Anaconda Copper Mining Company (from 1899 to 1915, known as the Amalgamated Copper Mining Company) was an American mining company. It was one of the largest trusts of the early 20th century. Founded in 1881 when Marcus Daly bought a silver mine, the company expanded rapidly based on the discovery of huge copper deposits. Daly built a smelter to process copper mined in Butte, Montana. By 1910, Anaconda had expanded its operations and bought the assets of two other Montana copper companies. In 1922 it bought mining operations in Mexico and Chile; the latter was the largest mine in the world and yielded two-thirds of the company's profits. The company added aluminum reduction to its portfolio in 1955. - Source: Wikipedia
Related Stories
