Description

Formed to acquire as a going concern the Boscaswell mine, which was a set covering an area 1 mile by 1.5 miles, and was in close proximity to several other major mines.

At the time of formation, the set had been extensively prospected and worked, with shafts having been sunk to the 210fm (1,260ft) level. The prospectus for the new company advised that there were four large steam engines on the property as well as a significant amount of plant, with the monthly production by the current operators being around 20 tons per month. The prospectus proposed to expand the plant and to also deepen the mine as well as open the areas that had been discovered but not yet worked. For the purchase of the property the consideration was £11,000 in cash and £33,000 in shares.

Little other information is currently available as to what work was under taken at the property by this company until a court case was brought by two miners that had been working a tribute below the 180fm level, this bargain had been struck with the previous adventures that had been working the mine. The miners had broken around 250 tons or ore before the mine was sold, while the mine was being sold the old adventures allowed this section of the mine to be flooded. Once this company had taken over the mine the area was dewatered, the miners offered to raise the ore and finish their bargain but this was declined by the company who raised and dressed the ore for themselves. The miners took the company to court to reclaim the £37 6s they believed they were owed for the work they had done, the outcome of this claim is currently not known.

1874 was not a good year for this company as in April that year two cases where brought before the stannaries’ court to wind up the company by its creditors, this was granted by the court which ordered the assets sold at auction on 3rd of November 1874.