Montana Resources LLP
Encyclopedia
Montana Resources LLP is an American mining company with headquarters in Butte, Montana
. The company is owned by businessman Dennis Washington
. 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.
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 coppper, 0.027 percent molybdenum, and 2.2 g/tonne silver.
Butte, Montana
Butte is a city in Montana and the county seat of Silver Bow County, United States. In 1977, the city and county governments consolidated to form the sole entity of Butte-Silver Bow. As of the 2010 census, Butte's population was 34,200...
. The company is owned by businessman Dennis Washington
Dennis Washington
Dennis R. Washington is a Montana-based industrialist and philanthropist who owns, or co-owns controlling interest in, a large consortium of privately held companies collectively known as the Washington Companies and, in Canada, another collection of companies known as the Washington Marine Group...
. 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 CopperAnaconda Copper
Anaconda Copper Mining Company was one of the largest trusts of the early 20th century. The Anaconda was purchased by Atlantic Richfield Company on January 12, 1977...
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 coppper, 0.027 percent molybdenum, and 2.2 g/tonne silver.