Nigeria and its tin fieldsCalvert, Albert Frederick
History
Nigeria and its tin fields
Calvert, Albert Frederick
Tin mines and mining -- Nigeria
The credit, therefore, for placing the Nigerian tin fields before the
British investor is due to Messrs. Walter and Oliver Wethered, and Mr.
S. R. Bastard. It was Mr. Walter Wethered, being impressed by the large
quantities of metal which were being brought down by the natives and sold
to the Niger Company, who formed the opinion that these fields might be
suitable for working on a large scale. Having satisfied himself on this
point he was able to induce Mr. Bastard, and his brother, Mr. Oliver
Wethered, to join in the business, and as a result the Champion Gold
Reefs of West Africa, Ltd., of which Mr. Bastard was Chairman, decided in
the month of September 1909 to embark its remaining capital and all its
energies in the exploitation of the new Nigerian tin field. In October
the first members of their staff were sent out to the properties they
had already secured, to be followed on 3rd November by Mr. C. G. Lush,
the well-known tin expert, who was to advise them as to the best method
of developing their properties. Everything that happened satisfied this
pioneer group of the value of the field, and they formed the Tin Fields
of Northern Nigeria, Ltd., which was registered on 7th October 1909, with
a capital of £100,000. Mr. Bastard became chairman of this company.
The Nigerian Tin Corporation, Ltd., was registered on 14th October 1909,
with a capital of £100,000. On this occasion Mr. Oliver Wethered took the
chairmanship. No further company was floated during the year 1909, but
on 15th January 1910 this same group issued the Naraguta (Nigeria) Tin
Mines, Ltd., with a capital of £175,000. This company has already, in
the few months it has been working, recovered over 300 tons of tin, and
has declared its first dividend. The next venture to be floated by the
Champion Gold Reefs company was the Northern Nigerian (Bauchi) Tin Mines,
Ltd., registered on 2nd February 1910, with a capital of £200,000, of
which Mr. Oliver Wethered became a director.
The foregoing were the first five companies registered for the sole
purpose of working the alluvial tin deposits of Northern Nigeria, and
they were all promoted by this pioneer group, comprising Messrs. Walter
and Oliver Wethered, and Mr. S. R. Bastard. All these companies are
doing excellent work, and showing good results. After February of this
year others entered the field, and since March last a large number of
companies and syndicates have been registered and formed, several of
which are at work.
It was only to be expected that such brilliant results as these would
have the effect of inducing the more conservative firms to enter into the
fields of Northern Nigerian mineral enterprise, and now Messrs. Wernher,
Beit, the Consolidated Gold Fields of South Africa, Fanti Consolidated,
and many other leading groups of bankers and capitalists are represented
in the Bauchi Province.
THE INACCESSIBILITY OF THE FIELD
Public-domain text, read in full here on John Shaqi.
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