Brazil: A National Solution

For seven years Cleveland's Hanna Mining Co. has been marooned in frustration on top of some of the world's richest mountains of iron ore, unable to move more than a trickle of it onto the world market. Despite a contract with the Brazilian government empowering it to tap 300 million tons of high-grade ore that it owns in Minas Gerais state, Hanna has been harassed by a succession of political obstacles, is still battling a court decree annulling its mining rights. With the Brazilian economy as well as the climate for foreign investment improving (see THE HEMISPHERE), Hanna last week...