The Reopening Of The Magma Mine, Superior, Arizona

- Organization:
- Society for Mining, Metallurgy & Exploration
- Pages:
- 5
- File Size:
- 333 KB
- Publication Date:
- Jan 1, 1992
Abstract
In 1910, Colonel Boyce Thompson, who owned Inspiration (now Cyprus Miami) and various other mining interests, formed the Magma Copper Company and leased the Silver Queen claims around Superior, Arizona. At the same time, he purchased other claims around the Silver Queen claims from what was then called the Magma Mine. The mine continued to operate until 1982 when Newmont Mining Company, who owned Magma Copper Company, shut down the operations due to high costs and low copper prices. When Magma was spun off by Newmont as an independent company in 1987, new studies of Superior were started. It was clear from these studies that the mine had been shutdown and over 1400 employees laid off for two basic reasons: first, as a resu1t of a mine plan that was technically flawed and second, be-cause of very high production costs mainly due to the low productivity from a very high cost work force. During 1989 a plan was formulated to re-open Superior with the determination to over-come the problems that resulted in closure. A new mine plan was developed and a management style developed that promotes team work and high productivity.
Citation
APA:
(1992) The Reopening Of The Magma Mine, Superior, ArizonaMLA: The Reopening Of The Magma Mine, Superior, Arizona. Society for Mining, Metallurgy & Exploration, 1992.