Word: deposite
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Four years ago, geologists for Queensland Mines Ltd. came across a tiny plot of ground in Australia's remote northern Nabarlek region that turned out to be the richest uranium deposit in the world. Assuming that mining rights could easily be obtained from the aboriginal owners, the Australian company quickly signed contracts to sell $60 million worth of ore to Japanese firms. What the mining executives failed to take into account was the aborigines' reluctance to disturb the green ants who live near the site...
...higher sums for mining rights. The bids started with a "good-will" tender of $7,425 in 1971; they have since grown to a package including $891,000 in cash plus a 3.75% royalty, totaling $13,619,000. The company is willing to invest so much because the uranium deposit is conservatively valued at $300 million. In a plot only 755 ft. by 33 ft., there are more than 443,000 tons of uranium ore -roughly 1% of the world's known supply. The ore contains 47.4 lbs. of uranium per ton, more than twice the percentage found...
...Place Mats. One of the most substantial of the new-old thematic restaurants is The Last National Bank Restaurant in Hartford, Conn., occupying a building that once housed the Hartford National Bank & Trust Co. Diners eat behind 30-ton vault doors-one room is lined with safe-deposit boxes. Ancient glass-covered safe doors serve as tables, wine lists arrive in zippered moneybags, and place mats are blown-up replicas of $1,000 bills. Checks are paid to a cashier appropriately ensconced behind a teller's window. A six-ton armored car drives through town as an advertisement...
...refute the charge. Rockefeller contributed $250,000 to the Nixon campaign that year with the stipulation, he said, that the money be spent only in New York state campaigns and only under supervision of Rockefeller associates. A telephoned tip to the White House, giving the location of a safe-deposit box supposedly containing copies of the documents, sent the Watergate Special Prosecutor's investigators scurrying, but the vault they were directed to proved to be empty. With that, the White House described the charges against Rockefeller as being "without foundation" and reiterated that Rocky was still very much "under...
...complex, 501-page Employee Benefit Security Act would create a Pension Benefit Guaranty Corp. (officers: the Secretaries of Labor, Treasury and Commerce) to insure pensions in much the same way that the Federal Deposit Insurance Corp. protects depositors in banks that go bust. With only a few exceptions, an employer who sets up a pension plan must buy insurance from the PBGC. If a company or its pension fund goes broke, the federal agency can pay up to $750 a month to the workers who were "vested"-that is, had gained rights that could not be forfeited even if they...