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WMC Resources

WMC Resources
Now a subsidiary of BHP Billiton
Industry Mining
Founded London, 1933
Products nickel, copper, uranium
Revenue A$1273 million (2004)
Number of employees
4,863 (2005)
Website http://www.wmc.com/

WMC Resources Limited was an Australian diversified mining and fertilizer company that was listed on the . WMC was an acronym for Western Mining Corporation. It was delisted on 29 June 2005 following a successful takeover by BHP Billiton. It was founded in 1933 as a gold miner. When it was taken over it had three main businesses:

Western Mining Corporation (WMC) was formed on 2 March 1933, during the Great Depression, when WS 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 develop gold mines in Australia.

WMC began operations in Western Australia in December 1933 when it commenced an extensive aerial survey of the Eastern Goldfields. It acquired its first profitable mining operation in June 1935 when it took an option over a new gold discovery at Cox's Find, 43 miles northwest of Laverton.

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 A$245 million, on assets of approximately A$4000 million.

The last Chief Executive Officer of the independent company was Andrew Michelmore, and the board was chaired by Tommie Bergman. 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 , or taking actions to cut emissions (in collaboration with Ray Evans, WMC Executive Officer, 1982-2001).


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