In the early years of the twentieth century the need for coal was growing both in America and Europe, and local business men in Wales were looking for new opportunities to fill the demand. 
Among these were a group known as the Tredegar Iron and Coal Company, made up of wealthy industrialists from the Maclaren, Markham, Pochin, Whitworth and Wyllie families. They decided to create a group of collieries in the Sirhowy Valley, which explorations had told them contained rich seams of " black gold." One of these was at the small rural hamlet of Rhiw Syr Dafydd.
Work began clearing the site for the new colliery at Ty Mellyn, Oakdale, with the sinking of the pit in 1907. Waterloo shaft followed in 1911.
The shafts, North (upcast), and South, were 626 and 650 yards deep respectively, and were the largest diameter shafts in South Wales at the time.
Opened in 1911, the colliery was owned by the Oakdale Navigation Collieries Ltd, a subsidiary of the Tredegar Iron Company. At its peak in 1938 it employed a workforce of 2,235, when production reached one million tons per year.
The pit closed in 1989 and the tips have now been landscaped and converted into platforms for industrial development.
|This industry-related article is a stub. You can help Wikipedia by expanding it.|