Ashley Mining and Phosphate Co. - Stock Certificate
Inv# MS3251 Stock
South Carolina
Stock printed by A. Hoen & Co., Baltimore.
In 2015, 27.6 million metric tons of marketable phosphate rock, or phosphorite, was mined in the United States, making the US the world's third-largest producer, after China and Morocco. The phosphate mining industry employed 2,200 people. The value of phosphate rock mined was US$2.2 billion.
As of 2015, there are 10 active phosphate mines in four states: Florida, North Carolina, Idaho, and Utah. The eastern phosphate deposits are mined from open pits. The western deposits are mined from both surface and underground mines.
The exact phosphate content of the phosphate rock mined in 2015 is not available, but in the latest five-year period for which ore grades are available, 2009-2013, the grade of US phosphate rock varied from 28.5 to 29.0 percent P2O5.
As of 2016, remaining reserves of phosphate rock in the United States totaled 1.1 billion metric tons.
The first large-scale phosphate mining in the US were in the vicinity of Charleston, South Carolina, in Charleston, Colleton, and Beaufort counties. Mining started in 1868 and continued until 1938.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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