Word: kitimat
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...bleak Ungava, where only the rashest prospector ever ventured a decade ago, a new railway is thrusting through the wilderness to tap an iron-ore lode larger than the state of Connecticut, and perhaps as rich as the famed Mesabi Range in northern Minnesota. Above an Indian village named Kitimat, in the stony heights of British Columbia, engineers are damming half a dozen mountain lakes, creating a waterfall 15 times as high as Niagara, to power the world's biggest aluminum plant. In Northwestern Ontario, engineers are draining a 150-ft.-deep lake; when it is dry, they will...
...Aluminum Co. of Canada launched its $550 million Kitimat project in British Columbia, the biggest single industrial enterprise in the country. Work moved at a 24-hour-a-day pace on a ten-mile water tunnel through the Rockies, a 280-foot power dam, and the world's biggest aluminum mill to open in 1954. ¶ Iron Ore Co. of Canada got well under way on 360 miles of track through the wilderness of northern Quebec to its $200 million iron ore project in Ungava. ¶ A record $250 million was invested in exploration and development of Alberta...
Market Needed. Kitimat's position will enable Alcan to bring in bauxite and other raw materials by sea, and to ship out the finished aluminum. The nearby network of lakes and rivers will be dammed to form a 500-sq.-mi inland sea. Its waters will be drained off into two ten-mile tunnels through the mountains to produce an estimated 1,600,000 horsepower of cheap electricity for the Kitimat factory...
...agreement with British Columbia is only the first in a series of conditions that must be met before Alcan can get to work on the Kitimat plans. The agreement, under which the company will pay the province a fee (as yet undisclosed) for the water rights,, still has to be approved by the B.C. legislature. And Alcan must also have some assurance of a steady market for the aluminum that Kitimat will produce. That market will depend mainly on the outcome of Washington negotiations (TIME, Dec. 25), in which Alcan hopes to get a U.S. defense order that will guarantee...
...Kitimat project will be the most ambitious undertaking Alcan has tackled in the 48 years since the company was established in Canada. It will take five years to complete and will require more capital than Alcan's current total assets of $462 million. When finished, Kitimat will add 500,000 tons a year to Alcan's output...