Word: uranium
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...Mexico's Ambrosia Lake is a misnamed patch of sunbaked, bone-dry limestone where miners have long thought they smelled uranium. The Santa Fe Railway opened a small strip mine near by in 1950, and Anaconda Co. began to work the richest U.S. uranium mine 20 miles southeast of Ambrosia Lake. But no one struck it rich in Ambrosia Lake until 1955. Then a young (31) Texan named Louis B. Lothmann came in with a $10,000 grubstake, two years of college geology and a hunch on where to look. He teamed up with Septuagenarian Stella Dysart...
Last week Ambrosia Lake got another big lift. Phillips Petroleum Co., which is sinking two mines there, contracted with the Atomic Energy Commission to build a $9,500,000 mill to process 1,725 tons of ore a day into uranium concentrate. Like many another oil producer, Phillips is hedging its bets against the day that uranium becomes a major source of the world's energy...
Happy was the Interior Department last month when Stanford W. Barton offered to undertake the biggest Indian land development of all time. The friendly Missourian, a dabbler in uranium and alfalfa, was a godsend to the Indian Affairs Bureau officials. They signed him up just one day before expiration of an act enabling Interior to lease 67,000 parched Arizona acres with the expectation of turning them into a desert garden for some 1,500 Mojave and Chemehuevi tribesmen, who would get the land back in 25 years. As first installment on the $28 million deal, which promised handsome profits...
...cause of all this excitement was the sensational success of the nuclear submarine Nautilus, which cruised 69,138 miles, more than half of them submerged, on a single charge of uranium fuel. She never had a breakdown, and her performance forced the Navy's heavy thinkers to rewrite the textbooks of naval warfare...
...will be greatly influenced by big 150,000 kw. reactor in southern Italy. World Bank, which is expected to help finance Italian project, will ask seven internationally known atom experts to choose best system. Result may largely decide whether other countries will buy Britain's gas-cooled natural-uranium reactors or liquid-cooled enriched-uranium plants, which the U.S. is anxious to export...