Union Corporation Limited was a South African mining house. It was founded as the A Goerz & Co Ltd in the late 1890's as a gold mining company. After World War One, it was renamed the Union Corporation. In 1980 it was merged into the General Mining and Finance Corporation later called Gencor.
History
It was founded on 29 December 1897 as A Goerz & Co Ltd.
[ It took over the interests of the British registered company founded by Adolf Goerz in 1893. It had purchased 326 claims on the Witwatersrand gold fields.][ In 1902 the company 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 P ...
after a share offering was taken up by British and French investors.[ The company was renamed Union Corporation in 1918.
The company owned the East Geduld. In 1947, the construction of the St Helena mine began in the Orange Free State. It discovered the Evander goldfields in 1951,][ and would open four mines in ]Evander
Evander is a masculine given name. It is an anglicization of the Greek name Εὔανδρος (lit. "good man", Latinized ''Evandrus'').
It has also been adopted as an anglicization of the Gaelic name Iomhar (the Gaelic variant of the name Ivor ...
.[
In 1969, it started Impala Platinum, and became a uranium producer at Beisa in 1978.][ Other interests included mineral sands north of Richards Bay as Richards Bay Minerals and had an interest in the Port of Richards Bay development.][
Key personalities included ]Henry Strakosch
Sir Henry Strakosch GBE (9 May 1871 – 30 October 1943) was an Austrian-born British banker and businessman. As a Jewish financier, his close ties to Winston Churchill were exploited by Nazi propaganda during the 1930s and World War II, and by ...
, who was appointed Managing Director in London in 1902 and Peter Maltitz Anderson, who joined the company in 1911 and became Manager of UCL in 1921.Union Corporation Ltd (UCL), MyFundi
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In 1980 the group merged with General Mining and Finance Corporation to form Gencor Gencor Ltd was a South African based mining company. It was formed in 1980 after the merger of the General Mining and Finance Corporation and the Union Corporation. Parts of the company are now owned by Gold Fields and BHP.
History
Gencor has it ...
,[ which was in turn amalgamated with ]Gold Fields
Gold Fields Limited (formerly The Gold Fields of South Africa) is one of the world's largest gold mining firms. Headquartered in Johannesburg, South Africa, the company is listed on both the Johannesburg Stock Exchange (JSE) and the New York Sto ...
in 1998.
See also
* Borehole UC 65
References
{{reflist
Authority control
In information science, authority control is a process that organizes information, for example in library catalogs, by using a single, distinct spelling of a name (heading) or a numeric identifier for each topic. The word ''authority'' in ''au ...
Mining companies of South Africa
Mining in South Africa