Deloitte recognises growing miners

OUT AND ABOUT: Deloitte presented its High Growth awards a part of the Diggers & Dealers conference in Kalgoorlie last night.

The Deloitte awards recognised the top movers by percentage growth and $AUD growth as of 31 May 2011.

Deloitte WA managing partner Keith Jones said the percentage growth of the top mining companies in each of the last one, five and 10 years has been extraordinary.

“The growth has been underpinned by strong commodity and precious metal demand, however the capacity to find and exploit the resource opportunities demonstrates the creativity and effectiveness of the companies based in Western Australia,” he said.

“The Western Australian corporate culture has created an environment where talent, risk appetite, natural resources and entrepreneurial energy have combined to capitalise upon the generational opportunity available in the resource sector.”

Bathurst Resources, Atlas Iron and Fortescue Metals Group achieved the highest percentage growth for the one, five and ten year category, respectively. 

When reviewing the top 10 dollar movers over the last one, five and 10 years, Jones said the small have grown big and then bigger.

“The growth of value in Western Australian mining companies has been sustained throughout the period,” he said.

“Fortescue Metals Group, Equinox Minerals and Iluka Resources have occupied the top three positions in value growth over each of the three periods under review.

“Commodity producers have dominated the dollar growth companies as they have raised capital, explored resources and built infrastructure to take their position in the global commodity supply markets.”

The following companies were recognised for their outstanding performance over the 10 years. Congratulations on this outstanding achievement.

Mining industry movers and shakers – 12 months to 31 May 2011:

– Bathurst Resources, which increased its market capitalisation by 5,544.%, from $15 million to $846 million;
 
– Equatorial Resources, which increased its market capitalisation by 1,533%, from $15m to $239m; and

– Aspire Mining, which increased its market capitalisation by 993%, from $38m to $410m;

Mining industry movers and shakers – 5 years to 31 May 2011:

– Atlas Iron, which increased its market capitalisation by 6,900%, from $44m to $3.0 billion;

– South Boulder Mines, which increased its market capitalisation by 6,622%, from $4m to $297m; and

– Coal of Africa Limited, which increased its market capitalisation by 5,764%, from $11m to $643m.

Mining industry movers and shakers – 10 years to 31 May 2011:

– Fortescue Metals Group, which increased its market capitalisation by 338,217%, from $6m to $20.3 billion;

– Equinox Minerals, which increased its market capitalisation by 84,332%, from $8m to $6.8 billion; and

– Paladin Energy, which increased its market capitalisation by 48,895%, from $5m to $2.4 billion.