Word: ores
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Dates: during 1940-1949
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Actually, Justice charged, the industry ceased to be competitive in 1902, when Steelman Charles Schwab arranged a merger between Canadian companies with plenty of nickel ore and U.S. companies with the chemical process for separating nickel from copper. Holdings of the combine ($135,000,000 worth of mines, smelting and refining) were consolidated under Inco, Ltd. in 1928. Inco's sales last year...
Henry J. Kaiser's chief worries as a steelmaker have been over iron ore for his plant at Fontana, Calif. This week Kaiser felt that these worries were ended. After more than two years of haggling he had acquired mining rights to famed Eagle Mountain, best source of ore in the West...
Kaiser has been hauling most of his ore 185 miles from low-grade diggings at Kelso, Calif., the rest 500 miles from Cedar City, Utah. Eagle Mountain, rising naked on the edge of the Mojave Desert, is only 153 miles from Fontana, is rich enough to supply Kaiser with low-cost, high-grade ore for at least 50 years...
...ore, Kaiser had to buy it from Foley. Ed Foley, who knew he had a good thing, finally forced Kaiser to pay "in excess of $1,000,000" for the lease...
...government-owned Geneva plant. Since then Kaiser has lowered his costs. With Eagle Mountain, Kaiser expects to quote steel-hungry Pacific Coast industries new low steel prices, but steelmen will wait & see. The mine won't be in full production for at least six months, and even then ore will have to be trucked 50 miles to the Southern Pacific tracks at Indio...