Montana Resources LLP is an American mining company with headquarters in
Butte, Montana
Butte ( ) is a consolidated city-county and the county seat of Silver Bow County, Montana, United States. In 1977, the city and county governments consolidated to form the sole entity of Butte-Silver Bow. The city covers , and, according to the ...
. The company is owned by businessman
Dennis Washington
Dennis R. Washington (born 1934) is an American billionaire industrialist who owns, or co-owns controlling interests in, a large consortium of privately held companies collectively known as the Washington Companies and, in Canada, another collec ...
as a unit of
The Washington Companies
The Washington Companies is the parent company of several independent entities. The company is privately held, and was founded by Dennis Washington. Current companies owned by The Washington Company include:
* Seaspan Corporation (shipping and sh ...
. The company employs about 350 people, and operates the Continental mine, an open pit copper and molybdenum mine at Butte. The Continental pit is the only active mining operation at Butte.
History
The company formed in 1985 with the purpose of restarting copper mining at Butte. Mining, the town's mainstay and claim to fame, had been stopped several years previously when
Anaconda Copper
The Anaconda Copper Mining Company, known as the Amalgamated Copper Company between 1899 to 1915, was an American mining company headquartered in Butte, Montana. It was one of the largest trusts of the early 20th century and one of the largest min ...
shut down its Butte mines. In 1986, Montana Minerals reactivated the Continental mine, which Anaconda had idled in 1983.
The Continental Pit closed again in 2000, but reopened in fall 2003.
As of 2006, remaining ore reserves at the Continental pit were estimated to be 364 million tonnes, averaging 0.35 percent copper, 0.027 percent molybdenum, and 2.2 g/tonne silver.
[Steve J. Czehura, "Butte: a world-class ore deposit," ''Mining Engineering'', September 2006, p.18.]
References
External links
Montana Resources website
Copper mining companies of the United States
Butte, Montana
Companies based in Montana
{{copper-company-stub