Word: roans
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Rhodesian copper tycoon (Roan Antelope), announced he would become a citizen of England, where he has lived for 25 years...
...Gutt. When they saw the conference getting no place they announced they had booked reservations for Europe. When it became clear that Director Storke would accede to nothing, Messrs. Pisart & Gutt sailed and the conference was officially ended, all copper companies were free to grab for all they could. Roan's Storke remained alone on the battlefield, told the U. S. Press his company was not alone to blame...
...tons and it was felt U. S. prices would sink no lower than last week's 5?. But a fierce war for the other markets of the world was in sight, a war that would end either with the high-cost producers driven off or with a whipped Roan Antelope creeping into the corral. Running at full blast Roan can supply only 14% of the copper needed outside the U. S. But Roan can lay copper down in Liverpool for under 4?, which not even Katanga can meet, and 3? under most U. S. companies. With no new public...
...Whatever Roan does will not be decided by Director Storke. When he arrived in Manhattan ready to buck the U. S. producers, who used to be supreme with 60% of the world's production, the conference knew he was speaking not for himself but for his master, the company's chairman and the true villain of the scene in the eyes of his competitors. This man is Alfred Chester Beatty, a U. S. expatriate who lives in London, was 23 when graduated from the Columbia School of Mines in 1898. Since then he has traveled the world, turning...
Alfred Chester Beatty was one of the first capitalists to see the future of African copper. He was a major stockholder in Roan Antelope when it was formed in 1927 and created its 1928 alliance with American Metal. He was behind the launching of Rhodesian Selection Trust, which owns other Rhodesian mines. Under his guidance Roan grew quickly. It took properties that cost it $1,700,000 (most of the land is leased from British South Africa Co.) and spent $23,000,000 in making a mining business out of it. Mills and smelters were constructed, a village laid...