Ohio Copper Company of Utah
Ohio Copper Company of Utah
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Product Details
CompanyOhio Copper Company of Utah
Certificate Type
Capital Stock
Date Issued
November 24, 1936
Canceled
No
Printer
Not indicated
Signatures
Hand signed
Approximate Size
10 1/4" (w) by 8" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
The Ohio Copper Mining Company of Utah was a predecessor of U.S. Smelting, Refining & Mining Co. The company was founded in 1903 as the Ohio Copper Company (OCC) and soon thereafter leased the Winnemuck concentrating mill, an old mill that had been used on lead-silver ores in the Bingham mine during the 1870s and 1880s. OCC would operate all its future mines out of Bingham. OCC sought outside financial assistance in 1906, bringing in F. Augustus Heinze. Unfortunately Heinze mismanaged the company and was forced to resign two years after his entry.
In 1910 OCC erected a 2,000-ton concentrating mill in Bingham, and the mill operated intermittently until 1919. Between 1910-1919 the company suffered financial difficulties, including bankruptcy in 1916. In 1912 the company was reorganized as the Ohio Copper Mining Company, and after its bankruptcy in 1914, became Ohio Copper Mining Company of Utah (OCMCU) through reorganization in 1916.
OCMCU began to shift its efforts to recover copper from low-grade porphyry ore in 1919, but the decline in the price of copper led OCMCU to defer the project until 1923, when the company used leaching methods to retrieve the copper. The venture proved successful, saving OCMCU financially. In addition, OCMCU broke the world record for low-cost copper production.
OCMCU continued its leaching operations until 1937, as its profitability began to decline. The company operated a mill and plant to re-treat tailings from earlier milling endeavors. When the company exhausted ores in the area by 1947, it ceased operations. United States Smelting, Refining and Mining Company bought OCMCU's leases in 1950.
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