PwC says 15 mining and resources plays may list in HK

Hong Kong Exchanges and Clearing HKEx will become one of the major stock exchanges in the world with a high concentration of mining and natural resources companies. In the next 12 months there will be another 10 to 15 mining and natural resources-related companies listing on the exchange, predicts PricewaterhouseCoopers PwC.

The number of mining and natural resources-related IPOs increased from three in 2008 to 13 in 2009 and the funds raised increased by over 140 times. This year until October 26, there have been seven mining and natural resources-related listings, raising a total of HK$36 billion $4.6 billion, according to the firm.

In all, 63...