Time Clock: Ventures1 Biggest Venture

Two years ago Aluminum Co. of America announced a plan to build a huge aluminum smelter at Skagway, Alaska, to be powered by harnessing the waters of the upper Yukon River. The project was to cost $400 million. But there was one hitch. The Canadian government wanted the industry to be located where the power came from: in Canada. Last week Alcoa's big plan became just a set of useless blueprints. British Columbia gave the go-ahead for developing the vast power potential of the Yukon to Canada's Ventures Ltd., big mining and metal holding company headed by publicity-shy Thayer Lindsley of...

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