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| History : |
North Broken Hill Ltd is one of the great Companies in the history of Australian mining. It has its origins in the formation of the North Mining Co., which acquired the Cosmopolitan (Block 17) mine for £15,000 in 1885 from the prospectors Nicholls and Anderson. The North Broken Hill Silver Mining Company No Liability was formed in the same year, and interests were extended by the acquisition of the Block 14 mine.
The Company had early struggles. It did not pay a dividend until 1899. In 1904 the adjacent and highly valuable Victoria Cross Mine was obtained, and in 1905 the Company was reconstructed as the North Broken Hill Mining Company No Liability.
North Broken Hill Ltd was formed by a further reconstruction in 1912. In 1915 the Company, along with Broken Hill South, Zinc Corporation and British Broken Hill Pty Ltd, bought a majority interest in the Broken Hill Pty Co Ltd's smelters at Port Pirie, South Australia. This commenced the North Company's development of an investment portfolio, including many areas of interest other than mining, which is now a highly significant section of its assets.
In 1923 the North Company obtained British Broken Hill. The Junction and North Junction mines were obtained during the depression of the 1930s. |
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Mining companies |
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