debt list - miners top50

"Here is a list of the 50 miners at the top of the debt list"

A bit of a worry for some of the companies...


nAustralia's indebted miners *
Company Name Net Debt Market Cap Gearing Comment
Arc Exploration $29.2 million $2.70 million 1081.48%
Renison Consolidated $22 million $2.28 million 964.91%
Capral $130.6 million $18.30 million 713.66%
Australian Zircon $80.1 million $13.0 million 616.15%
Minerals Corporation $86.2 million $14.25 million 604.91%
Haoma Mining $30.1 million $8.42 million 357.48% Suspended trading
OceanaGold $97.7 million $31.20 million 313.14%
Tamaya Resources $50.9 million $18.27 million 278.60% Suspended trading
CBH Resources $79.1 million $34.30 million 230.61%
Diamonex $14.8 million $8.40 million 176.19%
CopperCo $70.5 million $43.06 million 163.73% Suspended trading
Admiralty Resources $15.6 million $11.33 million 137.69%
Territory Resources $32.8 million $29.11 million 112.68%
Dragon Mining $15.6 million $14.01 million 111.35%
Kagara $84.2 million $95.22 million 88.43%
PanAust $169.7 million $229.90 million 73.81%
Eastern Corporation $5.3 million $7.90 million 67.09%
Chrome Corporation $5.8 million $8.73 million 66.44%
Albidon $19.8 million $37.12 million 53.34%
Alumina $977 million $1.85 billion 52.81%
Mt Gibson Iron $109.6 million $241.25 million 45.43%
Hillgrove Resources $11.6 million $28.04 million 41.37%
Coeur d'Alene $154 million $374.91 million 41.08%
Bemax Resources $115.6 million $297 million 38.92% Delisted
Fortescue Metals $2.13 billion $5.78 billion 36.85%
Heemskirk Consolidated $18.4 million $50.11 million 36.72%
Iluka Resources $598 million $1.68 billion 35.60%
Intrepid Mines $15.6 million $44.93 million 34.72%
Sino Gold $32.6 million $1.05 billion 31.05%
Resolute Mining $38 million $134.9 million 28.17% Suspended trading
Norton Gold Fields $8.7 million $33.38 million 26.06%
Terramin $14.9 million $59.99 million 24.84%
Focus Minerals $6.9 million $28.66 million 24.08%
Avoca Resources $82.8 million $343.99 million 24.07%
Equinox Minerals $230.5 million $996.17 million 23.14%
Ausdril $46.9 million $211.75 million 22.15%
St Barbara $65.4 million $318.19 million 20.55%
OZ Minerals $174.7 million $849.99 million 20.55% Suspended trading
Jabiru Metals $11.2 million $59.90 million 18.70%
Western Areas $95.2 million $586.99 million 16.22%
Beaconsfield Gold $5.9 million $46.42 million 12.71%
Allied Gold $11.1 million $110.97 million 10.00%
Macarthur Coal $61.7 million $787.10 million 7.84%
White Energy $12.4 million $192.30 million 6.45%
Aquarius Platinum $40.4 million $864.77 million 4.67%
Citigold Corporation $5.2 million $152.70 million 3.41%
Newcrest Mining $291.1 million $11.13 billion 2.62%
Allstate Exploration $31.7 million N/A N/A Linked to Beaconsfield Gold

* Based on prices at November 30