Word: ferronickel
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...badly faltering economy. Like his predecessor, Antonio Guzmán Fernández, he faces an economy burdened with sharply higher oil costs (from $60 million in 1977 to an estimated $600 million this year) and depressed prices for such export commodities as sugar, gold, coffee and ferronickel. Almost half of the Dominican work force is either unemployed or underemployed...
...producing facilities in Cuba and a $100 million refinery in Louisiana. Freeport's facilities will produce 50 million Ibs. of nickel annually, of which the U.S. will have the right to take up to 30% for stockpiling. The U.S. also contracted with M.A. Hanna Co. (to open a ferronickel mine in Riddle, Ore., which is now producing 11 million Ibs. a year) and with Canada's Falconbridge...
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