Word: tinto
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Dates: during 1950-1959
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...Tinto, Falconbridge Nickel Mines and Iron Ore of Canada...
...covered wilderness north of Lake Huron, Canada's uranium industry came of age last week. The occasion was the official opening of two big mines. Algom-Quirke and Algom-Nordic, in the world's richest uranium field, the Blind River camp. The mines were opened by Rio Tinto Mining Co. of Canada Ltd., a subsidiary of the 84-year-old British mining firm, Rio Tinto Co., Ltd. of London, which acquired them along with other Blind River properties from Brooklyn-born Joe Hirshhorn for $60 million in cash and securities. At peak the mines will soon be turning...
...Algom operation is (the two mines and mills have a daily ore-processing capacity of 6,000 tons, double the largest U.S. operation), their output will be only a fraction of Rio Tinto's eventual production. The company's three Northspan mines ($275 million in government contracts) are set to start producing before the end of 1957; its Milliken Lake mine ($94 million in contracts) by March 1958. Rio Tinto's smaller Pronto mine (1,250 tons of ore daily) was opened in 1955 but ran into production troubles, now being taken care of in an enlargement...
...Blind River field is Rio Tinto's. The mine which many geologists say has probably the biggest (136 million tons) reserve of uranium ore in the Western world is Consolidated Denison Mines Ltd., under the control of Latecomer Steve Roman. He expects to begin production next month, holds $201.2 million in government contracts...
Peach, etc.) to Rio Tinto, which will merge them into a new company with Hirshhorn as board chairman and biggest stockholder...