Australia - Great Cobar Limited (Copper) - 1910 - share warrant for 10 shares

Cobar is a town in central western New South Wales, Australia whose economy is based mainly upon base metals and gold mining. The town is 712 km (442 mi) by road northwest of the state capital, Sydney. It is at the crossroads of the Kidman Way and Barrier Highway. The town and the local government area, the Cobar Shire, are on the eastern edge of the outback. At the 2016 census, the town of Cobar had a population of 3,990.

In September 1870 three contract well-sinkers, Charles Campbell, Thomas Hartman and George Gibb, were traveling south from Bourke to the Lachlan River. They had engaged two Aboriginal men, Frank and Boney, to guide them via the permanent watering places in the dry country between the rivers. Along the way they camped beside the Kubbur waterhole. The men noted the green and blue staining at the waterhole and collected some rock samples. On their journey further south the well-sinkers stopped at a shanty operated by Henry Kruge (near to the future site of Gilgunnia). Kruge’s wife, Sidwell, was from Cornwall and her family had emigrated to South Australia in the late-1840s and mined copper ore at Burra. She was able to identify the rock as containing copper. Sidwell Kruge's assessment was confirmed when her husband smelted some of the ore samples in his blacksmith's forge. The three men then returned to Bourke, intending to secure the ground around the Kubbur waterhole.

In partnership with Bourke businessman Joseph Becker, Campbell, Hartman and Gibb took up a mineral conditional purchase of 40 acres at the locality. Shortly afterwards the Cobar Copper Mining Company was formed, and the lease of the mine was transferred to the company. In May 1871 it was reported that there had been “a call for tenders for drawing in copper ore from Cobar”. In July 1871 a meeting was held in Bourke “of gentlemen interested in the Cobar copper mine” and shares were “eagerly bought at £15 per share”. By the following November it was reported that “the affairs of the Cobar Copper Mine Company are in a flourishing condition, shares having rushed up from £15 to £70 and £80 per share”.

In December 1871 a correspondent visited “the new Cobar copper mine” in company with Captain Lean, the newly-appointed mining manager. The mine had been in operation for the previous four months. It was situated “on a Pine ridge, and throughout the whole length of the ridge (about half-a-mile) indications of ore are apparent”. The ore was varied, “consisting of blue and red carbonate, red and black oxide, and is of very high quality”. The writer was of the opinion the Cobar mine “promises to be one of the richest copper mines Australia has yet produced”.

The South Cobar Mining Company built a furnace at Cobar and in May 1875 commenced smelting operations. Soon afterwards two additional furnaces and a refinery were built. In December 1875 the Cobar Copper Mining Company amalgamated with the South Cobar Mining Company to form the Great Cobar Copper Mining Company Ltd. It and subsequent companies operated a number of light railways carrying ore and similar material, as well as timber for mine supports. Cobar and many mining outskirts accommodated the miners who travelled to the area in the late 1880s. The overwhelming majority of these were of Cornish Australian stock at the time.

At its peak, Cobar had a population of 10,000. It also became the regional centre for nearby mining villages, such as Canbelego, Mount Drysdale, Elouera, Illewong, Wrightville, Dapville, and The Peak, and some further away such as Nymagee and Shuttleton. However, mining operations in the area had virtually ceased by the early 1920s. In March 1919, the vast Great Cobar Mine, Cobar's main employer, closed. The Chesney Mine had used the Great Cobar's smelters, and it too closed in March 1919. Then came the unexpected closure, due to an underground fire, of the C.S.A. Mine, located to the north of the Cobar township, at Elouera, in March 1920. The Gladstone Mine, at Wrightville closed, around May 1920, because it was reliant upon the copper smelters at the C.S.A. Mine, which closed at that time. The Occidental gold mine, at Wrightville, closed in July 1921. Last, in September 1921, hard rock mining ceased at the Mount Boppy Gold Mine, further away at Canbelego, and the remaining surface operations closed during 1922. In less than four years, all the major mines in the Cobar region had closed. The town was saved by the reopening of the old Occidental gold mine, in 1933, thereafter known as the New Occidental mine, and the Chesney Mine in 1937. These mines both closed in 1952.

By the 1930s the town's population had dropped to little over 1,000, only to rise again and stabilise at around 3,500 through the 1970s and early 1980s. Copper mining was intermittent until 1965 when full-time operations resumed. In the 1980s, gold, silver, lead and zinc were discovered in the area, which led to a further population increase. The town's current positive economic development is due to the affluence of the mining boom. Three important mining belts are operational in the Cobar area: the Cobar belt, the Canbelego belt and the Girilambone belt. Visits to mine sites may be arranged through the Cobar Heritage and Visitor Information Centre overlooking the open cut mine. The Festival of the Miners' Ghost, held during the last weekend in October, is a festival celebrating the spirits of the old miners.

Issuer : Great Cobar Limited (Copper)

Type: share warrant for 10 shares 

Nominal : 50 pounds

Country : UK

Place : London

Issue date : 1910

Cancelled : No

Coupons : Yes

Quality : VF, folded multiple times (see photo)


Shipment Worldwide

  Europe USA China Russia
< 100 grams 6,00 6,00 6,00 6,00
100 - 350 grams 12,00 12,00 12,00 12,00
>350 grams 18,00 20,00 20,00 20,00

 

I will combine wins in one shipment to save shipment cost. 

However if the total wins exceeds 100 grams additional shipments cost are added. 

Shipment will be done in a strong envelope with hardboard cover. 

Amounts above USD 200 require to be send by registered mail at an additional cost.


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