The 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 .
5-585: 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
10-489: Is the first minister and head of government for the Canadian province of Newfoundland and Labrador . Since 1949, the premier's duties and office has been the successor to the ministerial position of the prime minister of the former Dominion of Newfoundland . Before 2001, the official title was Premier of Newfoundland . The premier is appointed by the lieutenant governor of Newfoundland and Labrador , as representative of
15-681: The King in Right of Newfoundland and Labrador . They are usually the leader of the party that commands a majority in the House of Assembly . The word premier is derived from the French word of the same spelling, meaning "first"; and ultimately from the Latin word primarius , meaning "primary". The current premier of Newfoundland and Labrador is Andrew Furey , since August 19, 2020. He currently represents Humber-Gros Morne in
20-403: 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
25-491: 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. On 1 March 1992, Consolidated Brinco merged into Hillsborough Resources . Premier of Newfoundland and Labrador The premier of Newfoundland and Labrador
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