CHILE: The Savior

In the shade of a chilly, barren mountain called India Muerto (Dead Indian), 9,000 feet up in the northern Chilean Andes, lies the world's newest major find of copper ore. The discovery, says Roy H. Glover, board chairman of Anaconda Co., "is the greatest and most important development in copper mining in Chile since the initiation in 1914 of Chuquicamata" —and famed Chuquicamata is the world's biggest copper ore body. Last week Chile's President Carlos Ibañez gave Anaconda* an official go-ahead to spend $53 million toward making Indio Muerto an active producer for the booming international copper market.

Indio Muerto...

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