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S&P Dow Jones Indices announced its March 2016 quarterly rebalance, with the big winner being turnaround gold miner St Barbara, which was added to the ASX 200 and ASX 200 All Australian index.
St Barbara shares have gained over 1000% over the past year.
Another winner was lithium developer Pilbara Minerals, which was added to the ASX 300 and All Ordinaries index.
Fellow lithium player Galaxy Resources will join the All Ords.
Dacian Gold, Ramelius Resources and Dome Gold Mines were added to the All Ords, but not all gold companies had positive moves.
South East Asian producers Kingsgate Consolidated and Medusa Mining were cut from the ASX 300, while Alkane Resources, Kingsrose Mining and Medusa were removed from the All Ords.
Graphite player Magnis Resources and miner Coal of Africa were added to the All Ords, while Aurelia Metals, Base Resources, Finders Resources, Tiger Resources, Sheffield Resources, Mineral Deposits, Troy Resources, Northern Minerals, Tigers Realm Coal, Wollongong Coal and nickel players Mincor Resources, Panoramic Resources and Poseidon Nickel were removed.
Mining services companies Ausdrill, Boart Longyear and Emeco Holdings also got the chop.
Iron ore companies didn’t fare well either, with Arrium removed from the ASX 300 and the All Australian 200, while Mount Gibson Iron was removed from the ASX 300, and Atlas Iron, BC Iron, Sundance Resources and Iron Road were cut from the All Ords.
