After wartime service in Africa, ex-Lieut. Colonel Lansdell K. Christie heard about Liberia's "Devil Mountain," a rich lode of iron ore in the Bomi Hills. Business-wise Christie, who had made a small fortune operating a barge line in New York, went back to Liberia after he was demobilized. He wangled a concession from the Liberian government to mine the mountain area, where ore assayed 68% iron (average in the Mesabi Range: 51%).
Last week, Christie persuaded Republic Steel Corp. to come in on his deal. He sold the corporation approximately 20,000 shares in his Liberia Mining Co., Ltd. (no connection...
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