On a scale of 1 to 5, Australian corporations obtained a median rating of three.7, with Fortescue main the nation’s scorecard with 4.5
The scores are based mostly on general expertise, macroeconomic and sector-specific management within the ten key thematic areas developed by GlobalData.
Fortescue Metals is adopted by a number of gold mining corporations – US-based Newmont, Russia-based Polyus, South Africa’s Gold Fields, Australia’s Newcrest Mining and Canada’s Kirkland Lake Gold.
Click here to view an interactive chart evaluating firm scores throughout the 10 themes in query.
South African Gold Fields was additionally extremely ranked in GlobalData’s thematic scorecard, saying new digitizing mines and renewable energy operations initiatives.
On a scale of 1 to 5, Australian corporations obtained a median rating of three.7, with Fortescue main the nation’s scorecard with 4.5.
Australia additionally has one of many highest representations amongst high mining corporations, being house to 5 out of fifty of the businesses within the GlobalData evaluation, solely behind China and Canada. Nonetheless, this quantity doesn’t embrace multinational companies corresponding to Anglo-Australian Rio Tinto or corporations which have important operations in Australia, corresponding to AngloGold Ashanti.
Total, 44% of the highest corporations within the GlobalData thematic scorecard are from the Asia-Pacific area, together with China.
Within the case of Australia, the place the 5 corporations on the listing shone brightest was the office security theme, scoring a median of 4.4 out of 5. Commodity markets and ESG, local weather change, and capital elevating had been additionally among the many most promising themes for Australian corporations, whereas funding in lithium-ion batteries was beneath the scorecard common.
Firms based mostly in different nations had their very own strengths and weaknesses: Chinese language companies, for instance, carry out nicely on capital elevating however poorly in relation to local weather change, whereas British corporations are extra bold in relation to local weather change and rating nicely on commodity markets.
For the latter, Rio Tinto, for instance, has benefited from the steep rise in iron ore costs over the past 12 months, and is trying to construct its place in copper. The profitable growth of the Jadar challenge in Serbia would additionally enhance its place in lithium-ion battery theme.
These scores are based mostly on general expertise, macroeconomic and sector-specific management in 10 of the important thing themes that matter most to the mining business and are generated by GlobalData analysts’ assessments.