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Big spend tempered by rising costs

On the surface, the increased exploration expenditure by stock exchange-listed Australian junior mining and exploration companies looks good.

But squirreled away inside the June 2005 quarter figures are the effects of rising exploration and production costs, including those associated with attracting skilled labour and the ultimate costs of investment disincentives stemming from unattractive regulatory and policy frameworks.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
117thNorthern Star Resources128%65%
158thFortescue Metals Group87%-9%
474thIluka Resources-12%-15%
480thSouth32-14%0%
495thWoodside Petroleum-18%-3%
755 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

18/04/16
$0 Other
18/04/16
$0 Other
14/12/15
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$11,264.3m
2nd↑Woodside Petroleum$6,935.4m
3rd-South32$6,492.2m
4th↑Iluka Resources$884.1m
5th↑Northern Star Resources$846.5m
528 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

3rdNev Power$5.992m
14thStephen Pearce$2.551m
27thNick Cernotta$1.566m
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer

Special Report

Special Report: Exploration spend masks cost rises

30 June 2011

New evidence that the search for minerals is being hurt by skills and equipment shortages.

Big spend tempered by rising costs