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The History of Mining: The events, technology and people involved in the industry that forged the modern world by Michael Coulson

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19. London Rises from the Ashes

By the end of the 1980s London, once the giant of the mining world in terms of control and finance, hosted just one major world class mining company, RTZ, which was a founder constituent of the FTSE 100 when it was formed in 1984. Twenty years later London was awash with large mining groups seeking money and primary listings in an atmosphere reminiscent of the City’s heyday as the centre of world mining finance at the height of the British Empire’s power in the Victorian era.

The reasons for London’s fall from grace as a mining centre, before this astonishing revival, were multiple. Perhaps the key reasons, related to Britain’s much reduced political and economic position in the world following the Second World ...

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