Isle of Man Mining Company
| Private | |
| Industry | Mining |
| Founded | 1853 |
| Headquarters | Isle of Man, British Isles |
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Area served
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Isle of Man |
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Key people
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John Beckwith, Charles Townsend, Arthur Polts, Henry Churton, Frederic North, Thomas Dixon, John Taylor, Capt. William Kitto (snr) Manager, Capt. William Henry Kitto (jnr) Under Manager, William Kelly, James Mackee, Reginald Potts |
| Products | lead ore; silver ore |
The Isle of Man Mining Company also referred to as the Foxdale Mining Company was a mining company formed to operate the Foxdale Mines on the Isle of Man.
At what date mining operations in the Foxdale district of the Isle of Man commenced is not known, but it is said that the lodes were worked by a London company early in the eighteenth century, and according to handed down traditions and the remnants of ancient workings the operations must of resulted in considerable success, so long as the primitive machinery used to purge the mines of water was of use.
By 1827 the mines in the Foxdale area were being worked by Michael Knott, of Kendal, Cumberland, who had secured a lease to search for metallic ore across the whole of the Isle of Man with the exception of the area around Laxey and the Bishop's Barony. Knott only achieved limited success and engaged the services of a mining agent in Mold with a view to selling his lease. Knott's interest was sold to a group of businessmen from Chester and Liverpool, who formed a private company, the Isle of Man Mining Company, originally divided into 16 equal shares but then reduced to 14 equal shares. The shareholding of the company remained as such until it was brought within the operations of the Joint Stock Companies' Act, resulting in it eventually being registered as a limited company with 2,800 shares of £25 each and a capital of £70,000 in 1853, which were again changed into 14,000 shares of £5 each in 1881.The Company's offices were situated at St Werburgh Chambers, Chester and No 6, Queenstreet Place, London.
Originally the Company's main area of operations were to the east of Foxdale in which a rich vein of ore was worked.
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Wikipedia