SOUTH AFRICA: Yellow Mud

South Africa's Prime Minister Daniel Malan pressed a stubby finger to a small gold button one day last week and touched off a $112 million uranium industry. There had been hints that South Africa was in the atomic business, but this was the first firm news that the country was producing uranium on a scale that is expected to net $84 million a year.

Back in 1945 the late Prime Minister Jan Christian Smuts phoned Calvin Stowe McLean, president of the Transvaal Chamber of Mines: "Is it true that there's uranium in our gold mines?" McLean told Smuts: "Yes, but it...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!