Word: newmont
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American Metal Climax Inc. and the Newmont Mining Corporation each own 29 per cent of the Tsumeb Corporation. Tsumeb is Namibia's major base-mineral producer and largest employer, with 5000 black employees included on its payroll. Proxy resolutions call for both corporations to withdraw. (Another resolution asks Newmont, which manages the mines, to establish equal opportunity in its worldwide operations...
...reference to the food and housing Tsumeb provides in the workers' compounds, "They are the equal of any similar community of Southern Africa," Newmont states...
...response to the U.N. and World Court decisions, American Metal stated, "All these are political claims in the international arena and are well beyond the scope of any commercial corporation and normal business operation." Newmont stated that it complies with the law of authorities in de facto control or all countries where it does business...
...odds the most nubile director of a corporation listed on the New York Stock Exchange is Catherine Hohenlohe, 22, debutante daughter of Polish Prince Alexander Hohenlohe-Ingelfingen and the late Manhattan heiress Margaret Schulze Downey. Mother was a working director of Newmont Mining Corp. until her death fortnight ago, and now Catherine has been elected to represent the $5,000,000 worth of Newmont stock held by her mother's estate. Presumably, she'll be getting plenty of mature male advice. But those blue-suited young Wall Streeters had better not apply. She is already engaged to Harvard...
Died. Margaret Schulze Downey, 42, one of the nation's richest women, heiress to an estimated $150 million concentrated mainly in Newmont Mining Co. and Magma Copper Co. (founded by Grandfather William Boyce Thompson), a pretty brunette who briefly filled the gossip columns in the late '40s when her divorce from polo-playing Polish Prince Hohenlohe-Ingelfingen prompted him to shoot himself (he recovered), settled down to marry Morton Downey, radio's dulcet-toned troubadour of the '30s, and take an active director's role in minding her business; of cancer; in Manhattan...