Diggers & Dealers Special Edition 2016

Analysis

Diggers & Dealers Special Edition 2016

WA Index

Welcome to the 2016 Diggers & Dealers special edition of the Deloitte WA Index.

Deloitte at Diggers & Dealers

Deloitte is proud to be a sponsor of Diggers and Dealers 2016 which celebrates its 25th anniversary this year. Held every year in Kalgoorlie, regional Western Australia, Diggers and Dealers is a leading annual mining conference which draws delegates from across the mining, exploration and professional services industries and includes presentations by listed mining and exploration companies.

Attending Diggers and Dealers? Please visit us at booth #8, we’d love to chat!

Report highlights

  • The heightened economic and political uncertainty from Brexit saw gold prices soar and oil prices plummet while lithium was the surprise package for 2016, with an increase of more than 200% as excitement builds over the potential for lithium batteries within electric vehicles and general power storage devices
  • Crude oil fluctuated throughout the year, with a partial recovery from a low of below US$30/bbl in January 2016, finishing the year at US$49.98/bbl, an overall drop of 17.0% from June 2015. The commodity rebounded as supply relief was sparked by decreases in American production and wildfires destroying oil sands exports in Canada
  • Iron ore reached its lowest point at US$38/tonne in December 2015 as demand slowed from China. It has now stabilised at US$54.50/tonne, with continued supply growth from major suppliers expecting to restrict further price increases. Despite a stronger last quarter, nickel’s performance was poor for the year, dropping by more than 21.2% since June 2015
  • It was a disappointing year for global indices with small gains only experienced by the US S&P 500 (1.7%). The FTSE 100 and All Ordinaries suffered slight decreases of 2.5% and 2.6% respectively, whilst the Nikkei dropped by a staggering 23.0%

This year at Diggers & Dealers (1-3 August) we recognise the top three movers in the WA Index top 20, in terms of market capitalisation growth, for the year ended 30 June 2016 - Galaxy Resources, Pilbara Minerals, and Resolute Mining.

We also recognise the largest three movers of the WA Index top 100, in terms of market capitalisation growth, for the year ended 30 June 2016 - General Mining Corporation, Capricorn Metals, and Millennium Minerals.

Congratulations to all six winners on their achievements over the past year.

Innovation in Mining

The Innovation in mining Australia 2016 report highlights results on the state of innovation at work in Australia, presenting the innovation landscape as it stands and identifying key innovation drivers and focus areas from which to bring to life the mine of tomorrow.

Innovation in Mining

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If you have any questions in relation to the Deloitte WA Index please contact Tim Richards.

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