Mexico: Its Ancient and Modern Civilisation, History, Political Conditions, Topography, Natural Resources, Industries and General DevelopmentEnock, C. Reginald (Charles Reginald)
History
Mexico: Its Ancient and Modern Civilisation, History, Political Conditions, Topography, Natural Resources, Industries and General Development
Enock, C. Reginald (Charles Reginald)
Mexico
The principal gold-producing States are Chihuahua, Sonora, Zacatecas,
Guerrero, Oaxaca, Mexico, Lower California, Hidalgo, Chiapas, Coahuila.
No less than eighteen of the States of Mexico contain gold-bearing
districts.
Hydraulic, or _placer_, mining for gold has not been much considered as
a source of supply, as there are no great alluvial deposits, so far
known, such as exist in other parts of North and South America.
Nevertheless, something has been done in this way, principally in the
States of Chihuahua and Guerrero. The geological formation, however,
does not point the probability of the existence of great alluvial
deposits, and the _placers_ take the form of river bars principally.
The rise of Mexico's gold-production has been rapid. The country now
holds sixth place. In 1893 its value was less than 4 per cent. of that
of the silver output, whilst in 1894 it jumped to 14 per cent., and in
1902, 20 per cent. The export of gold bullion in 1890 was only half a
million Mexican dollars, whilst in 1903 it had risen to 11-1/2
millions. The value of the total gold production for 1907 was 3-3/4
millions sterling.
Among other producing mines is the Providencia, of Guanajuato, yielding
gold, silver, and iron. Yet another is the "San Rafael and Anexas," a
regular dividend-payer, whose net profits for 1907 are given as
three-quarters of a million dollars. The famous region of Tlalpujahua
is once more receiving attention.
_Copper_.--The rise of Mexico as a copper-producing country has been
remarkable. Less than fifteen years ago the Republic was unheard of as
a source of the red metal, now it ranks second in the world's output,
coming next to the United States with a production for the year 1907 of
56,600 tons. The following States are those which are most important as
copper-bearing: Chihuahua, Sonora, Coahuila, Zacatecas, Jalisco,
Michoacan, Puebla, Queretaro, Tamaulipas, Lower California, and Colima.
In Sonora the following mines are at work: The Bufa Mining and Smelting
Company; the Trinidad Mining Company, upon which large sums of money
have been spent; the Montezuma Mine, an important enterprise, formed
with an outlay of millions of dollars upon its appliances and workings,
and having a daily capacity of 250 tons of ore, belonging to American
capitalists. The Cananea Consolidated Copper Company, a remarkable
enterprise instituted by American capitalists. Cananea is considered to
be one of the most important copper regions in the world, and a
considerable preliminary outlay made has been justified in the results;
the works exporting several thousand tons of copper monthly. It forms
one of the most complete installations of its nature. The Yaqui River
Smelting and Railway Company is a custom smelter, and affords a market
for much local copper ore. There are other copper-producing enterprises
under development, and the State of Sonora is thus a most productive
source of the red metal.
Public-domain text, read in full here on John Shaqi.
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