Word: katanga
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Transportation facilities are rapidly being created in the "Dark Continent." The Cape-to-Cairo route of about 5,000 miles by rail and water lacks only 300 miles of railway line. Also, the Benguella railway line from the Katanga copper fields to the African west coast is largely completed, and the unfinished portion is being steadily lessened. Altogether there are 23,000 miles of existing railway mileage in Africa, which provide freight as well as passenger facilities. More and more African railways are used for commerce; in the beginning they were patronized mainly by travelers...
Already there are large amounts of U. S. capital invested in Africa, principally in the Katanga copper mines and the new Congo diamond fields. Yet for several years the shares of the Rand gold mines and the De Beers diamond mines have been listed in the New York Stock Exchange...
...chief drawbacks to the rapid development of the Katanga properties consist in transportation and labor. A labor shortage in Central Africa is slowing up the completion of the Benguella R. R., the future outlet for the mines to the seacoast...
...meeting of the Tanganyika Concessions Co. in London, recently, produced considerable valuable information about the future of the Katanga Copper Co. of Africa...
...Katanga copper belt extends east and west for about 250 miles. Hitherto only the easiest veins in this extensive ore body have been mined. Last year, 85,000 tons of copper were produced. But the Company expects to see an output of 160,000 tons by 1928, and ultimately an annual production of between 300,000 and 400,000 tons. To a large extent, the Company's executives believe that the production from Katanga will be cheaper in cost than any other mines in the world, and consequently able to sell on a profitable basis at all times...