Australia’s mid-tier mining sector has reached its highest total market capitalisation since the boom times of 2011, with the ‘quiet boom’ driven by favourable commodity prices and some good investment decisions over the last year, a new PwC report has shown.
The ‘Aussie Mine’ report, which analyses the 50 ASX-listed mining companies (MT50) with market values under $5billion, states that the market the cap for the MT50 increased by 9% to $64-billion.