MinRes admitted to ASX 100

THE stellar 2020 performance of Mineral Resources has been rewarded in the latest rebalance of ASX indices.
MinRes admitted to ASX 100 MinRes admitted to ASX 100 MinRes admitted to ASX 100 MinRes admitted to ASX 100 MinRes admitted to ASX 100

Staff reporter

From next Monday, MinRes will join the ASX 100.

Shares in the contractor/miner have risen by more than 110% this year on strength in the iron ore price.

Iluka Resources will be removed from the ASX 100 after recently demerging Deterra Royalties.

Deterra now has a slightly higher market value than Iluka due to the rising iron ore price.

The S&P Dow Jones Indices' quarterly rebalance saw one additional company removed from the ASX 200 due to Deterra's recent addition.

Western Areas was one of the unlucky three to be booted (the others being Avita Therapeutics and Cooper Energy).

Despite a strong nickel price, its shares are down about 15% this year.

Also on Friday, Bellevue Gold was added to the VanEck Vectors Junior Gold Miners ETF (GDXJ).