Word: ertsberg
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...outside world is another matter, and in most cases the payoff is years away. Freeport Indonesia Inc., a subsidiary of U.S.-owned Freeport Minerals Co., must finish a 70-mile highway over rugged mountains and through jungle-choked valleys before it can begin exporting ore from its Ertsberg mining site in 1973. P.T. International Nickel Indonesia, a subsidiary of International Nickel Co., of Canada, last June reported finding "significant" nickel deposits on the island of Sulawesi but does not expect to begin production before 1975. By then it will have constructed a $200 million mine and ore-processing plant. Others...
...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...
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