Word: coppers
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...Your article "Nationalization in Zambia" [Aug. 22] brings out very clearly some of the dilemmas facing investors in that country in the light of President Kaunda's recent move in asking the owners of Zambian copper mines to negotiate the sale of 51% of their shares to the state...
However, you are unfair to the Zambian government when you state that "the final payoff could be delayed for decades" because, you state, the compensation proposed by the Zambians could not possibly exceed $5,000,000 a year from the two groups' sales of copper...
...before the vessel got stuck in the ice in the McClure Strait. The Manhattan broke loose 24 hours later and headed toward the Beaufort Sea. Should the Manhattan's voyage be successful, the way will then be clear to bring Alaska's wealth of iron, zinc, copper and sulphur readily to market as well...
...very high interest rates." Maybe so, but last week interest rates on short-term Government notes jumped to still another record high. Example: 6½% on a $356 million issue of New York State tax-free notes. The prices of many industrial materials-among them copper, nickel, steel pipe, chlorine and abrasive powders-also continued to inch upward, promising subsequent increases in the cost of the goods and services that consumers...
...than the cost of piping the oil from Prudhoe Bay to the ice-free southern Alaska port of Valdez for shipment to the Pacific Coast. This would not only make North Slope drilling practical and profitable, but would encourage development of Alaska's huge deposits of iron, sulfur, copper and other minerals. The Manhattan expedition could provide other benefits as well. By opening up the Northwest route for commercial shipping, it would cut the distance between New York and Tokyo by 3,320 miles and save shippers both time and money...