Marcus Daly bought the original silver mine, named the
Anaconda, in 1880. Daly partnered with George Hearst, James Ben Ali Haggin and Lloyd Tevis in 1881 to develop it, and
the company expanded dramatically in 1882 with the discovery of huge copper
deposits. In 1883, Daly began building a smelter and the town of Anaconda to process copper mined in Butte. In 1899, with
Hearst and Tevis deceased, Haggin retired and Daly restructured the enterprise
into the Amalgamated Copper Company, bringing in H H
Rogers and William Rockefeller.
Anaconda later became one of the largest mining companies
in the world for much of the 20th Century.
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