Abstract: A hoisting system for use in elevating personnel or other materials preferably within a mine, or other low level installations, incorporating a capsule which is suspended by a singular cable that is fed out from a winding drum, a tension weight suspended below and in alignment with the capsule, being supported by the same cable, and a jib-crane assembly located at the upper reaches of the hoisting assembly to provide for feed out of the cable through its sheave assembly to furnish, at least initially, a lowering of the tension weight to its lowermost extent for coming to rest upon a base, while thereafter the continued unwinding or rewinding of the cable provides respectively for the lowering or raising of the capsule between various levels for effecting transfer of personnel and materials along the shaft heighth.