Word: mined
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Dates: during 1990-1999
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...were more self-aware, I might feel, at this moment, something like the bitter resentment and sadness of a well-sated, not to say spoiled older child, forcibly weaned from the breast of plenty to make way for younger contenders for (my) Harvard resources. A close friend of mine, a visiting student, spent most of her time here reflecting on the premature graduation and delivery unto the outside world of the Harvard Student...
Indonesia is the site of Freeport's most important asset, the Grasberg open-pit mine, developed under the auspices of the Suharto regime. A giant crater scooped out of a mountainside in the jungles of Irian Jaya, on the Indonesian half of the island of New Guinea, the $60 billion mother lode contains one of the world's largest single deposits of copper and gold...
Moffett's Dale Carnegie routine worked wonders when Suharto ran the show. There were afternoons of golf with the ruler and friendships with his family and business cronies. Indeed, Suharto interests own a multimillion-dollar stake in the Grasberg mine, which surely did not hurt Moffett's effort to maintain mining rights there on favorable terms. The deal was so sweet, in fact, that Freeport has long been the world's lowest-cost producer of copper, a key industrial metal...
Realistically, Indonesia needs the mine to keep operating, both for the local economy and to keep dollars coming into the country. The company spends roughly 1% of its gross revenues on housing, health care and education. Even leading politicians who once called for expelling the company now say they recognize that driving out foreign capital would harm efforts to revive Indonesia's battered economy...
...Snacks. He was not impressed. "In the late '80s, the dairy industry and the packaged-goods industry created this low-fat and no-fat bulls___," he said slowly and quietly, as if we were on The X-Files. "Nothing has caused obesity more." A friend of mine in the office started calling him "The Snackalator...