Mining Indaba Special Edition


African Mining Indaba Special Edition

WA Stock Exchange Index - February 2014

Welcome to the African Mining Indaba special edition of the Deloitte WA Stock Exchange Index (Deloitte WA Index), a monthly review of Western Australian (WA) stocks and indices.

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African Mining Indaba Special Edition - WA Stock Exchange Index, Feb 2014

In this special edition, we look at the performance of Western Australian listed companies with operations in Africa over the past 12 months.


  • The market capitalisation of WA listed companies which comprise the Deloitte WA Index rose 4.8% over the 12 months to 31 December 2013, to close the year out at AU$155.6bn
  • The Deloitte WA Index hit a four year low during the year of AU$125.6bn at 30 June 2013. However a recovering iron ore price and the falling Australian dollar kick-started the recovery during the second half of the year, with momentum building following the Federal election in September
  • In terms of WA listed companies with operations in Africa that comprise the Deloitte WA (Africa) Index, market capitalisation fell 44.5% over the 12 month period ended 31 December 2013, to close at AU$7.60bn. These companies represent just 4.8% of the total Deloitte WA Index, compared to 9.2% at 31 December 2012
  • With one or two exceptions, the majority of commodity prices fell during the 2013 calendar year. The largest falls were experienced by gold (-27.3%), silver (-34.9%) and uranium (-21.1%)
  • In this special edition, we recognise two companies who achieved market capitalisation growth over the year ended 31 December 2013:
  • Base Resources Limited, with an increase in market capitalisation of 81.3%, from AU$132m to AU$239m
  • Tiger Resources Limited:, who posted an increase in market capitalisation of 39.4%, from AU$199m to AU$277m.

Feature articles include:

  • Interview with Mark Connelly, Managing Director and CEO of Papillon Resources Limited on Papillon’s African strategy and the development of their flagship Fekola Project
  • Africa: The fast maturing continent which looks at the complications of operating in Africa
  • Modular plants: for smarter mining in Africa which considers the introduction and use of smaller, scalable and modular plants over traditional methodologies currently being applied.

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