Oldal 5 [5]
OCR
[Shea 0it terests in Canada. However they should be mentioned: Atlantic Refining, Continantal 011 Co., Phillips Petroleum, Gulf O11, 7 Socony-Vacuum, Standard 611 of California, Standard 011 of — Texas Co., Tidewater O11, and Union O41 of California. Canada is, as pointed out previously, one of the most important countries in the world for the production of basemetal. It is, obviously, also its main economic activity. Below is a short commentary on some of the outstanding companies in this field. International Nickel has a strong and aggressive management. It produces 75% of the world's nickel. there is a very definite trend of increasing the use of nickel in a great variety of products. Aluminium Co. is one of the most outstanding Canadian corporations. It is the world's largest producer of aluminium 4ngots, accounting for 25% of the total world’ production. It " in Canada the largest and lowest cost smelting faciLities. Furthermore, the company owns plants in 23 countries and has over 30 subsidiaries. Sales organizations are established in 79 countries. Bauxite reserves in the Carribean area are estimated to last for 30 years. New acquisitions will probably double this ficure.As far as the future is concerned, it is obvious that the use of aluminium is ever expanding mainly in building, transportation (aviation, for instance), household supply and electrical industries. Consoledated Mining and Smelting Co. of Canada, Ltd. is one of the world's largest and lowest cost producers of lead, gine, silver and fertilizer. Its high grade management has gtarted some very important expansions and improvements. Hudson Bay Mining Co. is operating a fearge copper and gine mine in Flin Flon, Menitoba. Some important reserves have been discovered recently. Noranda Mines is the second largest producer of copper and gold in Canada. . The iron ore situation in Canada is not, at the present time, too impressive. However, the new developments in Labrador are proceeding rapidiy and should prove profitable. The most important Canadian company 4n that area is Hollincially strong corporation. Another company with large and “3
