>>83203 (me)

--“OPPENHEIMER OF SOUTH AFRICA" - Chester Crocker stated that South Africa is the Saudi Arabia of minerals. He later became a Director of Minorco--

https://www.nytimes.com/1983/05/08/magazine/oppenheimer-of-south-africa.html
May 8, 1983

--Of course, it might also be said to be by its nature a part of Africa. But then the Reagan Administration's man on Africa [Chester A. Crocker] didn't mean to be talking race; he was talking power, economics and ideology. He was talking of a South Africa that deserves to be called, as he elsewhere noted, the Saudi Arabia of minerals.--

Despite South Africa's exchange controls, the group has managed in recent years to build up large holdings in the United States and Canada through the Bermuda-based Minerals and Resources Corporation, known as Minorco, whose board includes such American business eminences as Citicorp's Walter B. Wriston and Lazard Freres' Felix Rohatyn. Forbes magazine claimed a few years ago that Minorco was the largest foreign investor in the United States. Anglo American modestly says Forbes's calculations were ridiculously inflated, but Minorco's lengthening list of interests includes coal in Appalachia, copper in Arizona, fertilizer in Iowa and investment banking on Wall Street through Salomon Brothers.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2655201

--Lastly, that edition of Optima commented on the “valiant efforts” (Barber 1987a, p. 68) of Dr. Chester Crocker, the then American Assistant Secretary of State for Africa. Both De Beers and Anglo American were obviously enormously enamored with Crocker. By 1990 [the year Mandela was released], they had appointed him as a director of Minorco, which was based in Luxembourg and “the main overseas investor for Oppenheimer funds” (Kanfer 1993, p. 362). A high-profile appointment to such an entity suggests a very different imperative to that which Oppenheimer voiced in his interview with Nielsen (1985) regarding investing beyond South Africa.--