By Robin Gendron, Mats Ingulstad, Espen Storli
Because the key part in aluminum construction, bauxite has turn into probably the most vital minerals of the final 100 years. to a few it introduced fiscal and political virtue, yet for plenty of others, its improvement left a legacy of exploitation. Aluminum Ore explores the background of bauxite within the 20th century and the worldwide forces that this heritage represents, from its strategic improvement within the First global battle to its position within the globalization of markets as businesses from the northern hemisphere vied for the assets of the south. that includes essays through students from all over the world, this wide-ranging assortment is a historical past of 1 crucial mineral and a brand new viewpoint on a time of change.
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Extra resources for Aluminum Ore: The Political Economy of the Global Bauxite Industry
25 Alcoa could get access to this land only through a lease agreement with the Colonial Office, something which was granted in 1916. The lease was given to the newly established Demerara Bauxite Company, which was incorporated in British Guiana as a subsidiary of a Canadian subsidiary of Alcoa. The new company was set up in compliance with the lease terms, which stated that the lease could be given only to a British registered company. At the same time as Alcoa established a stranglehold on the bauxite in British Guiana, the company was expanding into the neighbouring colony of Dutch Guiana.
Yet, despite the heterogeneity, there are striking similarities in the developments in these various localities. First, in all four cases, multinational companies played pivotal roles in opening up the deposits. 4 This has been especially true for the bauxite-aluminum industry because of its capital-intensive nature, its technological complexity, and the importance of vertical integration. However, corporate strategies cannot by themselves explain why the bauxite industry spread around the world.
At the same time, Alcoa told Harvey that the company would not be interested in his bauxite. 22 Harvey signed an option agreement with the French-American consortium, which in May 1914 sent out a team of experts to look at the deposits. When the experts arrived in British Guiana, they realized that Mackenzie had already signed an agreement with Harvey’s local business partner. The situation threatened to dissolve into a hefty legal battle involving both the two competing buyers and the two prospective sellers.