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- W2297826243 abstract "In the late 1890s an obscure mining investor from South Africa, (David Ziman 1862-1920), was instrumental in the restructuring and modernisation of the gold mining industry at Reefton, New Zealand's second biggest gold field. Born in Czarist Poland, which he fled as a teenager, Ziman was a barrow boy in London before emigrating to the Cape Colony where he became a trader in ostrich feathers. He was a founding broker of the Johannesburg Stock Exchange in 1887. He soon amassed considerable wealth, but was bankrupted in a collapse of the Rand share market in 1890. With adroit trading in a few years he restored his wealth. On a holiday to New Zealand in 1895 to visit his wife's family, his attention was directed to Reefton which was in a prolonged slump despite the favourable economic conditions for gold mining associated with price deflation in New Zealand during most of this period. Ziman devised an audacious plan to gain control of the main mines in Reefton for floating in London, forming a substantial company with the Rothschilds. This company transformed and modernised the industry in Reefton. Ziman spent the last years of his life struggling to prove his disputed assertion that the orebody of the Blackwater mine extended at depth into the contiguous Prohibition lease that he controlled. Vindication of his vision came only after his death." @default.
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- W2297826243 date "2009-09-01" @default.
- W2297826243 modified "2023-09-23" @default.
- W2297826243 title "Exciting Career of an Obscure Mining Entrepreneur: David Ziman (1862-1920)" @default.
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