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.