Ins and outs of the AIM mining universe
Value of AIM mining universe and as % of all AIM, 2004–2012
Source: EY analysis of AIM market statistics; market values as at quarter-end
AIM mining admissions and delistings since 2006
Source: EY analysis of AIM market statistics; includes placings, introductions and readmissions; excludes transfers to and from Main Market
Our AIM universe of mining and mining-related companies grew with four new entrants and just one exit in Q4. We expect a steady flow of newcomers and leavers as small-scale IPOs succeed and M&A activity and market conditions lead to others exiting.
- Sula Iron & Gold, an iron ore and gold exploration company focussed in Sierra Leone, raised £1.15m, joining AIM with a market capitalisation of £7m. Funds will help to advance its license area in the Sula Mountain Range in Sierra Leone.
- Centurion Resources, a natural resource company focused on exploring and developing copper assets in Austria, raised £1m. Shareholders were advised substantial additional future capital would be needed to fund the development of its Mitterberg Copper Exploration licenses.
- EastCoal, focused on coal in Ukraine, was admitted to AIM in December 2012.
- Premier African Minerals, a multi-commodity natural resource asset developer with mineral projects in Western and Southern Africa, joined AIM in December, raising £1.5m.