ABSTRACT
Chapter 8 focuses on the post-Second World War years (1945–70) of Tanganyika Concessions which were defined by the turbulence of the world copper markets brought about by the Second World War; the waning influence of the City of London as a financial centre; the collapse of the British-dominated copper empire in Northern Rhodesia; and the expropriation, without compensation, of the installations and property of the Union Minière. For more than 50 years Tanganyika Concessions was headquartered in London, and its directors felt that its independence as a free-standing company provided reliability and security for its shareholders in general, and in particular for its numerous small stockholders. Although Tanganyika Concessions was a London-based mining company, it requires a stretch of the imagination to regard it as a UK industrial project. Tanganyika Concessions of the post-Second World War era may be described as a multinational headquartered in London (until 1952), then Salisbury, Southern Rhodesia (1952–65) and finally in Nassau, the Bahamas (from 1966 onwards).
