Mohawk Mining Company

The Mohawk Mining Company was a major copper mining company, based in the Keweenaw Peninsula of Michigan, that was established in November 1898 and lasted until 1932. The company, between 1906 and 1932, paid out more than $15 million in shareholder dividends. The Mine is best known for the large amounts of mohawkite that were found on the property. The Mohawk mine operated until 1932; in 1934 it was purchased by the Copper Range Company.
The property was originally considered too far east to contain valuable ore deposits. It was first considered a mining location in 1896, after lumberman Ernest Koch first discovered copper there. The company was later established in November 1898, after Joseph E. Gay had conducted a successful exploration for copper on the property earlier that year. When established, John Stanton was president.
Stocks were offered at a price $7.50, and by the end of 1899 there were 594 individual stockholders.
In 1899, construction on the property began, after the company had raised $7,517.50. Shafts No. 1, No. 2, and No. 3 were dug. Each shaft had three compartments with two skiproads, and a separate pipe and ladder way compartment. Shaft No. 2 had an 8 drill air compressor and No. 3 had a 25 drill air compressor. Both were Ingersoll Sergeant make, with Rand drills for underground use. A fourth shaft was constructed in 1901.

Wikipedia