Topic summary
Compagnie du Boleo
Extracted from the Wikipedia article El Boleo.
Compagnie du Boleo
El Boleo was first operated, on a large commercial scale, in 1885 by the French company Compagnie du Boleo which obtained control of the property and began mining, after receiving an extensive concession and 70-year tax exemption granted by Mexican president Porfirio Diaz. Diaz apparently hoped that the mine would create a development zone in the arid and unpopulated region. 1885 is also considered the official date of the town's foundation.