Word: coppers
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...cause from an old enemy. Faced with a grave fertilizer shortage that threatened famine and food shortages, Zambia's President Kenneth Kaunda reluctantly announced that he would reopen his country's border with Rhodesia to permit vital imports and to allow the rail shipment of Zambian copper to ports in South Africa and Mozambique...
...substandard and lower the price. Afghan natural gas is piped over the border. The Russians have craftily installed the meters on their side and pay for the gas at about one-third the world price by bartering low-grade gasoline. New proposals are being discussed to exploit huge Afghan copper and fluorite deposits on terms that one international expert likens to those for Cuban sugar; such deals could tie Afghanistan irrevocably to the Soviet Union...
...portfolio company has played a key role in bolstering South Africa's illegal presence in Namibia. According to its most recently published reports, Harvard owns more than $2.5 million worth of shares in AMAX, Inc., the U.S. mining multinational. AMAX, in turn, owns one-third of Tsumeb Corporation, the copper mining company that employs more African labor in Namibia than any other firm. In a recent annual report, AMAX bragged that Tsumeb has finally trained a few of its 5000 African workers to fill such semi-skilled posts as truck drivers and painters. A recently-uncovered report by South Africa...
...Namibian racial lines are drawn even more sharply; the living standard of blacks there is about half the poverty level of South African blacks. While a handful of white settlers and foreign nationals soak the territory for hundreds of millions in profits from the country's diamond, uranium and copper-rich land, most Africans continue to eke out a living through subsistence farming on the country's barren soil. A small number of blacks find employment in the market sector of the economy as unskilled mine workers. These workers are paid wages at about one half the poverty wage level...
Namibia--an arid land of little more than one million people--has emerged as a major Western supplier of a variety of scarce resources such as copper, silver, lead and diamonds. U.S.-owned mining operations alone account for more than 40 percent of the foreign investment in the territory. In the past three years, the West had embarked on a campaign to exploit Namibia's uranium resources, which represent an estimated five per cent of the total world supply. Overall, the rate of exploitation of Namibia's mineral wealth has accelerated in recent years, leading many Namibian nationalists to charge...