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Economy

3M originally mined grinding wheel minerals

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Minnesota Mining and Manufacturing was founded in 1902 to mine corundum for grinding wheels. Except, they completely failed at geology and were actually mining anorthosite, a totally worthless mineral. On the verge of bankruptcy, they desperately pivoted to making sandpaper, eventually snowballing into the chemical giant that makes tape and sticky notes.

3M originally mined grinding wheel minerals
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