Hong Kong mining IPOs

Hong Kong still a magnet for mining players

Global mining players are increasingly recognising Hong Kong as an ideal location for a public listing due to the city’s proximity to China, says PwC.

The global mining industry continues to look on Hong Kong as a good place to raise capital, thanks to China’s demand for natural resources and the army of Chinese investors keen to buy stocks that offer exposure to this trend.

A recent report published by PricewaterhouseCoopers PwC predicts that between 10 and 15 mining and natural resource companies will list in Hong Kong during 2012, and that this trend will gather momentum when confidence returns to the global economy.

“The trend is clear,” said Benson Wong, an assurance partner in PwC’s Hong Kong office. “Over the past few years, the Hong Kong stock exchange...

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