Word: ores
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Dates: during 1970-1979
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...turning point in Foreman's life came in 1965 when he joined the Job Corps. His first assignment was at a corps center in Grants Pass, Ore., where he learned carpentry ("I felt I was somebody"). Later he was sent to Pleasanton, where he started...
...cartels, modeled after the Organization of the Petroleum Exporting Countries, to set and enforce minimum prices. Chile, Peru, Zaire and Zambia have tried to organize a copper cartel, and seven nations, including Australia, Guinea, Jamaica and Yugoslavia, recently formed the International Bauxite Association to prop up prices for that ore, which is used to make aluminum. Most commodity producers, however, lack the religious, ethnic and cultural unity of the Arab oil producers, and it remains to be seen whether their efforts can counteract the law of supply and demand, which is now pushing prices down...
...tiny plot of ground in Australia's remote northern Nabarlek region that turned out to be the richest uranium deposit in the world. Assuming that mining rights could easily be obtained from the aboriginal owners, the Australian company quickly signed contracts to sell $60 million worth of ore to Japanese firms. What the mining executives failed to take into account was the aborigines' reluctance to disturb the green ants who live near the site...
...ore, buried just beneath the sere landscape in easily accessible formations, is less than 200 yds. from an area known in aboriginal religion as Gabo Djang (the Dreaming Place of the Green Ants). The aborigines believe that if the hallowed ground is desecrated, the insects giving the place its name will turn into man-eating monsters that will ravage the world...
...including $891,000 in cash plus a 3.75% royalty, totaling $13,619,000. The company is willing to invest so much because the uranium deposit is conservatively valued at $300 million. In a plot only 755 ft. by 33 ft., there are more than 443,000 tons of uranium ore -roughly 1% of the world's known supply. The ore contains 47.4 lbs. of uranium per ton, more than twice the percentage found in U.S. sites...