MARKETS

Miners hit in index rebalance

S&P Dow Jones Indices has announced the quarterly rebalance of Australian Securities Exchange indices, with miners the big losers.

Kristie Batten
Miners hit in index rebalance

While there was no change to the S&P/ASX 20 or S&P/ASX 50, Atlas Iron and Lynas Corporation were removed from the S&P/ASX 100.

Atlas shares lost nearly 30% over the June quarter, while Lynas dropped around 25%.

Both remained in the S&P/ASX 200, while Discovery Metals and Mineral Deposits were removed.

Discovery was also removed from the S&P/ASX All Australian 200 along with Coalspur Mines, Mirabela Nickel and contractor Macmahon Holdings.

The biggest change was in the S&P/ASX 300, where ABM Resources, Ampella Mining, Bandanna Energy, Base Resources, Blackthorn Resources, Cape Lambert Resources, Cockatoo Coal, Focus Minerals, Flinders Mines, Grange Resources, Gryphon Minerals, Galaxy Resources, Hillgrove Resources, Inova Resources, Metminco, Northern Iron, Perilya, Red 5, Ramelius Resources and Rex Minerals were removed.

The changes are effective as of the close of trading on September 20.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.