WMC Resources

WMC Resources Limited was an Australian diversified mining and fertilizer company formerly listed on the Australian Stock Exchange. WMC was an acronym for Western Mining Corporation. It was delisted on 29 June 2005 following a successful takeover by BHP Billiton. Originally founded in 1933 as a gold miner, at takeover it had three main businesses: A nickel mining and processing business in Western Australia. A copper and uranium mine at Olympic Dam in South Australia. In 2005, this mine was estimated to contain 33% of the world's known uranium reserves. A fertilizer production business in Queensland, which became known as Southern Cross Fertilisers following the BHP Billiton takeover; as well as Hi Fert, a blending and distribution network supporting Australia's eastern states. BHP Billiton sold Southern Cross Fertilisers to Incitec Pivot Limited in May 2006 and Hi Fert to a joint venture of Elders and AWB on 5 December 2005.