The Australian developer of Cameroon's Minim-Martap bauxite project will be removed from the All Ordinaries index on September 21.
Canyon Resources, the Australian firm behind Cameroon's Minim-Martap bauxite project, is being removed from the All Ordinaries index, which tracks the 500 largest eligible companies on the Australian Securities Exchange. S&P Dow Jones Indices announced the change on September 4, 2026, with the removal effective before market open on September 21.
This exit from the index occurs approximately 18 months after Canyon Resources was initially added, with its inclusion taking effect on March 24, 2025. The company had previously stated in its first-quarter 2025 activities report that its presence in the index reflected its progress within the Australian stock market.
The All Ordinaries serves as a broad benchmark for the Australian equity market. Its composition is determined by S&P Dow Jones Indices' methodology, which selects the 500 largest eligible companies based on their average market capitalization over the three months preceding each review period.
Why it mattersInvestors in Canyon Resources will see the company's stock no longer listed among the top 500 Australian companies by market capitalization.
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