Word: liberia
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Brand-New City. The financial genius behind Nimba is Swedish Financier Marcus Wallenberg, 64 (TIME, June 7), who saw the opportunities in Liberia and knitted together half a dozen Swedish mining companies and U.S. and German financial interests into a complex consortium called LAMCO-Libe-rian American-Swedish Minerals Co. LAMCO dispatched Geologist Clark to Nimba when almost everyone else in Liberia was searching elsewhere for iron. After Clark's discovery, President William Tubman's government gave the company exemption from taxes and a mining concession until 2023 in return for half ownership of LAMCO. A substantial junior...
...local tribesmen have long avoided fog-shrouded Mount Nimba in Western Liberia as a spot inhabited by duwa -the sinister "little people" who have old men's faces and feet that turn backward. But Scottish Geologist Sandy Clark, a more prosaic fellow, found no such world of spirits when he scaled Nimba eight years ago. He found something almost as extraordinary: "a world of iron ore"-one of the largest reserves of high-grade ore (at least 260 million tons) ever discovered...
...Altogether Honeywell has installed some 1,000 such units, including two in Manhattan's massive Chase Manhattan Bank building. Last week the company signed a $100,000 contract for a distant and unusual control project: a centrally controlled heating and air-conditioning system for the humid mansion of Liberia's President William Tubman...
...Never before had so many leaders of Africa sat down in the same place at the same time, and their proud host, the aging (70) Ethiopian Emperor, was out at the airport in person with his green-and-black Rolls-Royce to greet many of his illustrious guests, including Liberia's President William V. Shadrach Tubman, who arrived five days early so as to squeeze in a state visit...
...permanent secretariat, council and program for economic cooperation. Such a grouping might help heal the rifts among the continent's current rival blocs-chief among them the left-leaning Casablanca group (Ghana, Guinea, Mali, Morocco, Algeria, Egypt), and the more moderate Monrovia group, now composed of Nigeria, Liberia, Sierra Leone, Ethiopia, the former Belgian Congo, and most of the former French dependencies...