Word: sulphur
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Dates: during 1950-1959
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Extracting copper from such low-grade ore is enormously expensive. To open his Nevada mine, "Con" Kelley had to buy a sulphur mine 60 miles away, to get sulphuric acid needed for the concentrating process. Because exploration is even more expensive, Kelley and others are now going through old diggings to get out the high-cost ore that had been bypassed. Anaconda alone is spending $27 million to tap 130 million tons of such ore in its famed Butte, Mont, properties and another $100 million to process low-grade ore in Chile...
...Sulphur...
...novices in the sulphur business, learning it from scratch, the young partners knew enough to see that Freeport's resources were alarmingly low. They set out to find new sulphur beds, by the mid-30s had put the company squarely on its feet again with Louisiana's Grand Ecaille, Freeport's biggest mine, built the whole town of Port Sulphur (1950 pop. 2,250) to house the workers and ship the sulphur. Watery Mine. To get the brimstone out of the ground at Garden Island, Freeport plans to build a $10 to $15 million plant. Garden Island...
...profits will go to the Texas Co., which owns the oil leases on the land and found sulphur while drilling...
...capitalist, Yaleman, sportsman (polo and racing), soldier (Air Forces colonel), connoisseur of modern art (TIME, Aug. 27), philanthropist, Broadway angel (Life With Father), public servant (president of New York Hospital), and husband of one of the famed Cushing sisters (Betsy, ex-wife of James Roosevelt). Whitney is Freeport Sulphur's chairman and biggest stockholder. Along with Freeport's President Langbourne M. Williams Jr., 48, he got control of Freeport when both of them were still in their twenties...