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American capital enters Philippine mining scene in postwar push
American investors eye Philippine mining despite political risk. New York firms seek prewar assets, with Maspino and Negros groups merging Atak and Big Wedge mines to form a new firm led by Placido Mapa. Prospects hinge on gold price plans, local politics, and rehabilitation financing. Mindanao Mother Lode Mining achieves first postwar stock listing in San Francisco.
MENTIONED IN THIS ARTICLE
New York
Philippine
U. S
Negros
Atak
Big Wedge
Baguio
Benguet
Placido Mapa
Republic
Barney Balaban-Rosenwald
Newmont Mining Company
Guggenheim Family
Freeport Sulphur Incorporation
California
Philippines
Philippine Congress
Mindanao
Mother Lode Mining Company
San Francisco Stock Exchange