A man called William Cornell Greene,
started the modern mining era in Cananea, leasing
four mayor mines and creating the Cananea Copper
Company in 1896 to operate those mines. In 1899,
Greene organized the Cananea Consolidated Copper
Company, S.A. which became known by the “4C”
trademark, and the Greene Cananea Copper Company
incorporated in 1906, in turn acquired majority
control of Cananea Consolidated.
Cananea´s labor strike in June, 1906 was
motivated by the bad work conditions in the underground
mines. This historic event is for many the start
of the Mexican revolution that took place in 1910.
In 1917 the Cananea Consolidated Copper Company
was acquired by the Anaconda Mining Company, which
introduced U.S. new geological and mapping techniques,
and explored the region for additional mineral
deposits.
In 1926, the now worldwide famous "La Colorada"
ore deposit was discovered. The richness of this
deposit allowed Anaconda to survive the economic
world crisis of the 30´s.
In November 1971, The Anaconda Company sold its
51% controlling interest of “Compañía
Minera de Cananea, S.A.” to the Mexican
Government agencies.
As a result of Mexico’s economic crisis
in 1980’s, the government operated company
was declared bankrupt on August 20, 1989.
After approximately one year of operations by
the bankruptcy court appointee, the company was
acquired in 1990 by Grupo Industrial Minera México,
S.A. de C.V. (today known as Nuevo Grupo Mexico)
and Belgic Acec Union Miniere. The company’s
name was changed to Mexicana de Cananea, S.A.
de C.V.
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