 | |
| Industry | Resource Development |
|---|---|
| Founded | 17 April 1953 |
| Defunct | 30 May 1986 |
| Fate | Merged with Dorset Resources |
| Successor | Consolidated Brinco |
British Newfoundland Corporation Limited, or after 1971 Brinco Limited, was incorporated by a consortium of British companies in 1953, which undertook industrial development opportunities in the province of Newfoundland and Labrador, Canada. The company was involved in the construction of the Churchill Falls Generating Station.
The concept for BRINCO was conceived in 1952 by Premier of Newfoundland and Labrador Joey Smallwood, who sought to bring industrial development to the province. Smallwood travelled to the United Kingdom to court private sector companies, offering large tracts of undeveloped resource land in both the Labrador and Newfoundland areas of the province in exchange for guaranteeing the development of any natural resources discovered.
After numerous meetings with some of the political and industrial leaders, including Sir Winston Churchill and Anthony Gustav de Rothschild, Smallwood was successful in having seven large British corporations form a consortium to explore, investigate, and, where feasible, to develop natural resources in the province.
The seven founding firms are as follows;
They were joined by seventeen other firms before the principal agreement was signed with the Government of Newfoundland in 1953. These additional firms included Bank of Montreal, Royal Bank of Canada and Suez Canal Company.
On 30 May 1986, Brinco amalgamed with Dorset Resources Limited of Calgary to form Consolidated Brinco Limited. [1] On 1 March 1992, Consolidated Brinco merged into Hillsborough Resources. [2]
Labrador is a geographic and cultural region within the Canadian province of Newfoundland and Labrador. It is the primarily continental portion of the province and constitutes 71% of the province's area but is home to only 6% of its population. It is separated from the island of Newfoundland by the Strait of Belle Isle. It is the largest and northernmost geographical region in the four Atlantic provinces.
Joseph Roberts Smallwood was a Newfoundlander and Canadian politician. He was the main force who brought the Dominion of Newfoundland into Canadian Confederation in 1949, becoming the first premier of Newfoundland, serving until 1972. As premier, he vigorously promoted economic development, championed the welfare state, and emphasized modernization of education and transportation. The results of his efforts to promote industrialization were mixed, with the most favourable results in hydroelectricity, iron mining and paper mills.
The Liberal Party of Newfoundland and Labrador is a political party in the province of Newfoundland and Labrador, Canada. The party is the provincial branch, and affiliate of the federal Liberal Party of Canada. It has served as the Government of Newfoundland and Labrador since December 14, 2015. The NL Liberals were re-elected to a majority government in the 2021 provincial election.
The Progressive Conservative Party of Newfoundland and Labrador is a provincial political party in Newfoundland and Labrador, Canada. The party was founded in 1949 and most recently formed the Government of Newfoundland and Labrador from the 2003 general election until the 2015 general election. The party has served as the official opposition to the government of Newfoundland and Labrador since 14 December 2015. On October 14, 2023, MHA Tony Wakeham was elected leader.
BP Canada was a Canadian petroleum company and subsidiary of British Petroleum that existed between 1955 and 1992. The name refers to a group of companies that engaged in various segments of the petroleum industry lifecycle. BP entered the Canadian market in October 1953, when it purchased a 23 percent stake in the Triad Oil Company. In 1955, BP formed a Canadian subsidiary, based in Montreal, called BP Canada Limited. The company began acquiring retail stations in Ontario and Quebec and in 1957 started construction on a refinery in Montreal. By the end of the 1950s BP Canada was a fully-integrated operation. In 1964, it acquired from Cities Service the Oakville Refinery, and then expanded its operations significantly in 1971 when it acquired Supertest Petroleum.
Twin Falls is the site of a hydroelectric power station developed by the British Newfoundland Development Corporation (Brinco) to deliver power to mining operations in Labrador City and Wabush. Commissioned in 1963, its operation ended in 1974.
Dominion Stores, commonly referred to as simply Dominion, is the primary brand name of the major-market supermarkets of Loblaw Companies Limited in the province of Newfoundland and Labrador, currently all located on the island of Newfoundland.
Newfoundland and Labrador Hydro, commonly known as Hydro, is a provincial Crown corporation that manages the generation, transmission and distribution of electricity in Newfoundland and Labrador, as well as portions of Quebec and the north-eastern areas of the United States. Between 2007 and 2021, NL Hydro was a subsidiary of the provincial Crown-owned energy holding company Nalcor Energy.
The Bay D'Espoir Hydroelectric Development, built by the Newfoundland and Labrador Power Commission is located on the south coast of Newfoundland near the rural community of Bay d'Espoir. It was the second major hydroelectric project undertaken on Newfoundland.
Churchill Falls (Labrador) Corporation Limited, also known as CF(L)Co or CFLco is a Canadian electric company. The company was founded in 1961 and is based in St. John's, Newfoundland and Labrador. Churchill Falls (Labrador) Corporation Limited operates as a subsidiary of Newfoundland and Labrador Hydro.
Paul Jolliffe Johnson, ONL was a businessman and philanthropist born St. John's, Newfoundland, the son of Marjorie (Jolliffe) and Arthur Johnson. He was educated at Prince of Wales College, King's College, Mount Allison Academy and Mount Allison University.
Reference Re Upper Churchill Water Rights Reversion Act (Nfld) [1984] 1 S.C.R. 297 is a famous constitutional reference question put to the Supreme Court of Canada. The Court found that legislation passed by the government of Newfoundland to take back water rights contracted out to the province of Quebec was unconstitutional. The decision had a huge impact on both provinces, as the Churchill Falls generating station is one of the biggest producers of hydro-electric power in the region and the agreement guarantees Quebec will receive a majority of the revenue from the Falls until 2034.
Thomas William Kierans, FCSCE, P. Eng. was an engineer. He was the originator and principal proponent of the Great Recycling and Northern Development Canal or GRAND Canal.
The province of Newfoundland and Labrador covers the period from habitation by Archaic peoples thousands of years ago to the present day.
The Canadian province of Newfoundland and Labrador has a unicameral legislature, the General Assembly composed of the Lieutenant Governor and the House of Assembly, which operates on the Westminster system of government. The executive function of government is formed by the Lieutenant Governor, the premier and his or her cabinet.
Nalcor Energy was an energy corporation which headquartered in St. John's, Newfoundland and Labrador. A provincial Crown corporation under the Government of Newfoundland and Labrador, Nalcor Energy was created in 2007 to manage the province's energy resources.
Calvert Coates Pratt OBE was a Newfoundland businessman and a Canadian Senator. He was president of Purity Factories, a Newfoundland food manufacturer. He was also a director of Newfoundland Light and Power, the Canadian Bank of Commerce, British Newfoundland Development Corporation (BRINCO), and a number of other businesses.
The Churchill Falls Generating Station is a hydroelectric underground power station in Labrador. At 5,428 MW, it is the sixteenth largest in the world, and the second-largest in Canada, after the Robert-Bourassa generating station in northwestern Quebec.
Arthur Raymond Lundrigan, OC, LL.D., D.Eng. was a Canadian businessman based in Newfoundland and Labrador, involved in the development and construction of such projects as the Bay d'Espoir Hydroelectric Power Station, the Churchill Falls Generating Station, and the Come By Chance Refinery.
William David Mulholland Jr. was an American banker who served as president, chairman, and chief executive officer of the Bank of Montreal. Mulholland began his career in 1952 with Morgan Stanley, and in 1962 was made a partner in the firm. Whilst a partner at Morgan Stanley in the 1960s, he arranged the financing for the construction of the Churchill Falls Generating Station by the British Newfoundland Corporation (Brinco). In 1970, Mulholland was appointed president of Brinco, at which time he moved to Montreal. In November 1974, Mulholland was appointed president of the Bank of Montreal, effective January 1, 1975. Mulholland was given the additional title of chief executive officer in January 1979, and in July 1981 ceded the presidency to become chairman of the board. He remained chief executive until July 1989, and retired as chairman at the bank's annual meeting in January 1990. Mulholland died on September 8, 2007 at age 81.