Word: ores
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Dates: during 1940-1949
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...Promptly blackballed by the cholo-con-temning local gentry, he closed the palaces, went to Europe, has not visited Bolivia since. In time he sold a 10% interest in his mines to National Lead Co., and diversified his own stake. He now owns mines in Malay (No. 1 tin-ore producer), a huge smelter near Liverpool. He likes to think he also still controls large smelters in Germany. He let France go on his cuff, and calls Mussolini "Mi Musso...
...mining by their absentee landlord, are run down. Controlling more than half the production, Patino has also managed to restrict the rest. Not for ten years has Bolivia produced the full quota set for her by the British-controlled cartel. Last year Bolivia mined 27,000 tons of ore. To reach an estimated potential of 50,000 tons, the Bolivian mines need back maintenance, new machinery, more labor...
...Government-owned Metal Reserve Co. was a contract for 240,000 tons of manganese, to be delivered at the rate of 80,000 tons a year. Most heartening news of all was Anaconda's announcement that it had a selective-flotation process for working the ore, that its concentrate would be as high-grade as any bought abroad. Anaconda will put $1,500,000 into a new plant, will be able to produce 100,000 tons a year, take at least one-eighth of their manganese worries off the shoulders of U. S. steelmen...
...trust case against Aluminum Co. of America. The 40,000 pages of testimony, ranged along 15 feet of shelf space (plus another twelve feet for exhibits), contained the evidence for and against the Government's charges: 1) that Alcoa monopolizes 100% of U. S. capacity for smelting bauxite ore into aluminum ingots; 2) that it monopolizes 90-95% of the U. S.'s scanty bauxite deposits; 3) that through a "stooge" associate, Canada's $80,000,000 Aluminium Ltd., Alcoa controls world production and prices. These controls, claims the Government, have caused a stringency in aluminum production...
...increase in 1937, its price record includes cuts in the inflated 1925-29 period, two more cuts since the suit began-the second last week by 1? a Ib. to 18?, the lowest price ever. As for the bauxite monopoly, Alcoa pointed to plenty of uncontrolled low-cost ore in Surinam (Dutch Guiana), high-cost ore in Arkansas. As for national defense, Alcoa pointed to $26,000,000 worth of plant expansion in 1937, $30,000,000 worth last year. As for the ingot monopoly, Alcoa's claim has always been that anyone was at liberty to compete...