No coalminers' daughters, but they're desirable nonetheless Aug 11, 2009
A similar situation occurred a few years back when Western Mining spun off Alumina in the hope of a bid from Alcoa, only to see the rest of the company sold when BHP Billiton bought WMC Resources. Goldman Sachs JBWere said the potential upside to the Suncorp share price was not related to a sale of the banking division; it related instead to the premium that could attach itself to a takeover of the insurance business, which is more attractive. (Sydney Morning Herald -- Business)
An amiable hug from Big Mick Aug 6, 2009
Something that WMC Resources then boss, Andrew Michelmore, might know a thing or two about, having brought in another friendly Seth Efrican in the form of Marvellous Marius Kloppers at BHP to help him out. Still, at the end of a back-and-forward session, Davis wondered if there were any more questions. (Sydney Morning Herald -- Business)
BHP says no nickel asset sale Jun 30, 2009
Market speculation is rife that the world's largest miner will sell its Nickel West business in Western Australia, which it acquired from WMC Resources in 2005 and includes its mining operations at Leinster and refinery at Kwinana south of Perth. The Leinster operations were back in the headlines on Tuesday following the second rock fall at the Perseverance mine in the past 20 days, triggered by tremors. (Sydney Morning Herald -- Business)
Olympic Dam expansion unlikely to be open-cut and dried Apr 29, 2009
The statement, which will be subject to public review, only discusses an open-cut option, BHP having long ago abandoned a WMC Resources study into a large underground block cave operation. BHP tends to prefer open-cut mining. (Sydney Morning Herald -- Business)
Still on lookout for plenty of blue sky Apr 28, 2009
WMC Resources was in its dying days as an independent company, having received a bid from Xstrata that sparked a higher offer from BHP. Cleveland-Cliffs was bidding for Portman for the first time and CopperCo hadn't yet built a mine but was trying to buy the neighbouring explorer Universal Resources. The mineral sands miner Iluka Resources was one of the biggest miners around by market value, while Oxiana was a goldminer with an operation in Laos looking to build a copper mine at the site. (Sydney Morning Herald -- Business)
OZ boss less than a wizard Apr 2, 2009
But Michelmore is best known as the former head of WMC Resources, a company that was at best a lacklustre performer and which became the subject of an international bidding war. In 2004, just as the resources boom was gathering steam, Swiss-based Xstrata launched a hostile bid for WMC in the hope of gaining control of the world-class Olympic Dam copper, gold and uranium deposit. (Sydney Morning Herald -- Business)
Video: How TriQuint amp'd its RF mojo Mar 5, 2009
Its acquisition of WJ Communications and the intense activity in all things wireless had propelled to record-breaking levels by Q3, and by the end of December its CEO Ralph Quinsey had been granted Portland Business Journal's "" award and had been featured on with Jim Lehrer. By that time, of course, the current downturn was in full swing and even TriQuint was not immune. (EETimes)
