Peko-Wallsend
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Peko-Wallsend was an Australian mining company.


History

Peko-Wallsend was founded in 1961 when Peko Mines merged with Wallsend Investments. In 1962 Peko-Wallsend purchased Toll Transport. In January 1968, Peko-Wallsend acquired a majority shareholding in the Mount Morgan Mine. In May 1979, Sims Metal was acquired. In December 1979, Peko-Wallsend acquired a 25% stake in the Ranger Uranium Mine. In 1986, Toll Transport was sold in a
management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management- and/or leveraged buyouts became noted phenomena of 19 ...
to Paul Little and Peter Rowsthorn. In 1988 Peko Wallsend was taken over by
North Limited North Limited was a diversified mining and resources company. Although based in Australia, its operations eventually extended to six continents. By the late 20th century the company had become the fourth largest iron ore exporter in the world wi ...
.A Proud History
North Limited North Limited was a diversified mining and resources company. Although based in Australia, its operations eventually extended to six continents. By the late 20th century the company had become the fourth largest iron ore exporter in the world wi ...


References

{{Mining companies of Australia, state=collapsed Mining companies of Australia Non-renewable resource companies established in 1961 Non-renewable resource companies disestablished in 1988 1961 establishments in Australia 1988 disestablishments in Australia