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World Copper Agreement

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The World Copper Agreement, signed March 28, 1935, was an agreement by mining companies that attempted to create a worldwide copper cartel. The agreement formally created the International Copper Cartel. Uniting African, South American and European producers, the agreement aimed to "bring about better conditions in the production, distribution and marketing of copper throughout the world outside of the United States" through curtailment of production. To supervise the implementation of the agreement and amend breaches of it, the agreement provided for the creation of a Control Committee of 5 members.

Signaturies to the agreement

In addition to the above, the Compagnie Francaise de Mines de Bor and the Rio Tinto Company, Ltd. each had a right to have one representative attend (without vote) all meetings of the Control Committee, and to receive minutes of such meetings and copies of all Committee decisions.

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