WPG Resources Ltd

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+0.001 (2.17%)
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WPG Resources Ltd (WPG) is an Australia-based company engaged in exploration, evaluation and development of its iron ore and coal projects located in South Australia. The iron ore projects comprise the Peculiar Knob direct shipping iron ore (DSO) projects, the Hawks Nest and WISCO Joint Venture and Giffen Well Iron Ore. The Company continues to pursue and invest in iron ore with the Giffen Well project. Giffen Well Iron Ore is located 120 kilometres south of Coober ... continued
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WPG Resources Ltd
WPG Resources Ltd (WPG) is an Australia-based company engaged in exploration, evaluation and development of its iron ore and coal projects located in South Australia. The iron ore projects comprise the Peculiar Knob direct shipping iron ore (DSO) projects, the Hawks Nest and WISCO Joint Venture and Giffen Well Iron Ore. The Company continues to pursue and invest in iron ore with the Giffen Well project. Giffen Well Iron Ore is located 120 kilometres south of Coober Pedy and 25 kilometres from the Central Australian railway line, the project has a direct link to WPG’s Port Pirie port facility. On August 2011, the Company purchased industrial block of land at Port Pirie. On October 6, 2011, the Company announced that the sale of its iron ore assets to OneSteel Limited has been completed. In May 2014, Mungana Goldmines Ltd completed its sale of Tunkillia Gold Pty Ltd and its interests in Tunkillia and Tarcoola gold projects in South Australia to WPG Resources Ltd.
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Latest WPG news

OneSteel posts loss, flags jobs cuts
FEB 21, 2012
It plans to increase iron ore production when the Peculiar Knob project, acquired last year from WPG Resources, begins exports in the December quarter.
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BSL, OST, WPG
OneSteel says conditions still challenging
NOV 21, 2011
"We indicated that net profit after tax (excluding transaction costs and stamp duty in relation to the acquisition of WPG Resources iron ore assets) would be in the range of $55 million to $75 million," Mr Smedley said on Monday.
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OST, WPG
New managment changes at OneSteel
SEP 22, 2011
The company recently announced the expansion of its port facilities at Whyalla in South Australia and agreed to acquire subsidiaries of WPG Resources Limited.
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OST, WPG
FN Arena Broker Call Headlines - 24 Aug 2011
AUG 24, 2011
UBS rates as Buy (1) - The broker notes the company is set to alm double its Whyalla port capacity for the price of around $200m. Work should be done by the end of 2012 and fits in nicely with increased production assumption coming from the acquisition of WPG Resource, says UBS. The stock remains the broker's top steel exposure and with shares trading on a 5x FY12 PER and with 30% upside to the broker's target, the Buy call is maintained. More
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BSL, EHL, HIL, MQG, OST, KZL
OneSteel buy Peculiar Knob iron ore
AUG 22, 2011
OneSteel on Monday also said it would spend the $346 million on iron ore assets in South Australia including Peculiar Knob, which it was purchasing from WPG Resources.
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OST, WPG, BSL
WPG gets approval for Peculiar Knob mine
JUL 08, 2011
WPG Resources is set to join the ranks of iron ore producers following the South Australian government's go-ahead to develop the Peculiar Knob mine in the Woomera Prohibited Area.
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WPG
MACA upgrades FY profit guidance
JUN 14, 2011
MACA said it was benefiting from projects developed by clients WPG Resources Ltd and Regis Resources Ltd.
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WPG
WPG expects mine approval in July
MAY 30, 2011
Iron-ore developer WPG Resources says it expects the mining regulator to approve its mining and rehabilitation plan (MARP) for the Peculiar Knob project in South Australia in July.
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WPG
Upside Earnings Risk For MACA
MAR 28, 2011
Post the result, DJ Carmichael sees the tendering outlook as strong, as evidenced by a contract win for MACA with WPG Resources ((WPG)) worth $285 million. This brings work-in-hand for MACA to a little more than $680 million.
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MLD, WPG
Maca reports half year profit up 121pc
FEB 21, 2011
Maca said it was talking with a range of existing and new clients about new contracts and extensions to existing contracts following its first contract win outside Western Australia, a $285 million, six-year deal with WPG Resources at the Peculiar Knob project in South Australia.
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