Independence Group takes Alinta IH's place in S&P/ASX200

South Perth minerals player Independence Group NL has won promotion to the S&P/ASX 200 following the demise of Alinta Infrastructure Holdings Ltd which has been taken over by its former parent Alinta Ltd.

Below is the announcement from Standard & Poor:

Standard & Poor's today announced the addition of Independence Group NL (ASX: IGO) to the S&P/ASX 200. This addition will become effective after the close of trading on Jan. 18, 2007.

This addition is due to the removal of Alinta Infrastructure Holdings (ASX: AIH) from the S&P/ASX indices, effective from the close of trade Jan. 18, 2007. The removal follows the takeover of Alinta Infrastructure Holdings by Alinta Ltd.

"Sustained increases in market capitalization as a result of share price appreciation, together with strong trading volumes over time, have warranted the inclusion of Independence Group NL into the S&P/ASX 200," said Simon Karaban of Standard & Poor's Index Services.

Independence Group NL is a mineral exploration and production company focusing on gold and nickel.

S&P/ASX 200

ADDITION
CODE NAME
IGO INDEPENDENCE GROUP NL

REMOVAL
CODE NAME
AIH ALINTA INFRASTRUCTURE HOLDINGS