 | |
| Industry | Resource Development |
|---|---|
| Founded | 17 April 1953 (1953-04-17) |
| Defunct | 23 May 1986 (1986-05-23) |
| Fate | Merged with Dorset Resources |
| Successor | Consolidated Brinco |
TheBritish Newfoundland Corporation Limited, and from 1971 onwardsBrinco Limited, was incorporated by aconsortium ofBritish companies in 1953, which undertook industrial development opportunities in the province ofNewfoundland and Labrador, Canada. The company was involved in the construction of theChurchill Falls Generating Station.
The concept for BRINCO was conceived in 1952 byPremier of Newfoundland and LabradorJoey Smallwood, who sought to bring industrial development to the province. Smallwood travelled to theUnited Kingdom to court private sector companies, offering large tracts of undeveloped resource land in both theLabrador andNewfoundland areas of the province in exchange for guaranteeing the development of any natural resources discovered.
After numerous meetings with some of the political and industrial leaders, includingSir Winston Churchill andAnthony Gustav de Rothschild, Smallwood was successful in having seven large British corporations form a consortium to explore, investigate, and, where feasible, to develop natural resources in the province.
The seven founding firms are as follows;
They were joined by seventeen other firms before the principal agreement was signed with the Government of Newfoundland in 1953. These additional firms includedBank of Montreal,Royal Bank of Canada andSuez Canal Company.
On 30 May 1986, Brinco amalgamed with Dorset Resources Limited of Calgary to form Consolidated Brinco Limited.[1] On 1 March 1992, Consolidated Brinco merged intoHillsborough Resources.[2]
† = died in office