Word: molybdenum
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There is no certainty that commercially valuable deposits of minerals exist. Surface rocks contain traces of iron, titanium, low-grade gold, tin, molybdenum, coal, copper and zinc. Gaseous hydrocarbons, sometimes associated with oil, have been found in bottom samples taken from the Ross Sea. But in most cases, says geologist Robert Rutford, president of the University of Texas at Dallas, who did research in Antarctica for more than 20 years, "minerals are less than 1% of the total rock sample analyzed." Moreover, the vicious Antarctic climate would make exploration dangerous and expensive...
...about the fertilizer comes from its manufacturer. According to Herschel Elliott, an agricultural engineer at Penn State University, data released so far inadequately address organic pollutants, in which case, he says, "we should look for mutagenic and carcinogenic effects." Elliott notes that the studies show near unsafe levels of molybdenum. Such heavy metals can cause birth defects...
...have been a formulaic speech about his having yearned to be an actor even before he knew that the profession existed. The finest performance is Ivey's as the play's forceful center, the clangy-voiced, flighty, phrase- turning mother with a heart of gold and a will of molybdenum. She always gets her way. Perhaps the best measure of the play's impact is that audiences depart eagerly debating whether she was right...
...sweeping reorganization program. The Los Angeles-based concern (1984 sales: $25 billion) announced that it will shed all its refining and marketing operations east of the Mississippi, including 1,100 gas stations. The company also intends to pare down spending on exploration by 50% and abandon its copper and molybdenum businesses. More dramatically, ARCO's board of directors voted to increase significantly the firm's long-term borrowing. As a result, total indebtedness could reach more than 50% of the company's net worth. With the additional funds, ARCO plans to buy back 21% to 28% of its 235 million...
Exxon's cash squeeze has been intensified by management miscalculations in a series of unsuccessful attempts to diversify. Examples: Exxon spent $857 million during the past five years to develop uranium, copper, lead, zinc and molybdenum mines from Nevada to Papua New Guinea. But the company has lost $383 million on these operations because of the slowdown in nuclear reactor construction and a fall in metal prices. After investing nearly $1 billion in a project in Colorado to develop synthetic fuel from shale, Exxon abruptly suspended the program last spring. Exxon Senior Vice President Jack Bennett says the company...