CAPITAL MARKETS

Pilbara makes ASX 50

News not as good for St Barbara

Pilbara makes ASX 50

Shares in the company have almost doubled over the past year and as of Friday's close, the company had a market capitalisation of A$14.6 billion.

In mid-2020, Pilbara lost its spot in the ASX 200 due to the slump in lithium prices but was re-added in March last year after prices started to take off.

Pilbara joins fellow lithium producer (and iron ore miner/crushing contractor) Mineral Resources in the ASX 50.

Meanwhile, struggling gold miner St Barbara will lose its spot in the ASX 200.

Shares in St Barbara are down more than 50% since the start of this year with its market cap now just $563 million.

The main reason is the continued underperformance of its flagship Gwalia mine in Leonora.

Former Western Areas boss Dan Lougher has been brought in to try to turn things around.

Engineering contractor Monadelphous Group will replace St Barbara in the ASX 200.

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

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

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.