South American Minerals In The Future World Economy

DURING the war South America attained a very important position in the production of metals and minerals, brought about by her strategic location near the "Arsenal of Democracy" and the loyalty of her peoples to the cause of freedom This seemingly miraculous achievement in the wartime delivery of the all-essential metals-copper, tin, lead, zinc and tungsten -as well as 35 other war-important minerals and metals, was not the simple result of orders received and of routine production It was the end result of pioneering, prospecting, developing, planning and plodding throughout the lifetime of your organization It was the introduction of new engineering principles, mining techniques, smelting procedures and refining practices, which presaged the entrance of the vast amount of venture capital essential to carry these promising mineral potentials through the dangerous stages of early development Many of those attending the meeting must in the past, as young engineers, have braved the untold hardships and discouragements that beset them at every turn Only they can really appreciate the true meaning of the overwhelming wartime demand on the mineral production of every one of the South American countries No one country has all of everything necessary to produce armaments on a scale imperative during an emergency Not even the United States, with its wealth of natural resources, could hope to meet the unprecedented de-