Word: indio
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Dates: during 1950-1959
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FLOYD B. ODLUM Indio, Calif...
...indio-cowboys have a fantastic and savage leader in Captain Galdino Ferreira, a sort of jungle-boy Long John Silver, who can do without money, but not without violence. So the Cangaceiros have plenty of violence, most of it superfluous and therefore especially appealing. The good folk have a fairly hard time of it; in fact, they are almost invariably killed, or branded. And to heap indignity upon extinction, they are not even allowed the social graces of the Cangaceiros, who are tricked out in the fanciest rigs since Desiree (Napoleonic pampa hats and costume, bejeweled cartridge belts...
...most important development in copper mining in Chile since the initiation in 1914 of Chuquicamata" -and famed Chuquicamata is the world's biggest copper ore body. Last week Chile's President Carlos Ibañez gave Anaconda* an official go-ahead to spend $53 million toward making Indio Muerto an active producer for the booming international copper market...
...Indio Muerto was explored and found promising four years ago. Anaconda quietly bought it, but felt little incentive to mine it: the Chilean government was taking a discouraging 85% of taxable income. Then, last May, Chile voted a new tax law that takes 75% of taxable income at the present production rate, but drops as output rises, sinking to 50% when production is doubled. With new incentive, Anaconda's subsidiary, the Andes Copper Mining Co., drilled enough exploratory holes at Indio Muerto to block out 78 million tons of high-grade ore (1.6% copper...
COPPER PINCH will be eased by a large-scale U.S. mining expansion in Chile. In a $100 million program, Anaconda Copper will spend $53 million to get its newly discovered Indio Muerto mines into production, expects them to add 100,000 tons of refined copper to the free world's annual production. The company will also increase production another 55,000 tons at two present mines...