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Topic: WMC Resources

In the News (Mon 28 Dec 09)

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	CNN.com - Nickel giant trebles profits - Feb. 11, 2004
		WMC also forecast consistent output and a strong market for its commodities, with analysts expecting Olympic Dam to recover in 2004 from last year's 10 percent slide in copper output.
		WMC Resource's shares gained nearly five percent before easing by early afternoon to be up 2.1 percent at A$5.43 in a slightly firmer overall market.
		WMC Resources said average U.S. dollar nickel prices for 2003 increased 42 percent compared to 2002, although gains were eroded in local currency terms by the Australian dollar's appreciation against its U.S. counterpart.
	www.cnn.com /2004/BUSINESS/02/10/wmc.result.reut (524 words)

	Waddell Mariculture Center
		WMC was constructed in 1983-84 to develop propagation and farming techniques for marine and brackish water species of finfish, mollusks, crustaceans and plants.
		The WMC research and development approach can be generalized as follows: (1) adapt existing technology to the environmental and socioeconomic conditions in South Carolina, (2) perform economic and feasibility analyses and identify major constraints to increased profitability, and (3) modify the technology in response to those constraints.
		WMC has been working for the past several years to develop cost effective techniques to raise temperature and salinity and remove suspended solids from coastal water to make it suitable for shrimp hatchery use.
	www.dnr.sc.gov /marine/mrri/waddell (2621 words)

	www.mineweb.net \| columns \| down under Path cleared for WMC demerger vote (Site not responding. Last check: 2007-10-19)
		WMC confirmed today (Monday) it would be sending out a detailed scheme booklet to shareholders ahead of a demerger vote late next month, more than 12 months after the board of the world's ninth largest mining company rejected an informal A$10.20/share or A$11 billion-plus takeover proposition from the second biggest global resources giant, Alcoa [NYSE:AA].
		The WMC directors have recommended that shareholders vote in favour of the demerger and Morgan even took an early swipe at them in the event the resolution is defeated.
		WMC boldly estimated in the scheme booklet that Alumina Ltd would generate a net profit of A$218 million this calendar year and A$330 million in 2003, while WMC Resources was forecast to catapult from A$73 million this year to A$261 million next year.
	www.mineweb.net /columns/down_under/31526.htm (660 words)

	Olympic gains: WMC Resources is set to hit nameplate capacity
		Despite the recent recommissioning of the copper smelter at WMC Resources’ Olympic Dam mine in South Australia, the company is still trying to finalise repairs to its copper solvent extraction plant, severely damaged in a fire involving kerosene in October 2001.
		WMC is putting a positive spin on this extra work saying it will add to the integrity of the next copper smelter campaign at a fraction of the cost of fixing the problem if it had happened during a campaign.
		The most recent quarterly report from WMC also says that uranium production improved by 19% during that period reflecting the contribution of the rebuilt uranium solvent extraction plant and that this is expected to increase further in the subsequent quarter, with full acid supply restored following completion of the smelter shutdown.
	www.ferret.com.au /articles/e4/0c01b3e4.asp (893 words)

	WA says WMC bid should be blocked - Breaking News (Site not responding. Last check: 2007-10-19)
		WMC Resources owns large nickel assets in Western Australia as well as the Olympic Dam copper/uranium mine in South Australia which includes the world's biggest uranium resource.
		WMC Resources is the number one nickel producer in Australia and number three in the world with annual sales revenue of more than $1.78 billion.
		WMC Resources sent a notice to shareholders warning that if they accepted the offer shareholders stood to lose the current share price premium and any subsequent increase in the market price.
	www.smh.com.au - !http: //www.smh.com.au/news/Breaking-News/WA-says-WMC-bid-should-be-blocked/2004/12/22/1103391836085.html (528 words)

	WMC Resources joins Linear Gold Venture to explore in Mexico
		August 31, 2004- - WMC Resources Ltd., the world's third- largest producer of nickel, agreed to join Linear Gold Corp. in a venture to explore for metals and gold in Mexico.
		Melbourne-based WMC Resources will have the option to take up a 60 percent stake in four properties in the Mexican state of Chiapas, if it pays $1.93 million by 2007, which includes spending on exploration, a statement from Canadian-based Linear Gold said.
		WMC is exploring for more materials as rising global economic recovery and Chinese expansion drain global stockpiles and sent prices of base metals surging.
	www.globalmanufacture.net /home/news/wmc.cfm (150 words)

	CNN.com - WMC, Jinchuan in $650m nickel deal - Aug. 26, 2003
		WMC chief executive Andrew Michelmore said Tuesday the agreement strengthened the company's 15-year relationship with Jinchuan in what is the world's fastest growing nickel market.
		WMC Resources, the world's third largest nickel producer, was formed last December from the demerger of Australian resources pioneer WMC.
		Shares in WMC Resources are 2.6 percent lower at A$4.07 in Tuesday afternoon trade.
	www.cnn.com /2003/BUSINESS/08/26/australia.wmc (319 words)

	High Court rules vs. full foreign ownership of mining operations
		WMC told the court earlier it sold all its shares in its local unit to Sagittarius Mines Inc., a corporation organized under Philippine laws, on January 23, 2001.
		Indophil Resources maintains that a Supreme Court ruling made this week in the Philippines that appears to put at risk its exposure to the massive Tampakan copper-gold project is merely a short term "hiccup".
		After WMC decided to get out of the Philippines, the FTAA was subsequently transferred to Sagittarius Mines, which is the entity through which Indophil and its Philippine partners, Alsons Corp and the Tampakan Group of Companies, hold their interest in Tampakan.
	www.minesandcommunities.org /Action/press252.htm (4603 words)

	WMC Resources Ltd prosecution (Site not responding. Last check: 2007-10-19)
		Two charges allege that WMC Resources Ltd, as principal employer at the Victor underground mine, contravened Section 13 of the Act by failing to ensure that people at the mine were not exposed to hazards and that this failure resulted in the deaths of the two men.
		The first alleges that WMC Resources Ltd failed to ensure that geotechnical aspects were adequately considered in the design of the mine, in that it failed to carry out numerical modelling to identify the level of rock stress in the crown pillar.
		The second alleges that WMC Resources Ltd failed to ensure appropriate stope and pillar dimensions were determined in relation to the underground stoping systems.
	www.doir.wa.gov.au /media_archive/nov2.html (314 words)

	An MBendi Profile - Organisation: WMC Resources Ltd
		WMC is one of Australia's lowest cost copper producers with production from its Olympic Dam.
		WMC operate three mining operations in Western Australia, the Kambalda, Mount Keith and Leinster mines.
		WMC operates the Olympic Dam copper - gold - uranium mine, that accounts for 11% of the world's uranium output.
	www.mbendi.co.za /orgs/cmsr.htm (382 words)

	WMC Resources Ltd: Panel Concludes Proceedings – 040716 MR04-60
		WMC submitted that these statements misrepresent the nature of the Grant Samuel valuation and imply that Grant Samuel’s valuation methodology is unusual and inappropriate.
		WMC submitted that Xstrata’s recalculation is inappropriate and irrelevant, and therefore Xstrata’s reference to it is misleading.
		WMC submitted that in making this comparison, Xstrata claims that WMC has changed its position in relation to its 2004 profit, which claim is false and misleading.
	www.takeovers.gov.au /display.asp?ContentID=906 (3205 words)

	Intergraph \| Who We Serve: WMC Resources
		With more than 4,700 employees, WMC Resources is one of the largest mining companies in the world.
		Although WMC’s capital engineering is headquartered in the southeastern city of Adelaide, access to engineering information is needed daily to support operations and maintenance (OandM) at the Olympic Dam site in the Australian outback.
		WMC has tackled the problem by adopting Intergraph’s plant information management solution, SmartPlant® Foundation, and using the Internet as the delivery mechanism.
	www.intergraph.com /customerstories/3204.asp (412 words)

	PM - WMC Resources directors step down after BHP takeover
		Now the focus is on WMC Resources' headquarters in Melbourne, where hundreds of workers are expected to be made redundant this week.
		Hundreds of WMC workers, including many from its senior executive ranks, are expected to be retrenched later this week.
		NEAL WOOLRICH: Human resources consultants say coping with redundancy will be difficult for all employees no matter where they sit in the corporate food chain.
	www.abc.net.au /pm/content/2005/s1385881.htm (745 words)

	Metals profits seen coloring bidding for WMC Resources - MarketWatch
		However, WMC Resources retained independent expert Grant Samuel and Associates to study its worth, and the firm came up with a value between A$7.17 and A$8.24 per share.
		In Sydney overnight, WMC Resources' shares eased 3 cents to end Wednesday's session at A$7.29, according to a media report.
		WMC Resources annually produces more than 110,000 tons of nickel, a key ingredient in making stainless steel.
	www.marketwatch.com /News/Story/Story.aspx?guid={02F21156-A809-4F12-8954-B5AE297949FB}&tool=1&symb=NILSY&sid=888363&siteid=bigcharts&dist=bigcharts (872 words)

	Philippines -- A Bugal-b’laan Tribal Association, Inc v. Ramos (2004.01.29)
		State ownership of natural resources was seen as a necessary starting point to secure recognition of the state’s power to control their disposition, exploitation, development, or utilization.
		The adoption of the principle of state ownership of the natural resources and of the Regalian doctrine was considered to be a necessary starting point for the plan of nationalizing and conserving the natural resources of the country.
		Since foreign investors have the capital resources, the actual exploitation and development, as well as the effective disposition, of the country’s natural resources, would be under their direction, and control, relegating the Filipino investors to the role of second-rate partners in joint ventures.
	www.elaw.org /resources/text.asp?id=2323 (13946 words)

	BHP wins control of WMC Resources - Breaking News - Business - Breaking News
		BHP Billiton Ltd has won control of WMC Resources Ltd after a three-month battle, successfully staring down the Melbourne-based miner's shareholders with its $9.2 billion takeover bid.
		It is also developing the capacity to become the number one lead and zinc producer, will control 40 per cent of global uranium reserves in the world's largest uranium orebody, and is a significant oil and gas producer, along with major interests in aluminium, diamonds, manganese and other materials used to make stainless steel.
		BHP is already eying WMC's executive suites, with BHP chief executive Chip Goodyear expecting the WMC board to meet early next week to make changes to reflect BHP's new status as majority shareholder.
	www.theage.com.au /news/Business/BHP-wins-control-of-WMC-Resources/2005/06/03/1117568368399.html (602 words)

	CNN.com - WMC: Sit tight on new Xstrata bid - Feb 1, 2005
		WMC Resources is the world's third largest producer of nickel while Xstrata is globally the largest exporter of thermal coal.
		Xstrata is now offering A$7.20 a share for WMC, a 13.4 percent increase on its earlier bid which was roundly rejected by the target's board.
		WMC shares were 36 cents, or 5 per cent, higher at A$7.56 during afternoon trading on the Australian Stock Exchange Wednesday.
	edition.cnn.com /2005/BUSINESS/02/01/wmc.xstrata.offer (401 words)

	Mining Technology - WMC Copper-Uranium Mine - Olympic Dam - South Australia
		Opened in 1988, Olympic Dam is wholly owned and operated by WMC Resources, which discovered the deposit in 1975.
		As of December 2004, the total mineral resource at Olympic Dam stood at 3,810Mt grading 1.1% copper and 0.4kg/t U3O8.
		WMC Resources is currently carrying out 340km of exploration drilling as part of its expansion study, with recent results having increased the mineral resource on the property by over 30%.
	www.mining-technology.com /projects/olympic (1069 words)

	www.mineweb.net \| sections \| whats new Big jaws open wide for WMC (Site not responding. Last check: 2007-10-19)
		The group today said WMC had recommended its A$7.85 a share bid, in the absence of a higher offer.
		BHP Billiton’s offer for WMC appears to signal the start of a major strategic drive that follows years of bedding down the merger of BHP and Billiton, completed in mid-2001.
		WMC’s nickel output would form an important addition to BHP Billiton’s stainless steel division, where final consumer demand continues to grow at a more rapid pace than for traditional steels.
	www.mineweb.net /sections/whats_new/422680.htm (809 words)

	globeandmail.com : globeinvestor.com : Goldcrest Resources Ltd. - WMC elects to withdraw from nickel sulphide joint ...
		WMC had previously expressed an interest in exploring for nickel on some of the Company's tenements in Western
		WMC was recently acquired by BHP Billiton Limited.
		While these forward-looking statements represent our best current judgment, they are subject to a variety of risks and uncertainties that are beyond the company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements.
	www.globeinvestor.com /servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGenerator&date=20050816&archive=cnw&slug=C0754 (509 words)

	globeandmail.com : globeinvestor.com : Caldera Joint Ventures Two Exploration Licences with WMC Resources Ltd in ...
		WMC is currently the subject of a takeover offer by BHP Billiton Limited.
		The Yelma JV partners consider the Exploration Licence which is located 15 kilometres west of WMC's Collurabbie tenements, and 25 kilometres northwest of the WMC /Falcon ground, to have potential to host ultramafic units and possible sulphide mineralization.
		Under the terms of the agreement, WMC will have a two month evaluation period, after which they may withdraw or elect to earn a 75% interest in the licences by expenditure of A$500,000 over a three year period.
	www.globeinvestor.com /servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGenerator&date=20050511&archive=ccnm&slug=0511032n (1023 words)

	WMC Inc - Homeowner Association Management & Reserve Studies
		WMC Inc. is a professional homeowner association management company, in business since 1978, on the beautiful shores of Lake Tahoe, California.
		Besides working with the Board of Directors and attending to numerous association duties, which are necessary functions of a professional association company, we also provide many services for our permanent and second homeowners.
		WMC has over 24 years of experience in all aspects of condominium and Common Interest Development management.
	www.wmc-inc.com (349 words)

	Wood Manufacturing Council - Programs: Career Focus Program
		Career Focus offers employers the chance to access some of the skills that WMC's Human Resources needs research indicates could further strengthen our sector, skills such as business, marketing, design, engineering or other technical abilities.
		WMC will also assist in identifying potential interns.
		Age laws differ, and it is the responsibility of the employer and recipient sponsor to ensure eligibility.
	www.wmc-cfb.ca /programs/career_focus/index.htm (615 words)

	Unisys \| West Wins Outsourcing Contract With WMC Resources to Manage Australian and International Operations
		According to Noel Thurlow, WMC general manager, information systems, "Unisys West demonstrated the right combination of cost, service and flexibility and won the contract after a highly competitive tender process.
		WMC Resources Ltd. is a major diversified global resources company listed in Australia and the U.S. WMC's main business is the discovery, development, production, processing and marketing of minerals, metals and chemicals.
		WMC produces nickel, copper, uranium, phosphate fertilisers and a range of other intermediate products from a portfolio of quality, long life assets.
	www.unisys.com /services/news_a_events/all__news/03108393.htm (548 words)

	WMC selects Furmanite engineering services for national contract (Site not responding. Last check: 2007-10-19)
		WMC Resources, the diversified resources company, has appointed Furmanite Australia, the specialty services company geared to maximising asset uptime, to provide its wide range of engineering services at WMC sites across the country.
		Services covered under the contract with WMC include on-line pressure leak sealing, joint integrity management, pipeline intervention including hot tapping and pipe stoppling, on-site and off-site machining and clamp fabrication, composite repairs, controlled bolting and induction bolt heating, valve repair, Trevitest on-line valve testing, and shutdown management and engineering.
		In addition, within its contracted on-site presence at Phosphate Hill, Furmanite has also been involved in providing its services for shutdowns in various areas of the plant as well as, for example, regularly inspecting for leaks and, if found, repairing immediately to prevent it becoming a problem.
	www.furmanite.com /OurCompany/NewsRoom/NewsReleaseDisplayPage/tabid/66/obj/114/lang/1/Default.aspx (622 words)

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