Countries And The Minerals Industry

Mainland China To Pay Japanese Company On Contract Claim. - Mitsubishi will receive $39 million from Red China, half of what was asked, for China's having, curtailed work on a 5369 million steel rolling mill at Baoshan near Shanghai. Copper Found in Chile. - Utah International Inc., in conjunction with Getty Oil Co., has discovered a cooper deposit in northern Chile. Early drilling reveals an enriched zone grading 1.2% to 2 3% copper. Chile already has tie world's largest Cu reserve base. Soviets To Aid Laotian Tin Industry. - The U.S.S.R. has agreed to help strengthen the tin industry in Laos, a client state. In the past, Laos has only produced small amounts of tin concentrate, 500 tons to 1,000 tons per year presumably shipped to smelters in Singapore or Penang, Malaysia. Under the agreement made in June, the Soviets are to supply equipment to increase the out put of tin from the Phontieu, Neng, and Nongsen mines and help Laos with the construction of a tin smelter. The U.S.S.R. itself is a net importer of tin, although a substantial producer of the metal.