Kennecott Copper Corporation - Specimen Stock Certificate
Inv# SE2139 Specimen Stock
New York
Specimen Stock printed by American Bank Note Company.
Kennecott Utah Copper LLC (KUC), a division of Rio Tinto Group, is a mining, smelting, and refining company. Its corporate headquarters are located in South Jordan, Utah. Kennecott operates the Bingham Canyon Mine, one of the largest open-pit copper mines in the world in Bingham Canyon, Salt Lake County, Utah. The company was first formed in 1898 as the Boston Consolidated Mining Company. The current corporation was formed in 1989. The mine and associated smelter produce 1% of the world's copper.
Utah Copper Company had its start when Enos Andrew Wall realized the potential of copper deposits in Bingham Canyon, 15 miles (24Â km) southwest of Salt Lake City, Utah in 1887. He acquired claims to the land and started underground mining. In the mid-1890s, metallurgist Daniel C. Jackling and mining engineer Robert C. Gemmell inspected the property and liked the prospects. Both men examined Wall's properties and recommended open-pit mining. In 1898, Samuel Newhouse and Thomas Weir formed the Boston Consolidated Mining Company.
Jackling and Wall formed the Utah Copper Company on 4 June 1903, with Charles L. Tutt, Sr., Charles MacNeill, Spencer Penrose, Boies Penrose, Tal Penrose, and Dr. R.A.F. Penrose as investors. MacNeill was named president, Spencer "Speck" Penrose was named secretary-treasurer, and Jackling was named general manager. The company immediately started a pilot mill at Copperton.
Kennecott laid off 200 workers in March 2016 due to a fall in global commodity prices. Read more at https://en.wikipedia.org/wiki/Kennecott_Utah_Copper
Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firm’s products. These are usually marked "Specimen" and have no serial numbers.
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