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WMC Resources Limited was an Australian diversified mining company. History [ edit ] Western Mining Corporation (WMC) was formed in 1933, when William Robinson , the Australian-born London -based managing director of Broken Hill Associated Smelters, was able to interest several large London-based mining companies into forming syndicates to ...
Aug 3, 2005 · 3 August 2005. Print Email. Minerals giant BHP Billiton has announced that it has completed the acquisition of all of the shares of WMC Resources and now owns 100% of the company some five months after launching its A$9.5 billion (€5.9 billion) takeover bid. WMC Resources Ltd is a major diversified resources company and mines uranium at ...
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Jun 3, 2005 · BHP Billiton triumphed in its A$9.2bn bid for WMC Resources, its fellow Melbourne-based mining house, securing well over the minimum 50 per cent needed before the offer, Australia’s biggest...
Description. Provider of metals and mineral exploration services. The company's metals and mineral exploration services include nickel and copper mining, concentrating, smelting and refining in Australia. Contact Information. Website. www.wmc.com.au. Formerly Known As. Wmc Resources Inc. Ownership Status. Acquired/Merged. Financing Status.
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Number: 10/05. BHP Billiton today announced a cash offer of A$7.85 per share for the entire issued capital of WMC Resources Limited ("WMC Resources"), valuing WMC Resources equity at A$9.2 billion (US$7.3 billion). The Board of WMC Resources has unanimously recommended that WMC Resources shareholders accept the BHP Billiton offer in the absence ...
WMC Resources Limited, WMC, for a time, held a substantial interest in ACM, owning 20 percent of the company's shares in 1987, but soon sold these again for a profit. In May 1991, ACM's managing director approached WMC as well as a few other mining companies with the request of taking over the former.
The project was opened in 1988 by WMC Resources, after discovering the large deposit in 1975. It was later expanded under an A$1.9 million programme, raising its capacity to 200,000tpa of copper and 4,300tpa of uranium, plus gold and silver. In mid-2005, BHP Billiton gained control of WMC Resources in an A$9.2bn takeover.
