of Cardiff
1864 David Davies took a lease of mineral property between Tonpentre and Treorci in the upper Rhondda valley, not hitherto a coal-producing area.
After two years of anxiety for Davies, one of the finest seams of steam coal in the world was struck in the Maendy pit, Cwmparc.
1867 The Ocean Collieries Company was set up to exploit the discovery
1870 New pit sunk at Dare
1877 New pit at Bwllfa.
1887 The Ocean Coal Company was registered on 1 April [1] as a limited liability company
By 1900 the Ocean company had four collieries producing more than 1.5 million tons of coal annually, and many other pits had also been profitably established.
The Rhondda valleys were now a booming industrial area, Davies was a millionaire, and Ocean stood second only to Powell Duffryn as a mass producer of quality Welsh steam coal.
See Also
Sources of Information
- ↑ The Stock Exchange Year Book 1908
- Biography of David Davies, ODNB