History
The company traced its roots back to 1933 as a gold mining company in Kalgoorlie, Western Australia. The company's final corporate structure before takeover was formed in 2003 by a demerger that split off the aluminium operations to form Alumina Limited, separate from what was to be known as WMC Resources (with a separate ASX code of WMR).
In 2003, the company made a profit of 245 million Australian dollars, on assets of approximately 4000 million AUD.
The last Chief Executive Officer of the independent company was Andrew Michelmore, and the board was chaired by Tommie Bergman and Executive Directors included Mr Michelmore and Alan Dundas. A notable previous CEO, from 1990 to 2003, was Hugh Morgan, a politically-vocal CEO who spoke out about the power of trade unions, criticised the Mabo decision and native title more generally, and supported a number of other right-wing causes. Most influentially, Morgan was a member of the "greenhouse mafia," central to the campaign to prevent the Federal Government ratifying the Kyoto Protocol, or taking actions to cut emissions (in collaboration with Ray Evans, WMC Executive Officer, 1982-2001).
Read more about this topic: WMC Resources
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