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