What is a mining syndicate?
Mining Syndicate: An association of companies or group of
investors formed to develop or operate a mine or to explore for
minerals. The term "mining syndicate" is largely historic. Mining
syndicates were common in the 19th and early 20th centuries, and
were most often formed to provide the capital for a single
property, which they typically were named for. Mining syndicates
were organised as partnerships or as trusts with the investors
recieving share interests in proportion to the amount of their
investment. Investors normally had no direct involvement in the
operations of the syndicate, which was the role of the syndicate
manager(s). Modern day equivalent terms for mining syndicate are
joint ventures and consortiums or limited partnerships.