Industrial And Commercial South America

Cover Industrial And Commercial South America
Industrial And Commercial South America
Annie S Annie Smith Peck
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Silver too exists, but its production is chiefly as a by- product. Lead, zinc, molybdenum, and tungsten are ex- ported in limited quantities. Coal, following nitrates, is of the first importance among ordinary minerals, a source of large wealth though the pro- duction, about 1, 700, 000 tons yearly, is insufficient for the needs of the country. Little is therefore exported and a good deal is normally imported from Great Britain and Australia; until recently a little only from the United States.... Most of the mines in operation, owned by ten com- panies, are near the ports of Talcahuano, Coronel, and Lota. The coal is not equal in quality to the British, but it has been used by steamships, railways, and mines with fair results. Coronel or Lota, five miles apart on Arauco Bay, one or the other, is a regular port of call for steamships. The Cousino property at Lota was purchased in 1852 and later was conducted by the son's widow, under her admini- stration the greatest financial enterprise carried on by a Chilian.

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