The Maughold Head Mining Company was a mining company formed to explorate around the area of

Maughold Head Maughold Head is the easternmost point of the Isle of Man and the closest point in the Isle of Man to England, being from St. Bees Head in Cumbria. Maughold Head lies in the northeast of the island, some from Ramsey, at the southern end of ...

on the

Isle of Man The Isle of Man ( , also ), or Mann ( ), is a self-governing British Crown Dependency in the Irish Sea, between Great Britain and Ireland. As head of state, Charles III holds the title Lord of Mann and is represented by a Lieutenant Govern ...

. The company's registered offices were at 30, John St, Bedford Row, London.'Manx Sun.'' Saturday, 29 March 1873; Page: 16

History

The company was formed with the intention of working two important mining setts in the Parish of Maughold comprising a total area of 445

acres The acre ( ) is a unit of land area used in the British imperial and the United States customary systems. It is traditionally defined as the area of one chain by one furlong (66 by 660 feet), which is exactly equal to 10 square chains, ...

, and which essentially comprised the

Maughold Head Mine The Maughold Head MineIsle of Man Times, Saturday, March 29, 1873; Page: 8 was a copper mine located in the parish of Maughold, Isle of Man.'Manx Sun.'' Saturday, March 29, 1873; Page: 16 History Mining was a thriving industry on the Isle of Ma ...

and the

Dhyrnane Mine The Dhyrnane Mine was a hematite and iron ore mine located in the parish of Maughold, Isle of Man.''Manx Sun.'' Saturday, March 29, 1873; Page: 16 History Mining on the Isle of Man can trace its origins as far back as the 13th century. Records ...

.''Isle of Man Times, Saturday.'' 29 March 1873; Page: 8 The company comprised a called up capital of £25,000 in the form of £2 shares. The directors of the company included Thomas Hazledine, who also had an interest in mining ventures in

Cornwall Cornwall (; or ) is a Ceremonial counties of England, ceremonial county in South West England. It is also one of the Celtic nations and the homeland of the Cornish people. The county is bordered by the Atlantic Ocean to the north and west, ...

– notably the Phoenix United Mine and Charles Cleator who was Chairman of the Douglas Town Commissioners and a director of the

Great Laxey Mine The Great Laxey Mine was a silver, lead ore and zinc mine in Laxey, in the parish of Lonan (parish), Lonan, Isle of Man. The mine exceeded a depth of and consisted primarily of three shafts: the Welsh Shaft, the 's Shaft and the Engine Shaft; e ...

. The company secretary was William Mapleson. However the yield realised from the mine workings never compared to that of the company's prospectus and in February 1874, less than a year after its inception, the Maughold Head Mining Company went into

liquidation Liquidation is the process in accounting by which a Company (law), company is brought to an end. The assets and property of the business are redistributed. When a firm has been liquidated, it is sometimes referred to as :wikt:wind up#Noun, w ...

. Despite its operations being confined to the

the Maughold Head Mining Company was never registered on the Isle of Man under the Companies' Act. The company remained in

for a considerable time, the winding up being unable to be undertaken on the

as the company was registered in the United Kingdom, a completely separate jurisdiction. A protracted litigation of the creditors against the company continued finally being settled in 1881 following which the company was wound up.''Isle of Man Times.'' Saturday, 2 April 1881; Page: 2

References

Companies established in 1873 1873 establishments in the Isle of Man Mining companies of the Isle of Man British companies established in 1873 Iron ore mining companies Defunct companies of the Isle of Man {{mining-company-stub