Word: coppers
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...fast will Allende move? Most observers think that he will lose no time nationalizing the banks and the American copper interests. A prime target is the $200 million investment of the Anaconda Co. In the beginning, the firm resisted Frei's "Chileanization" program (51% government ownership) and has been slower than other copper companies to train Chileans for top jobs. Not far behind will be the Kennecott Copper Corp., with an $80 million interest in El Teniente, the world's largest underground copper mine; Cerro Corp., with $15 million in copper investments; and ITT, with $200 million or more...
Some foreigners argue that the Chileans will never be able to run the mines on their own, but copper men disagree. Says a U.S. executive: "We've spent 15 years and millions of dollars training them to run the copper mines. They can do it.'' The number of American personnel is small, in any case. Kennecott, for example, has only seven Americans in its management. The mining supervisor of the giant El Teniente is a 36-year-old Chilean named Pedro Campino. The Chileans are afraid, however, of losing their native managers and technicians to other countries, and hence Allende...
...Andes on one side and the Pacific on the other. Direct action is out, and the U.S. has little indirect leverage to apply. Cut off aid? This year's total, $2,500,000 in loans, would scarcely be missed. Tighten the economic screws? Chile sells little of its copper in the U.S.: 90% of it goes to Japan and Western Europe. In the end, says Sol Linowitz, former U.S. ambassador to the Organization of American States, "the U.S. role in this entirely Chilean affair is to keep hands off-entirely." After all, Linowitz notes, "Chile is in this hemisphere...
Scientists seeking ways to fight the disease are now experimenting with fungicides derived from petroleum. Other fungicides, containing copper-sulfate solution, have already been used successfully in Africa, but they are usually too costly for the small grower. There is an added expense: because the fungus clings to the undersides of the leaves, safe from aerial attacks, the spraying must be done by hand...
...turn his capital of Lusaka into a place fit not only for a king, but also for an emperor, three princes, an archbishop, 14 presidents, eight prime ministers and other assorted representatives from a grand total of 54 states. In little more than four months, the leader of the copper-mining country of 4,000,000 did just that. At a cost of $10.4 million, Kaunda erected a sprawling village complete with broad boulevards, 62 villas (each with swimming pool) and a huge hall capable of seating 1,500 delegates...