Cerro de Pasco

30 31 cerro de pasco The greatest investment of the XXth century 1876 1901 1883 1897 1896 1890 1877 1889 1893 1900 [ July 23 ] Eduardo de Habich founds the Lima Engineering School in the San Marcos Mansion. The new Mining Code is enacted, creating a favourable environment for investments. The War with Chile leaves the entire national production capacity destroyed and the economy in ruins. The Mining Society presents the proposal for a new Mining Code requested by the Ministry of Development and Public Works. [ May 22 ] Mining is granted exemption from all additional taxes excepting the property tax for national reconstruction. Ben Ali Haggin, Alfred McCune and George Hearst set up a partnership in the Cerro de Pasco Syndicate to explore the possibility of developing the deposits in the Peruvian highlands. Mr.Eulogio Fernandini builds the Huaracaca smelter near Colquijirca. The Lima - La Oroya Railway is inaugurated. It functioned under the administration of the Peruvian Corporation. President Lopez de Romaña, acting on behalf of the State, hires Empresa Socavonera de Cerro de Pasco to build a mining drainage tunnel. Timeline 1876/ 1901 The Agricultural and Mining Society is created to promote the development of both production activities.

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