Mr. Friedland, who spent much of the 1970s traveling in India, where he studied Sanskrit, Hindu culture and Buddhism, once said he became interested in mining after stumbling upon an abandoned gold mine on property he was developing for a timber venture with Mr. Jobs, whom he met at Reed College in Portland, Ore.
But the Japanese pulled out of the Taiyo fish cannery at Noro, timber exports were hit by the Asian slump, Ross Mining closed its Gold Ridge mine and Guadalcanal's palm-oil plantations have been abandoned.