Word: coppers
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Dates: during 1960-1969
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...Gizenga, who almost made Eastern Province a Communist preserve last year, and zany "King" Albert Kalonji of South Kasai. But Adoula still has not rid himself of the biggest headache of all, stubborn President Moise Tshombe of Katanga Province, who has a firm grip on the Congo's copper-rich southeast corner and refuses to share its $50 million annual revenue with the rest of the nation...
Lord and Lady Randolph Churchill often stayed there with "Copper Top," as Rosa called young Winston. Other cherished guests were Lord Northcliffe, General Kitchener and the Duke of Windsor, upper bohemians such as Ellen Terry, G. B. Shaw, Isadora Duncan, Artists John Singer Sargent and Augustus John (who both painted Rosa), and "all the American aristocrats...
Nine years ago, when Northern Rhodesia, Southern Rhodesia and Nyasaland united to form the Central African Federation, this new Commonwealth nation looked good to foreign capital. Lured primarily by the riches of Northern Rhodesia's famed Copper Belt (current production: 600,000 tons a year), U.S. and European companies swarmed in to throw up everything from oil refineries to auto assembly plants. Before long, the federation's sprawling capital of Salisbury, a city about the size of El Paso, began to enjoy a wild building boom...
Today, 20% of the office space in Salisbury is vacant, and only by imposing rigid exchange controls has the federation government managed to avert a crippling flight of capital. On the London Stock Exchange, shares in Rhodesian Selection Trust, one of the titans of the Copper Belt, have dropped from 37 shillings to 25-despite the fact that they pay an 18% annual dividend...
...Holdouts. For most investors, Rhodesian and foreign alike, all this makes Central Africa seem a bad risk. But one important group is holding out against the tide of pessimism: the three great companies that dominate the Copper Belt and have a stake of $850 million to defend in Northern Rhodesia...