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Dr Marcus D Banghart

Category: TCL Management and Staff Date of Birth: ???? Date of Death: ????

Born in Nebraska, USA, Banghart graduated in geology from the University of Nebraska. He worked initially for Anaconda, in Butte, Montana, and then emigrated to Ecuador to work for a gold producer called the South American Development Company. He joined Newmont in 1934 as manager of the Island Mountain Mine in British Columbia. In 1939 he was transferred to Newmont’s Berens River Mine in Canada, before moving to South Africa in 1941 as manager of the O’okiep Copper Company. 

Banghart was part of the Newmont team that investigated, and eventually participated in, the Tsumeb Corporation Ltd syndicate that purchased the Tsumeb Mine from the Custodian of Enemy Property of the Union of South Africa in 1947, and he became Tsumeb’s first post-war general manager.  Banghart retained the role of Managing Director of the Tsumeb Corporation between 1953 and 1969, although he returned to the USA in 1954 as a vice-president of Newmont, with responsibility for all of the company’s Newmont-managed mining properties.  (Ramsey, 1973.)

The photograph shows Dr Banghart (seated) accompanied by Messrs Jim Ratledge (at left) and Charlie Stott, both of whom were also general managers of the Tsumeb Corporation.

Image courtesy of the Tsumeb Museum, Tsumeb, Namibia.

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