing to accept them. The assembled dignitaries carved the new boundaries of the Congo along tribal lines. The city of Leopoldville woutd be a "neutral" capital, somewhat like Washington. D.C. There, Kasavubu would sit as first President of the confederation...
...Colombia each boasted increases of more than 20% in new U.S. investment last year. New private U.S. investments rose to $70 million in Argentina, an estimated $22 million in Colombia. Chile's share of U.S. investment in the Western Hemisphere has been climbing since 1958, and U.S.-owned copper companies alone plan to invest an additional $250 million there in the next four years. In Brazil, which has more U.S.-owned factory capacity than any other foreign nation save Canada or the United Kingdom, U.S. auto firms now have $122 million in capital equipment...