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 its origins as the General Mining and Finance Corporation (GMFC) formed in Johannesburg in December 1895.[1]: 121 It would control the Witwatersrand mining business of George and Leopold Albu.[1]: 121 It controlled mines such as Meyer and Charlton, Van Ryn Gold Mines Estate, New Steyn Estate Gold Mine and West Rand Consolidated Mines.[1]: 121 After George's death in 1963, a majority interest was purchased by Federale Mynbou Bepark (FEDMYN).[1]: 121 This purchase created the first Afrikaner owned mining corporation.[2]
By 1979, GMFC had eventually bought out the Union Corporation, another gold mining corporation.[1]: 121 In 1980, the merger of the two took place with the merged business called General Mining and Union Corporation and eventually called Gencor in 1989.[1]: 121
In 1994, South Africa's Gencor Ltd. acquired the mining division of Billiton excluding the downstream metal division.[3] Billiton was divested from Gencor in 1997,[4] amalgamating with Gold Fields of South Africa to become Gold Fields Limited in 1998.[5] In 2001, Billiton would merge with BHP to become BHP Billiton and later just BHP.
References
- ^ a b c d e f Musiker, Naomi; Musiker, Reuben (2000). A Concise Historical Dictionary of Greater Johannesburg. Cape Town: Francolin. ISBN 1868590712.
- ^ Ball, James (23 August 2016). "End of an era for historic mining firm". The Heritage Port. Retrieved 13 March 2018.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "Shell Unit Sells Assets To Gencor". New York Times. 27 July 1994. Retrieved 18 April 2011.
- ^ "Gencor pops champagne". Btimes.co.za. Retrieved 18 April 2011.
- ^ Gold Fields "Our History". Retrieved February 14, 2018.