Consolidated Gold Fields was a British

gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile met ...

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 via ...

company. It was listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and was a constituent of the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest market ...

until it was acquired by

Hanson Hanson or Hansson may refer to: People * Hanson (surname) * Hansson (surname) * Hanson (wrestler), ringname of an American professional wrestler Musical groups * Hanson (band), an American pop rock band * Hanson (UK band), an English rock ...

in 1988.

History

Consolidated Gold Fields of South Africa 1898

Consolidated Gold Fields of South Africa was founded in 1887 and incorporated in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

to fund the newly discovered gold reefs in the

Transvaal Transvaal is a historical geographic term associated with land north of (''i.e.'', beyond) the Vaal River in South Africa. A number of states and administrative divisions have carried the name Transvaal. * South African Republic (1856–1902; af, ...

.Monopolies & Mergers Commission Report into potential acquisition of Consolidated Gold Fields by Minorco
/ref> By 1900 it had already started to diversify outside

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...

. After 1945 it acquired mines in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

and

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

. Until the 1970s, it was predominantly a mining finance house receiving income from passive investments. In 1970 A.R.O. Williams O.B.E, who was then Managing Director, retired. After the 1970s it transformed itself into natural resource group concentrating on a relatively small number of minerals. The company had three major wholly owned subsidiaries:

Amalgamated Roadstone Corporation Amalgamated Roadstone Corporation (ARC) was a British stone quarrying company. History Amalgamated Roadstone Corporation Ltd. was formed on 23 April 1935 to acquire six quarry companies in Britain. These were Betty and Tom Ltd, Carreg-y-Liam Qu ...

, Gold fields Corporation and ARC America, both in the United States. By the late 1980s it was considering withdrawing from South Africa completely. It was then the subject of an acrimonious, hostile and unsuccessful take-over bid by

Minorco The Minorco SA (Minerals and Resources Company) was a mining company based in Luxembourg. It was set up by the South African Anglo American Corporation in 1987 to hold its non-African, non-diamond mining operations. Although Minorco was quoted on ...

early in 1988. Consolidated Gold Fields played a key role in ending apartheid in South Africa; Michael Young, the company's public affairs director embarked on the controversial course of initiating secret discussions between the South African government and the

African National Congress The African National Congress (ANC) is a Social democracy, social-democratic political party in Republic of South Africa, South Africa. A liberation movement known for its opposition to apartheid, it has governed the country since 1994, when ...

Mells Park House Mells Park is a country estate of near Mells, Somerset, England. It originated as a 17th-century deer park, probably created by the Horner family, who had been the owners of Mells Manor from 1543. The Horners expanded the park and planted exte ...

in the company's estate in Somerset. This ultimately resulted in the release of

Nelson Mandela Nelson Rolihlahla Mandela (; ; 18 July 1918 – 5 December 2013) was a South African Internal resistance to apartheid, anti-apartheid activist who served as the President of South Africa, first president of South Africa from 1994 to 1 ...

in 1990 and the handover of power to majority rule: the events are described in book ''The Fall of Apartheid'' by Robert Harvey and the 2009 television film ''

Endgame Endgame, Endgames, End Game, End Games, or similar variations may refer to: Film * ''The End of the Game'' (1919 film) * ''The End of the Game'' (1975 film), short documentary U.S. film * ''Endgame'' (1983 film), 1983 Italian post-apocalyptic f ...

''.Briton who helped end South Africa's apartheid
The Times, 4 May 2009

Demise of the business

The company was acquired by

in 1988 for £3.5bn.Obituary: Lord Hanson
The Times, 3 November 2004

History

Demise of the business

References

Further reading