Word: ungava
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Humphrey flew to Canada to buttonhole Timmins. The land lay in desolate territory some 300 miles north of the Gulf of St. Lawrence, in an area called "Ungava"-Eskimo for "faraway." Said Humphrey to Timmins: "What if you found $100 million worth of gold up there? Would anybody build a railroad to bring it out?" He answered his own question. Hurrying back to the U.S., he got the backing of five big U.S. steel companies, a $200 million loan from insurance companies, and formed a corporation with Timmins' Hollinger Consolidated Gold Mines, Ltd. to bring out the iron...
...terms of business, Ungava may yet be a gold mine. In terms of national security, it offers an invaluable new ore source for the U.S. steel industry, which uses 121 million tons of iron ore a year...
Canada's vast area (next in size to the Soviet Union and China) throbs with industrial action. In bleak Ungava, where only the rashest prospector ever ventured a decade ago, a new railway is thrusting through the wilderness to tap an iron-ore lode larger than the state of Connecticut, and perhaps as rich as the famed Mesabi Range in northern Minnesota. Above an Indian village named Kitimat, in the stony heights of British Columbia, engineers are damming half a dozen mountain lakes, creating a waterfall 15 times as high as Niagara, to power the world's biggest...
...through the Rockies, a 280-foot power dam, and the world's biggest aluminum mill to open in 1954. ¶ Iron Ore Co. of Canada got well under way on 360 miles of track through the wilderness of northern Quebec to its $200 million iron ore project in Ungava. ¶ A record $250 million was invested in exploration and development of Alberta oil, and another $300 million was lined...
While developing her industry, Canada has also strengthened her position as a leading world supplier of raw materials. The vast oil exploration program in Alberta ("Second only to that of Texas") and the 350-million-ton Ungava-Labrador iron ore deposits ("Only a fraction of what the field will eventually yield") are prime examples of new riches uncovered during...