Word: millions
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Dates: during 1960-1969
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...million contract for construction of the dam has been awarded to an international consortium led by the Oppenheimer's huge Anglo American Corp. of South Africa. The group also includes Siemens and Telefunken of West Germany, Compagnie de Constructions Internationales of France, plus Swedish and South African firms.* Financing will be entirely through foreign credits and loans arranged by the consortium. Part of the money will be spent on a new seaport at Cuama, on the Indian Ocean at the mouth of the Zambezi, which will be capable of handling 40,000-ton freighters. More millions will go toward...
Even at the painful cost of $200 million a year to its balance of payments, Britain has long accepted its role as one of the world's foremost aluminum importers. The high price of the electric power required for aluminum smelting has kept British manufacturing down to an insignificant annual 39,000 short tons of ingots, less than 10% of the country's needs...
...domestic aluminum industry. British Aluminium Co. .(partly owned by Reynolds Metals of the U.S.) and the British mining concern, Rio Tinto-Zinc Corp., received the go-ahead to build two smelting plants. They are expected to produce an annual 224,000 tons of ingots by 1971 and save $100 million a year on imports...
Cheap Power. Key to the state-sponsored scheme is a special deal to pro vide the plants with cheap power. Each company will build its own smelter and invest jointly with the government in a power plant. The government will contribute 30-year loans totaling $149 million to cover the investment in the power stations and will charge the companies special low rates for the electricity they...
...Tinto will build its 112,000-ton smelter on the Welsh island of Anglesey at Holyhead. As the "buying-in" price for a cheap power deal, it will in vest $79 million in the new Dungeness nuclear-power station in Kent. British Aluminium got the coveted site at Invergordon in the Highlands, the last undeveloped deep-water port in the United Kingdom. Its 112,000-ton smelter there will be fueled at the cheap rate in return for a $70 million investment...