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...Fred Seaton's plan to help depressed U.S. mining industries and also to quiet opposition to extending the reciprocal trade agreements. Under Seaton's five-year plan, which would cost an estimated $161 million the first year, the Government would pay the miners of copper, lead, zinc, tungsten and fluorspar the difference between the market price and a set "stabilization" price. To Canada and the Latin American countries that export metals to the U.S., the Seaton plan is a welcome alternative to the tariff increases they face. The increases, plus cutbacks in imports, have already stirred up bitter...

Author: /time Magazine | Title: Business: Subsidies for Miners? | 5/19/1958 | See Source »

...converter is made of two plates of tungsten that are a fraction of a millimeter apart. Between them is a vapor in near vacuum. The plates are so treated that they have different electric potentials. (G.E. will disclose neither the vapor nor the method of treating the plates.) The plate with the higher potential is heated to about 1,500° centigrade, the other to around 1,000° centigrade. The first plate is hot enough to release electrons; the second is not. Clouds of electrons boil off the hotter plate (the cathode) and are attracted to the cooler plate...

Author: /time Magazine | Title: Science: Man, the Sun & Seaweed | 1/6/1958 | See Source »

...American miners. I want to convince them of the possibilities of exploitation of my country." He pointed out that Burma's government-sponsored Foreign Investment Act, which is expected to be passed early next year, will open up the country's nationalized lead, coal, zinc, tungsten and tin mines to private operation on a lease from the government. U Tin U himself has applied for the Lone Chang zinc mine, announced that he was willing and able to put 200,000 Burmese kyats ($16,000) into its development, wants a foreign partner...

Author: /time Magazine | Title: The Capitalist Challenge: CAPITAL OPPORTUNITIES | 10/28/1957 | See Source »

...forbidding Ahaggar mountains in the central Sahara, prospectors have found samples of gold, platinum, nickel, tin, chromium, asbestos, tungsten, uranium, copper, and one small diamond. But the area is separated from the nearest port by 1,400 miles of sand-swept desert trails. Admitted the French government's mining boss in Algeria, Turquet de Beauregard: "Even if we discovered a mountain of pure iron down there, it would not pay to ship it. So we have to look for very precious ores, such as platinum and uranium, which would be worth sending by plane...

Author: /time Magazine | Title: BUSINESS ABROAD: Gold from Sand | 7/1/1957 | See Source »

...Middle African man-in-the-bush was for the most part unaware of the rich potential of the land beneath his feet. There, waiting to be found by the white man, were some of the earth's greatest stores of precious gems, iron, coal, gold, tin, copper and tungsten for the dawning age of electricity, pitchblende from which the minerals of the atomic age would one day be refined, and scores of other metals...

Author: /time Magazine | Title: Middle Africa: Cradle of Tomorrow | 5/20/1957 | See Source »

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