Globeville Story: Globe ASARCO

Monday, May 23, 2011

Globe ASARCO

According to historian Jerome C. Smiley in 1901,“...their [smelters] economic value to the city of Denver far exceeds that of any other industry; indeed, it may be said that it overshadows that of all other industries.”1. The remnants of one of the state’s most significant smelters, the Globe, rests on a hill just west of the neighborhood that shares it’s name.
The plant began life as the Holden Smelter and was organized in 1886 by entrepreneur Edward R. Holden as a silver/lead smelter, using the latest technology. Holden was known as a promoter and speculator and had borrowed great sums from the Colorado National Bank to build the operation. When the smelter veered toward bankruptcy under Holden, the bank appointed Dennis Sheedy manager and he reorganized the firm as the Globe Smelting and Refining Company on January 16, 1889. A company store, hotel and houses surrounding the plant, once called “Holdenville” were then referred to as “Globeville.”2.
The Globe Smelter was “integrated” with its own sampling works, crushing mills, roasting units, blast furnaces, refinery and was considered a major force in the industry. In 1899, the Globe joined a number of other smelting concerns to form a powerful trust, the American Smelting and Refining Company (ASARCO), with the clout to negotiate rates for labor, freight, ore, smelting and political influence.
The price of metals increased during World War I and mines and smelters prospered, but by 1919, market conditions had changed and many of the nation's rich ores had been depleted. The Globe discontinued smelting operations and turned to producing cadmium, becoming a leading supplier of the element used as a protective coating for aircraft during World War II. In 1993 the firm again changed direction and focused on the development of specialty metals, such as bismuth.
1993 is also the year a group of residents won a lawsuit against the corporate giant, alleging air, soil and groundwater pollution. A second group of citizens were awarded funds in 1997 to remediate the soil in the southern section of Globeville. ASARCO declared bankruptcy in 2006 and the plant sat empty and abandoned.
2011 marks the beginning of a new life for the area as EFB Brownfield Partners plans remediation and development for the property. It is hoped that an industry once so vital to the economy of the region could bring life and rebirth to the Globeville neighborhood.
1. Smiley, Jerome C. History of Denver, Denver, Colorado: The Times-Sun Publishing Company, 1901, page 556
2. Fell Jr., James E., Ores to Metals, The Rocky Mountain Smelting Industry, 1979,
University of Nebraska Press pg 149.

3. Contaminated Globeville May Get a Second Chance, March 24, 2011,
http://www.thedenverchannel.com/news/27303143/detail.html