WMC Resources
WMC Resources Limited was an Australian diversified mining and fertilizer company formerly listed on the Australian Stock Exchange. WMC was an acronym for Western Mining Corporation. It was delisted on 29 June 2005 following a successful takeover by BHP Billiton. It had three main businesses:
- A nickel mining and processing business in Western Australia.
- A copper and uranium mine at Olympic Dam in South Australia. In 2005, this mine was estimated to contain 33% of the world's known uranium reserves.
- A fertilizer production business in Queensland, which became known as Southern Cross Fertilisers following the BHP Billiton takeover; as well as Hi Fert, a blending and distribution network supporting Australia's eastern states. BHP Billiton sold Southern Cross Fertilisers to Incitec Pivot Limited in May 2006 and Hi Fert to a joint venture of Elders and AWB on 5 December 2005.
- In 2004, the company was investigating a new titanium dioxide mineral sands mine (Corridor Sands Limitada) near Chibuto in Mozambique.
Read more about WMC Resources: History, Takeover Bids
Famous quotes containing the word resources:
“I am willing to pledge myself that if the time should ever come that the voluntary agencies of the country together with the local and state governments are unable to find resources with which to prevent hunger and suffering ... I will ask the aid of every resource of the Federal Government.... I have the faith in the American people that such a day will not come.”
—Herbert Hoover (1874–1964)