Mandarins and Mavericks: Remembering Western Mining 1933-2005 by Martin Summons

Book Description

Secondhand. Very good condition. Minor wear to book corners and edges. Faint mark on tail foredge. Sticky tape on the inside covers has been used to attach the dust jacket to the book. Creasing to half-title page. The previous owner has highlighted text on page x. Dust jacket has scratch to tail right front cover edge.

Mandarins and Mavericks tells a great Australian story of drive and endeavour by the people who built and sustained the company Western Mining Corporation from its origins in 1933.

Drawing on meticulously kept archives as well as the voices of many of the individuals involved, the book traces the company’s progress throughout its seventy-two years – from its humble start in a corporate world very different from the one we know today to its eventual ranking as one of Australia’s leading exploration, mining and processing conglomerates.

WMC produced mineral wealth from local gold, copper, iron ore, bauxite, alumina, nickel, uranium, talc and fertilisers. It also undertook an array of exploration activities and investments overseas. that involved numerous ventures, both profitable and not so profitable.

It was, however, the value inherent in WMC’s long-standing and substantial bauxite and alumina interests back home that would ultimately reshape the company’s corporate structure. This was realised in 2002 when shareholders approved a demerger to split the company’s assets into two separate entities, effectively marking the beginning of the end of WMC as a publicly listed company in its own right. A bidding war ensued, and an orderly takeover by BHP Billiton finally saw the company name and its familiar share market code disappear from the ASX Official List on 29 June 2005. (publisher blurb)