| Business Summary | | WMC
Ltd.
is
an
Australian
diversified
resources
company
engaged
in
the
discovery,
development,
production,
processing
and
marketing
of
minerals
and
metals.
WMC
is
a
major
nickel
producer,
one
of
Australia's
major
gold
producers
and
a
significant
Australian
producer
of
copper
and
uranium
oxide.
WMC
also
owns
39.25%
of
Australian
and
40%
of
the
non-Australian
assets
of
Alcoa
World
Alumina
and
Chemicals,
a
producer
of
bauxite,
alumina
and
alumina-based
chemicals.
During
1999,
WMC's
mineral
interests
outside
Australia
included
mineral
exploration
properties
in
Canada,
the
United
States,
Brazil,
Chile,
China,
Indonesia,
the
Philippines,
French
Guiana,
Cuba
and
Uzbekistan.
WMC's
other
activities
include
mining
and
producing
talc
for
the
paper,
plastics
and
paint
markets,
as
well
as
distributing
fertilizers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WMC
Ltd.
and
its
subsidiaries
explore,
develop,
process,
and
market
industrial
minerals
and
metals
such
as
nickel,
gold,
copper
and
uranium
oxide.
WMC
also
produces
bauxite,
alumina
and
fertilizer.
For
the
six
months
ended
6/30/00,
revenues
rose
74%
A$1.51
billion.
Net
income
before
U.S.
GAAP
totaled
A$402.7
million,
up
from
A$18.4
million.
Revenues
reflect
increased
nickel
and
aluminium
sales.
Net
income
reflects
higher
nickel
prices
and
lower
aluminium
unit
costs. Recent Earnings Announcement For
the
6
months
ended
12/31/2000,
after
tax
earnings
were
362,200. (Preliminary; reported in thousands of Australian Dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | I. Burgess | Chairman | H. Morgan | CEO,
Director | P. Bowman | Exec.
Gen. Mang., Copper Uranium | P. Johnston | Exec.
Gen. Mang., Nickel and Gold | R. McCann | Exec.
Gen. Mang., Projects |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|