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Sierra Leone Selection Trust
The Sierra Leone Selection Trust was formed in 1934 following an agreement between the government of British Sierra Leone and the Consolidated African Selection Trust Ltd (CAST). CAST was formed in 1924 and was part of a much larger mining finance house Selection Trust Ltd which had been founded in 1913 by Alfred Chester Beatty (an American mining magnate). Although the Oppenheimers (De Beers) invested in CAST and its subsidiaries from the 1920s and had boardroom representation, CAST was independent of the Oppenheimer empire. SLST corporation which had exclusive mineral mining rights in Sierra Leone beginning in 1935 was scheduled to last for 99 years. In 1955, the SLST abandoned mineral mining and settled on mining the Yengema and Tongo Fields. However, with the creation of the Sierra Leonean parastatal National Diamond Mining Company in 1971, the diamond company was effectively nationalized, ending the SLST in Sierra Leone. Sources * Peter Greenhlagh - West African Diamonds - ...
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Mining
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desire ...
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British Sierra Leone
The Colony and Protectorate of Sierra Leone (informally British Sierra Leone) was the British colonial administration in Sierra Leone from 1808 to 1961, part of the British Empire from the abolitionism era until the decolonisation era. The Crown colony, which included the area surrounding Freetown, was established in 1808. The protectorate was established in 1896 and included the interior of what is today known as Sierra Leone. The motto of the colony and protectorate was (Latin for "Free under the protection of Britain"). This motto was included on Sierra Leone's later flag and coat of arms. History Origins In the 1780s, London was home to several thousand freed slaves and Black Pioneers, who had gained their freedom fighting on the side of the British in the American Revolutionary War. After several avenues to employment were closed to them, many of the Black Poor ended up destitute, and received support from the Committee for the Relief of the Black Poor. This Committee e ...
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Selection Trust
Selection Trust was a British mining finance house. It was started in 1913 by A. Chester Beatty, a mining engineer from the United States. After the end of the First World War, Beatty built up a substantial portfolio of mining interests, many of them in Africa, but others in Serbia and in Siberia. Initially the company began operations by sharing an office at Number One London Wall in the City of London with the consulting firm of Herbert Hoover, a fellow American mining engineer. The company was chiefly known for its investments in mining for base metals, diamonds and oil. The countries in which it operated included the US, Canada, Mexico, Nicaragua, Guatemala, Chile, Brazil, Peru, Burma, Australia, South Africa, Angola, Tanzania, Northern Rhodesia, Sierra Leone, Gold Coast, French Guinea, Botswana, Hungary, Russia, Yugoslavia and the USSR. It was pioneer in the early days of the North Sea oil and gasfields. Structure Mining finance houses were principally holding companies ...
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Alfred Chester Beatty
Sir Alfred Chester Beatty (7 February 1875 – 19 January 1968)Seanad 1985: "Chester Beatty died at the Princess Grace Clinic, Monte Carlo, on 19 January 1968, .. (some sources give this as 20 January). was an American-British mining magnate, philanthropist and one of the most successful businessmen of his generation, who was given the epithet "the King of Copper" as a reference to his fortune. He became a naturalised British citizen in 1933, knighted in 1954 and made an honorary citizen of Ireland in 1957. He was a collector of African, Asian, European and Middle Eastern manuscripts, rare printed books, prints and objets d'art. Upon his move to Dublin in 1950 he established the Chester Beatty Library on Shrewsbury Road to house his collection; it opened to the public in 1954. The Collections were bequeathed to the Irish people and entrusted to the care of the State in his Irish will. He donated a number opapyrusdocuments to the British Museum, his second wife's (Edith Dunn Be ...
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De Beers
De Beers Group is an international corporation that specializes in diamond mining, diamond exploitation, diamond retail, diamond trading and industrial diamond manufacturing sectors. The company is active in open-pit, large-scale alluvial and coastal mining. It operates in 35 countries and mining takes place in Botswana, Namibia, South Africa, Canada and Australia. From its inception in 1888 until the start of the 21st century, De Beers controlled 80% to 85% of rough diamond distribution and was considered a monopoly. Competition has since dismantled the complete monopoly; the De Beers Group now sells approximately 29.5% of the world's rough diamond production by value through its global sightholder and auction sales businesses. The company was founded in 1888 by British businessman Cecil Rhodes, who was financed by the South African diamond magnate Alfred Beit and the London-based N M Rothschild & Sons bank. In 1926, Ernest Oppenheimer, a German immigrant to Britain and l ...
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Oppenheimer Empire
Anglo American plc is a British listed multinational mining company with headquarters in London, England. It is the world's largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore and steelmaking coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America. Anglo American has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company has a secondary listing on the Johannesburg Stock Exchange. In the 2020 Forbes Global 2000, Anglo American was ranked as the 274th -largest public company in the world. History 1917–1990 Sir Ernest Oppenheimer, a Jewish German émigré, founded the Anglo American Corporation (AAC) in 1917 in Johannesburg, South Africa, with financial backing from the American bank J.P. Morgan & Co. and £1 million raised from UK and US sources to start the gold mining company; this fact is refl ...
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Yengema
Yengema is a town in Kono District in the Eastern Province of Sierra Leone, lying approximately west of Koidu, Koidu Town (the largest city in Kono District), and about east of Freetown. The major industries in and around Yengema are diamond mining and agriculture. The town is home to Yengema Airport, the main airfield serving Kono District. A 2012 estimate of Yengema population was 13,358 people. The population of Yengema is ethnically diverse, though the majority of its residents are ethnic Mandingo and ethnic Kono. The primary language of communication in Yengema is the Krio language, which is widely spoken in the town. Yengema is a predominantly Muslim town, though with a significant Christian minority population In the town. Yengema is home to the Yengema Secondary School (commonly known as YSS), and is among the most prominent secondary schools in Sierra Leone. Before the civil war, Yengema was one of the most populous cities in Eastern Sierra Leone. During the Sie ...
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Tongo, Sierra Leone
Tongo, also known as Tongoma, is a diamond mining town and the second largest city in Kenema District, (after the city of Kenema) located in the Eastern Province of Sierra Leone. Tongo is about twenty seven miles to Kenema. The population of the 60-sq.-mile city is 44,376. The town is the seat of the Tongo Diamond Field, one of the largest diamond-producing areas in Sierra Leone. Demography The city of Tongoma is ethnically and religiously diverse. The city is home to a significant number of most of the country's ethnic groups and attract people from all parts of Sierra Leone, due to the rich diamond mining in the area. Sport As in all parts of Sierra Leone, football (soccer) is by far the most popular sport in Tongo. Children are seen playing street football all over the city. The city even have a professional football club in the Sierra Leone National Premier League called the Gem Stars of Tongo. Tongo Diamond mining Field The Government of Sierra Leone headed by the M ...
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National Diamond Mining Company
National may refer to: Common uses * Nation or country ** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen Places in the United States * National, Maryland, census-designated place * National, Nevada, ghost town * National, Utah, ghost town * National, West Virginia, unincorporated community Commerce * National (brand), a brand name of electronic goods from Panasonic * National Benzole (or simply known as National), former petrol station chain in the UK, merged with BP * National Car Rental, an American rental car company * National Energy Systems, a former name of Eco Marine Power * National Entertainment Commission, a former name of the Media Rating Council * National Motor Vehicle Company, Indianapolis, Indiana, USA 1900-1924 * National Supermarkets, a defunct American grocery store chain * National String Instrument Corporation, a guitar company formed to manufacture the first resonator gui ...
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London School Of Economics
, mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 million (2020–21) , chair = Susan Liautaud , chancellor = The Princess Royal(as Chancellor of the University of London) , director = The Baroness Shafik , head_label = Visitor , head = Penny Mordaunt(as Lord President of the Council ''ex officio'') , students = () , undergrad = () , postgrad = () , city = London , country = United Kingdom , coor = , campus = Urban , free_label = Newspaper , free = '' The Beaver'' , free_label2 = Printing house , free2 = LSE Press , ...
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Financial Services Companies Established In 1934
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assess ...
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Defunct Mining Companies
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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