Top 50 miners driving our recovery
QUEENSLAND LITE
QUEENSLAND prides itself on being a resources powerhouse, yet according to research by accounting giant PwC very few up and coming mining companies are based here.
PwC's survey of the 50 largest listed mining companies with a market cap of less than $5 billion and an average market cap of slighly more than $1.2 billion found that only four were based in Brisbane - New Hope (coal), Coronado Global Resources (coal), Orocobre (lithium) and Aurelia (gold, copper).
PwC Australia national mining leader Debbie Smith says that Brisbane tends to host divisions of bigger mining companes such as BHP, Rio Tinto and Mitsui along with a range of smaller explorers.
Smith says most of the mid-tiers, also known as the MT50, are based in Perth close to the gold fields and big iron ore deposits.
PwC says mid-tier miners are outperforming the market and showing resilience during the COVID-19 pandemic, setting them up to resource Australia's recovery.
Smith puts their strength down to their focus on health and safety, which meant they were able to maintain production during the pandemic, and also the fact that most mine gold. As we know, gold is a valued investment during troubled times.
"The MT50 have collectively paid $1.5 billion in mineral royalties and more than $3.5 billion in dividends to shareholders in the past year," she says. "Our estimates show the group also employs more than 50,000 people globally; even more if you count the jobs created for contractors and communities."
TOP 50 (change in market cap June 2019 to June 2020)
Alumina -30% to $4679m
Mineral Resources +42% to $3976m
Iluka Resources -21% to $3606m
Oz Minerals +9% to $3553m
Alacer Gold Corp +100% to $2929m
IGO +3% to $2877m
Yancoal Aust -35% to $2680m
Regis Resources -1% to $2653m
St Barbara +8% to $2215m
OceanaGold -14% to $2094m
Silver Lake Resources +83% to $1874m
Ramelius Rsources +236% to $1604m
Perseus Mining +124% to $1530m
Gold Road Resources +69% to $1469m
Whitehaven Coal -61% to $1419m
Lynas Corp -21% to $1353m
Champion Iron +4% to $1352m
Nickel Mines +98% to $1256m
Resolute Mining +24% to $1252m
New Hope Corp -50% to $1135m
Zimplats Holdings +26% to $1118m
De Grey Mining +3123% to $1061m
Sandfire Resources -15% to $904m
Coronado Global Resources -75% to $894m
Westgold Resources +15% to $836m
West African Resources +182% to $796m
Bellevue Gold +107% to $726m
Westerrn Areas +35% to $723m
Mount Gibson Iron -39% to $706m
Alkane Resources +204% to $699m
Orocobre -13% to $640m
Capricorn Metals +604% to $587m
ERA +467% to $572m
Pilbara Minerals -45% to $556m
Juiter Mines -23% to $522m
Aurelia Metals +2% to $437m
Red 5 +75% to $392m
Tribune Resources +26% to $382m
Legend Mining +540% to $353m
Galaxy Resources -37% to $317m
Pantoro +45% to $312m
Cardinal Resources +138% to $310m
Chalice Gold Mines +844% to $302m
Mincor Resources +129% to $289m
Grange Resources -7% to $281m
Emerald Resources +138% to $275m
Magnetic Resources +218% to $270m
OM Holdings -59% to $250m
Dacian Gold +107% to $248m
Adriatic Metals +58% to $236m
NOOSA NOD
COVID-19 might have delayed it, but Phil Dickinson's Noosa mining conference still managed to assemble another large gathering earlier this month.
Dickinson tells City Beat that approximately 300 attendees met in person and more than 1,000 joined online, with presentations from more than 70 ASX-listed resource and energy companies Australia-wide at the hybrid event.
Although restrictions prevented another Surf Club bash, mining entrepreneur Steve Bizzell again sponsored drinks for the thirsty miners, followed by networking dinner at the popular Bistro C and elsewhere.
Among the Brisbane miners presenting, Diatreme's Neil McIntyre pointed to a bright future for the silica sand miner amid the ongoing solar energy boom in the Asia-Pacific, while the gleam of gold was in the eyes of Platina's Corey Nolan and tin for Elementos' Chris Dunks.
Lake Resources' Steve Promnitz also pointed to a bright future for lithium miners, with electric vehicle sales surging in Europe and North America.
The good news is the regular July event appears back on the cards for 2021, while the organisers are also planning a Brisbane conference from March 17-18.
Originally published as Top 50 miners driving our recovery
QUEENSLAND LITE
QUEENSLAND prides itself on being a resources powerhouse, yet according to research by accounting giant PwC very few up and coming mining companies are based here.
PwC's survey of the 50 largest listed mining companies with a market cap of less than $5 billion and an average market cap of slighly more than $1.2 billion found that only four were based in Brisbane - New Hope (coal), Coronado Global Resources (coal), Orocobre (lithium) and Aurelia (gold, copper).
PwC Australia national mining leader Debbie Smith says that Brisbane tends to host divisions of bigger mining companes such as BHP, Rio Tinto and Mitsui along with a range of smaller explorers.
Smith says most of the mid-tiers, also known as the MT50, are based in Perth close to the gold fields and big iron ore deposits.
PwC says mid-tier miners are outperforming the market and showing resilience during the COVID-19 pandemic, setting them up to resource Australia's recovery.
Smith puts their strength down to their focus on health and safety, which meant they were able to maintain production during the pandemic, and also the fact that most mine gold. As we know, gold is a valued investment during troubled times.
"The MT50 have collectively paid $1.5 billion in mineral royalties and more than $3.5 billion in dividends to shareholders in the past year," she says. "Our estimates show the group also employs more than 50,000 people globally; even more if you count the jobs created for contractors and communities."
TOP 50 (change in market cap June 2019 to June 2020)
Alumina -30% to $4679m
Mineral Resources +42% to $3976m
Iluka Resources -21% to $3606m
Oz Minerals +9% to $3553m
Alacer Gold Corp +100% to $2929m
IGO +3% to $2877m
Yancoal Aust -35% to $2680m
Regis Resources -1% to $2653m
St Barbara +8% to $2215m
OceanaGold -14% to $2094m
Silver Lake Resources +83% to $1874m
Ramelius Rsources +236% to $1604m
Perseus Mining +124% to $1530m
Gold Road Resources +69% to $1469m
Whitehaven Coal -61% to $1419m
Lynas Corp -21% to $1353m
Champion Iron +4% to $1352m
Nickel Mines +98% to $1256m
Resolute Mining +24% to $1252m
New Hope Corp -50% to $1135m
Zimplats Holdings +26% to $1118m
De Grey Mining +3123% to $1061m
Sandfire Resources -15% to $904m
Coronado Global Resources -75% to $894m
Westgold Resources +15% to $836m
West African Resources +182% to $796m
Bellevue Gold +107% to $726m
Westerrn Areas +35% to $723m
Mount Gibson Iron -39% to $706m
Alkane Resources +204% to $699m
Orocobre -13% to $640m
Capricorn Metals +604% to $587m
ERA +467% to $572m
Pilbara Minerals -45% to $556m
Juiter Mines -23% to $522m
Aurelia Metals +2% to $437m
Red 5 +75% to $392m
Tribune Resources +26% to $382m
Legend Mining +540% to $353m
Galaxy Resources -37% to $317m
Pantoro +45% to $312m
Cardinal Resources +138% to $310m
Chalice Gold Mines +844% to $302m
Mincor Resources +129% to $289m
Grange Resources -7% to $281m
Emerald Resources +138% to $275m
Magnetic Resources +218% to $270m
OM Holdings -59% to $250m
Dacian Gold +107% to $248m
Adriatic Metals +58% to $236m
NOOSA NOD
COVID-19 might have delayed it, but Phil Dickinson's Noosa mining conference still managed to assemble another large gathering earlier this month.
Dickinson tells City Beat that approximately 300 attendees met in person and more than 1,000 joined online, with presentations from more than 70 ASX-listed resource and energy companies Australia-wide at the hybrid event.
Although restrictions prevented another Surf Club bash, mining entrepreneur Steve Bizzell again sponsored drinks for the thirsty miners, followed by networking dinner at the popular Bistro C and elsewhere.
Among the Brisbane miners presenting, Diatreme's Neil McIntyre pointed to a bright future for the silica sand miner amid the ongoing solar energy boom in the Asia-Pacific, while the gleam of gold was in the eyes of Platina's Corey Nolan and tin for Elementos' Chris Dunks.
Lake Resources' Steve Promnitz also pointed to a bright future for lithium miners, with electric vehicle sales surging in Europe and North America.
The good news is the regular July event appears back on the cards for 2021, while the organisers are also planning a Brisbane conference from March 17-18.
Originally published as Top 50 miners driving our recovery
