 On 30 October of that year, through the signing of the Rudd Concession by King Lobengula of Matabeleland, he obtained exclusive mining rights across all of Lobengula's territories in Matabeleland, Mashonaland and beyond for his soon-to-be-formed British South Africa Company (BSAC).Queen Victoria granted the BSAC a royal charter to administer and develop these territories on 29 October 1889, for an initial period of 25 years.This charter included the right to take possession of, deal with, and dispose of land.