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9. Quarry-: Starting a quarry is also a very good business idea because stones are very important materials used in the construction industry. 10. Equipment leasing-: Not everyone in the mining industry can afford to buy all of the equipment that they need. You could purchase these equipment’s and rent them out to other people for a fee. 11.
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completed and the first iron ore was hoisted through the new shaft late in March 1955. Shaft sinking of the Cannon property started August 22, 1951. Ore is now being hoisted 1,000 feet from the new seventh level. Republic Steel Company announced plans to open the Genesee iron ore body, which lies adjacent to the Tobin mine, Crystal Falls location.
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The only exception was the Robesonia Iron Company, a small indepednent section that remained free of Bethlehem ownership until 1926, when Bethlehem acquired it and thus gained sole control of the ore desposits. The Cornwall iron ore deposit became one of the most valuable in the United States.
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