Sandfire Resources added to S&P/ASX200
West Perth-based Sandfire Resources has been added to the S&P/ASX 200 index after Standard and Poor’s removed Centennial Coal from all of its indices.
Standard and Poor’s stated the decision to remove Centennial Coal was made due to Banpu Minerals Singapore’s cash takeover offer becoming unconditional and receiving greater than 70 per cent of acceptances.
Sydney-based Riversdale Mining had been added to the S&P/ASX100 while Resolute Mining has also been added to the S&P/ASX 300.
See statement from S&P below:
S&P Indices this day announced that it will remove Centennial Coal Company Limited (ASX: CEY) from all S&P/ASX indices, this is due to Banpu Minerals Singapore Pte Ltd’s cash takeover offer becoming unconditional and receiving greater than 70% of acceptances.
S&P Indices will remove Centennial Coal Company Limited from the S&P/ASX indices after the close of business on October 8, 2010. Centennial Coal Company Limited will be replaced by Riversdale Mining Limited (ASX: RIV) in the S&P/ASX 100, Sandfire Resources NL (ASX: SFR) in the S&P/ASX 200 and by Resolute Mining Limited (ASX: RSG) in the S&P/ASX All Australian 200.
These changes will be made effective after the close of business on October 8, 2010.
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Submited at Friday, October 1st, 2010 at 10:00 pm on Business by steve
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