The Full Wiki

More info on St. Joe Minerals

St. Joe Minerals: Wikis

Advertisements

Note: Many of our articles have direct quotes from sources you can cite, within the Wikipedia article! This article doesn't yet, but we're working on it! See more info or our list of citable articles.

Encyclopedia

St. Joe Minerals Corporation was the United States largest producer of lead and zinc when it merged with Fluor Corporation in 1981.[1]

St. Joe was founded at the St. Joseph Lead Company in March 25, 1864 by Lyman W. Gilbert, John E. Wylie, Edmund I. Wade, Wilmot Williams, James L. Dunham and James L. Hathaway in New York.[2]

The company acquired a lead mine at Bonne Terre, Missouri. The mine had numerous problems including Price's Raid by Confederate States Army General Sterling Price. However under first president J. Wyman Jones and new mine manager Charles B. Parsons began using new diamond drilling techniques the business prospered. It nearly went bankrupt February 26, 1883 when a fire destroyed the milling operations.[2]

The success of the company prompted many competitors in southeast Missouri including the Doe Run Company and Desloge Lead Company which were absorbed by St. Joe.[2]

By 1923 the company had 250 miles of underground railroad running under Flat River, Missouri, Leadwood, Missouri, Desloge, Missouri, Rivermines, Missouri and Elvins, Missouri.[2]

In 1925 it expanded operations to lead, zinc and silver mining in South America including the Aguilar mine in Argentina near the Bolivia border.[2]

Its expansion into the zinc operations particularly in the northeastern United States lead it to Northern Ore Company in New York and the New Jersey Zinc Company in New Jersey in 1943.[3][4]

In the 1940s it expanded its Missouri Lead Belt operations to Indian Creek, Missouri, Viburnum, Missouri, Meremec, Missouri and Fletcher, Missouri.[2]

Its domination of the Southeast Missouri Lead District gave it control of nearly 70 percent of the United States lead production [5]

As the company also branched into the coal industry acquiring A.T. Massey in 1974 it was renamed St. Joe Mineral.

In 1981 with metal prices running high Fluor Corporation outbid Seagrams to acquire the company. Shortly after the acquisitio metal prices collapsed.

The Fluor Corporation would spin the components off with zinc going to the Horsehead Corporation in 1987, lead to the Doe Run Company and coal to Massey Energy.

References

Advertisements

Advertisements






Got something to say? Make a comment.
Your name
Your email address
Message