Mining
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America 1966 , pp 241-250
- Publication Date: December 1966
- DOI: https://doi.org/10.18356/5e4c4b6c-en
- Language: English
During the year 1966, levels of consumption of mining products remained high throughout the world. This led to the reduction of stocks, the sale of some of the United States’ strategic reserves, the opening of new mines and the rehabilitation of others formerly regarded as marginal because their operating costs were too high. At the same time, prospecting was more active and there was more intensive research on new techniques for the more efficient development of mineral resources. The market was influenced by political instability and social unrest and labour problems in some of the producer countries, military requirements—in particular those created by the hostilities in Viet-Nam—and the increase in consumption of mining products brought about by the expansion of industry, especially in the more advanced countries.
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