By Melanie Burton and Divya Rajagopal
MELBOURNE (REUTERS) – The Australia stock exchange has been set for a record number of secondary statements this year of my developers seduced by the pension assets, regulations of the country and a jurisdiction that is less exposed to the trade wars of US President Donald Trump, said sources in the industry.
The Australian Securities Exchange (ASX) grows its market share in metals and mining partly at the expense of Toronto and London Rivals, just like the sector must expand by $ 100 billion a year to produce the metals needed to reach the net-no emissions by 2050.
The power in mining comes even when the general offers at the fair have fallen over the past decade.
A successful offer from the Canadian Copper Miner Capstone last year, which allowed private equity to Exit and Australian investor exposure to a new operational copper mine, with final index recording, new interest, banking and lawyers were created.
“Absolutely much more interest in Canadian listed companies that come to the ASX,” said Sherif Andrawes, head of Global Natural Resources for Consultancy BDO, who worked on four recent offers.
“The ASX … is on a healthier state than the Canadian markets for exploration companies at the moment,” he said. “There are more in the pipeline.”
One of the most important attractions is the large pool of pension richness in Australia, the world’s fourth largest with assets of a $ 4.1 trillion ($ 2.58 trillion), and the willingness of funds to keep a significant part of their money in shares of the Australian listed.
That is attractive for even foreign Domiciled miners who want to increase the billions needed to develop new projects. Australian pension funds allocate much more to domestic shares than their rivals, about 23% according to JP Morgan estimates, compared to 4% each in Canada and the UK.
They go on a hungry market. Buyouts such as BHP’s Acquisition of Copper Miner OZ Minerals In 2023, the universe won from mine shares for managers with resources.
“M&A has made companies the opportunity to fill the board,” says Todd Warren, a portfolio manager at Tribeca Investment Partners in Sydney.
The Canadian developer Marimaca Copper is expected to launch a secondary list on the ASX this month in the second of at least four on the train for this year, according to the registrations and source estimates, as much as in 2021, the ASX so far.
“We are at an important point in our development and try to expand our pool of potential investors while we approach a financing decision to build our flagship project in Chile, that we expect … in the first half of 2026,” Marimaca Head of Business Development Nico Cookson told Reuters.
