Miners fall out of share market's top 200

A quarterly update of the S&P/ASX200 index has resulted in six miners falling out of the list. Source: AAP

THE latest changes to the share market's list of top 200 companies reflects the tough times facing the mining industry.

IN their quarterly update of the top 200 list, which is based on each company's market value, Standard & Poor's and Dow Jones have removed six companies.

All six are resources firms, and half of those are iron ore miners.Atlas Iron, BC Iron and Mount Gibson Iron have been demoted, reflecting sharp drops in their market values as the price of iron ore continued to fall.Gold miner Beadell Resources, oil and gas producer Horizon Oil and rare earths miner Lynas were the others to fall out of the ASX200.In their place, a mix of retailers, healthcare and agricultural companies have been promoted.Australia's largest beef producer, Australian Agricultural Company, and electronics retailer Dick Smith are the highest profile risers.Estia Health and Regis Healthcare, both operators of retirement homes, are also now included in the top 200, along with business travel agent Corporate Travel Management.Bucking the mining downturn trend, Syrah Resources, a South African focussed exploration firm, was the other company to rise into the ASX200.

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