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Current trend: growing IPO market
• 52 IPOs since January 2010, raising a total of £6.7 bn• Significant international transactions:
– March 2010: African Barrick Gold, Main Market, raising £581m
– April 2010: Bellzone Mining, AIM, raising £33.6m
– May 2010: Essar Energy, Main Market, raising £1,273m
– May 2010: Avangard, Main Market, raising £123m
• Recent listings:
Souce: London Stock Exchange statistics, August 2010
3
Mining companies at a glance
UK Int’l* UK Int’l*
No. of listed companies 20 17 86 44
Market cap (£bn) 207.94 29.8 3.14 5.8
Total No. of IPOs2000- 2010 8 5 85 42
Total IPO money raised (£m) 2000 – 2010 4,568 1,960 513 359
Total no. of further issues 2000 – 2010 117 288 636 1,969
Total further money raised (£m) 2000 – 2010 17,233 1,708 1,103 5,409
Summary statistics
Souce: London Stock Exchange statistics, September 2010* By country of incorporation
Main Market
4
Significance of mining sector in London
Support Services
6%
Equity Investment
Instruments
5%Pharma
4%Food
3%
Real Estate
7%
Oil & Gas
Producers
19%
IT
7%General Financial
7%
General Retailers
3%Other
22%
Mining
17%
Banks
17%
Oil & Gas
Producers
16%
Other
37%
Automobiles
4%
Mobile Telecoms
4%
Fixed Telecoms
3%
Media
2%
Pharma
4%
General
Industrials
4%
Support Services
2%
Mining
7%
Sector distribution by market value
• Mining is the 3rd largest sector on the Main Market by market value
• 37 mining companies, accounting for only 2.5% of all Main Market companies, take up 13% percent of the total market value of the Main Market
• Mining is the 2nd largest sector on AIM by market value
• 130 mining companies, accounting for 10.4% of all AIM companies, take up 15% percent of the total market value of AIM
Sector distribution by market value
Source: London Stock Exchange Statistics, September 2010 Source: London Stock Exchange Statistics, September 2010
Main Market
5
30
11
1111
133
15
37
Sub Saharan Africa AustralasiaNorth America Central & South AmericaAsia Pacific Middle East and North AfricaRussia & CIS Europe (Incl UK)
London – a truly global mining market
1
2
1
22
1
2
41 1
Australia Bermuda Virgin IslandsCanada Nertherlands IrelandRussia South Africa ZambiaZimbabwe
Country* distribution by No. of companies
• AIM is truly a globally focussed growth companies market. Many UK and Non-UK incorporated mining companies on AIM have their primary business operations outside the UK, with Mining companies on AIM operating across all major continents
Region* distribution by No. of companies
Source: London Stock Exchange Statistics, September 2010*Country of incorporation
Source: London Stock Exchange Statistics, September 2010*Region of operation
• 17 international mining companies on our Main Market come from 10 countries, with greatest number of non-UK incorporated companies being domiciled in South Africa
Main Market
6
AIM has a large investor base for mining
Value of investments (£m) on AIM by sector, Top-10 sectorsfor 2009
4,026
2,772 2,699 2,637
2,025
1,321
853 814 775 721
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
Mining Oil & GasProducers
General Financial Real Estate Equity InvestmentInstruments
Support Services Softw are &ComputerServices
Food Producers Electricity Media
Source: Growth Company Research on Institutional Investors, December 2009
7
Other New Admissions for AIM Mining in 2010
• Broad mix of mining assets represented - Copper, Iron Ore, Gold, Coal
• AIM continues to support mining companies of all sizes
Source: London Stock Exchange Statistics, July 2010
2010 AIM Mining IPOs by Market Value at Admission (£m)
£5
£44
£184
£3
£147
£85
SCOTGOLDRESOURCESLTD
METMINCOLIMITED
BELLZONEMINING PLC
Q RESOURCESPLC
NCONDEZICOAL CO LTD
CENTRAL ASIAMETALS PLC
8
AIM in 2010: Further capital for Miners
• £706m raised in further issues by mining companies on AIM
• Among the top ten, we see a strong showing by Africa, South America and Central Asian mining assets
Source: London Stock Exchange Statistics, September 2010
Top 10 AIM Miners by Money Raised (£m) in 2010
248
172
5518 15 13 11 10 9 9
AFRICAN M
INERALS L
TD
PLATMIN
LIM
ITED
COAL
OF AFRIC
A LTD
ORSU METALS C
ORP
EUROPEAN N
ICKEL
CREAT RESO
URCES HLD
GS LTD
AFRICAN A
URA MIN
ING IN
C
AFRICAN D
IAM
ONDS
FIRESTONE D
IAM
ONDS
MW
ANA AFRIC
A