In the snow-covered wilderness north of Lake Huron, Canada's uranium industry came of age last week. The occasion was the official opening of two big mines. Algom-Quirke and Algom-Nordic, in the world's richest uranium field, the Blind River camp. The mines were opened by Rio Tinto Mining Co. of Canada Ltd., a subsidiary of the 84-year-old British mining firm, Rio Tinto Co., Ltd. of London, which acquired them along with other Blind River properties from Brooklyn-born Joe Hirshhorn for $60 million in cash and securities. At peak the mines will soon be turning out $110,000 worth of uranium concentrates...
To continue reading:
or
Log-In
