Rhodesia can exploit high price for tin
Sunday Mail Reporter
RHODESIA could cash in on a spectacular rise in the world price of tin — $3 500
to more than $8 300 a tonne — by stepping up production, Mr. Nick Cambitzis,
chairman of the Industrial Development Corporation said yesterday.
Mr Cambitzis, who is also chairman of Kamativi Tin Mines Ltd, was speaking soon
after returning from a six- day international conference on tin attended by
6000 delegates at La Paz, Bolivia.
He was there at the invitation of the Bolivian Minister of Mines. Mr. Cambitzis
said prices had been depressed for some time due to America's sales of the metal
from its strategic stockpile.
"At one stage this stood at 400 000 tonnes, but it is now half that and despite
great pressure from everyone in the market, America has stopped selling.
"Consequently there is now a shortage and prices have gone up." Mr. Cambitzis
said that although there had been delays due to staff and other problems, ore
from a new $2 million shaft at Kamativi, 50 km east of Wankie, would soon be
going to the mill to take advantage of the higher prices.
One advantage of Rhodesian tin ore over much of that mined elsewhere in the world was that it was relatively free of impurities, making it easier to refine, he said.
By comparison Bolivia, the world's second largest tin producer, had far greater refining problems. One refinery he had visited had cost $100 million to build.
Mr. Cambitzis also visited a tin mine high in the Andes. He said:
"The 100 km trip along hairpin mountain roads took four hours. I don't think
I've ever been so scared in my life."
End
Source: Sunday Mail 27th November, 1977 newspaper made available by Rob Picton (Intaf)
Thanks Rob
Comments are always welcome, please mail them to Eddy Norris at orafs11@gmail.com
To view the Blog Home Page - Please Click Here or on the link below
(Please visit our previous posts and archives)
ORAFS records its thanks to the publishers, editor and photographer for the loan of their material.
Ref. Rhodesia
Ref. Rhodesia
Labels: Cambitzis, i Tin Mines, Kamativ
posted by Rhodesia Remembered @ 19:50
1 Comments
1 Comments:
Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.
BORROWERS APPLICATION DETAILS
1. Name Of Applicant in Full:……..
2. Telephone Numbers:……….
3. Address and Location:…….
4. Amount in request………..
5. Repayment Period:………..
6. Purpose Of Loan………….
7. country…………………
8. phone…………………..
9. occupation………………
10.age/sex…………………
11.Monthly Income…………..
12.Email……………..
Regards.
Managements
Email Kindly Contact: (urgentloan22@gmail.com)
Post a Comment
Subscribe to Post Comments [Atom]
<< Home