Word: uranium
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Menzies would not tell Parliament what was in Petrov's documents: a royal commission must first sort out and evaluate it. But many startled Australians thought of the Woomera rocket range, of the new uranium workings in the north, of the British atomic shots off the Montebello Islands. And, remembering the defection of Igor Gouzenko in Canada in 1945, which resulted in the exposure of Dr. Alan Nunn May and Klaus Fuchs, Britain last week hustled two MI-5 (military intelligence) men off to Australia...
MILLIONAIRE Charles Steen, whose Mi Vida mine was southeast Utah's first big uranium strike, is joining with Salt Lake City's Combined Metals Reduction Co. to build what is called the world's biggest uranium processing mill at Moab, Utah. Uranium Reduction Co., the new company, will start work on a $4,000,000 plant within the next four months, hopes to start processing ore from Steen's mines by early...
With a string of uranium mines and one mill already operating at capacity in Colorado's plateau country, Climax announced that it was moving its uranium subsidiary headquarters from New York to Grand Junction, Colo., to be closer to actual operations, making it easier to expand into uranium. Though the company netted only $428,248 (4.4% of total profits) from uranium in fiscal 1953, it is prospecting for more lodes, will build new ore-processing plants wherever needed...
Said Climax President Arthur H. Bunker: "Our plan is to be very active in uranium. The acquisition of property is continual...
...Risky Business. But Bunker, who knows that uranium is often a risky business, is not betting all his money on it. His company has set up a separate department of industrial development to invest in a whole new series of strategic metals. Climax owns thorium deposits in Colo rado, wants to expand into large-scale production of such other vital metals as nickel, cobalt and manganese, all needed for U.S. strategic stockpiles...