Political and commercial geology and the world's mineral resources
Science
Political and commercial geology and the world's mineral resources
Geology, Economic; Mines and mineral resources
Foreigners, including Americans of course, are not allowed to own
mining property in Burma, the Federated and Unfederated Malay States,
or Australia, territory producing nearly all the tungsten ores of the
British Empire.
In Argentina small tungsten mines are owned by English companies.[88]
[88] SHARP, RALSTON C.: “Wolfram Deposits in the Argentine.” _Mining
Magazine_, London, vol. 18, May, 1918, pp. 230-233.
In Bolivia the English and French governments during the war leased
mines directly, and came into direct competition with American business
men engaged in buying or producing tungsten ores.
British traders are constantly striving to increase their control of
Bolivian tungsten ores. At present the English seemingly have complete
control of the financial system of Bolivia, so far as foreign exchange
is concerned. An American interested in a tungsten mine in Bolivia
has informed the writer that it is almost impossible to do business
with English banks, because they insist that if they extend commercial
courtesies, even for pay, the recipient must buy only English mining
machinery. The buddle, which for dressing tungsten ore is obsolete
in other countries, is said to be still used in Bolivian mills under
English control. If miners do not wish to deal through English banks,
they are compelled to cable money to and from New York at considerable
expense. The American banking interests represented in Bolivia seem
conservative in advancing money on ore shipments, whereas German
and English representatives are said to advance up to 80 per cent.
of the market value of ores shipped. Mining corporations controlled
by English firms ship to England, and Americans can not compete for
the production. Such a firm is Aramayo Francke Mines, Ltd., which
produced 2,050 long tons of tin concentrates, 226 tons of wolframite
concentrates, and a considerable output of bismuth in the year ending
May 31, 1916. Control of the Bolivian mines by the English is not yet
dangerous to American interests, except through the banking system, but
entire control may be passed to them, to the Germans or the French,
through American tariff legislation.
In Portugal, English companies control a number of the mines, and
it has been alleged by at least two Americans[89] that the English
government, through its representations at Lisbon, for a period of more
than two years, prevented title passing to American companies. The
Thermo Electric Ore Reduction Corporation, Ltd., seems to be the chief
English owner of Portuguese tungsten mines.
[89] Personal communications.
In the Dutch East Indies, the British are understood to control the
present wolframite production of about 5 tons a month.
Public-domain text, read in full here on John Shaqi.
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