Word: coppers
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Dates: during 1970-1979
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...Allende's government is having with falling production, rising absenteeism and soaring wage demands at Chile's newly nationalized mines, Castro vigorously railed against troublemaking "demagogues" and "reactionaries" during a speech at a mine in Pedro de Valdivia. At Chuquicamata, the world's largest open-pit copper operation, he launched into a lecture on productivity. He thundered that "a hundred tons less per day means a loss of $36 mil lion a year...
...level, Allende hoped that the Cuban revolutionary's presence would sanctify his own efforts to tame Chile's obstreperous unions and mollify the extremists who want to turn the country into a pure socialist state overnight. With those elements, Castro certainly scored some points; one Chuquicamata copper miner enthusiastically told newsmen last week that "Fidel made us see the importance of our producing more. Now, we are all Fidelistas." But the visit also cost Allende some of his remaining good will among the Chilean political middle, which does not hold the Cuban dictator in particular esteem...
...will have constructed a $200 million mine and ore-processing plant. Others are not even that close to production. Alcoa is prospecting for bauxite in west Kalimantan and north Sumatra; N.V. Billiton Maatschappij of The Netherlands for tin off the shores of Bangka and southwest Kalimantan; and a Kennecott Copper Corp. subsidiary for all kinds of minerals in West Irian, central Java and Sumatra...
...Indonesia into an important producer of several materials for which the industrialized world could use an alternative source of supply. Canadian labor strikes in the past have caused highly inflationary shortages of nickel, for example, and the attitude of Chile's Marxist government threatens the stability of world copper production. Western nations also worry about the prospect of a shutdown of Mideast oil wells by Arab governments seeking more revenue. In newly stable Indonesia, the problems are merely finding the materials and bringing them to market...
...vast as the country itself, which ranks fifth in the world in population. There are 300 million acres of teak, sandalwood, ebony and other valuable timber, at least one-fortieth of the world's oil reserves under the soil and probably far more offshore, and unmeasured quantities of copper and nickel ore. Experts estimate that Ertsberg Mountain in West Irian, which is the Indonesian half of New Guinea, contains 33 million tons of copper, gold, silver and iron ore all by itself...