Analysis-Australia digs in as top destination for mining listings
Australia's bourse is set for a record number of secondary listings this year from mine developers enticed by the country's pension wealth, regulation and a jurisdiction less exposed to U.S President Donald Trump's trade wars, industry sources said. The Australian Securities Exchange (ASX) is growing its market share in metals and mining partly at the expense of Toronto and London rivals, just as the sector needs to expand by $100 billion a year to produce the metals needed to reach net-zero emissions by 2050, industry figures show. A successful listing by Canadian copper miner Capstone last year that allowed private equity to exit and Australian investors exposure to a new operating copper mine, with eventual index inclusion, ignited new interest, banking and lawyer sources said.