S&P Dow Jones Indices announced the quarterly rebalance this morning, which reviewed the entire S&P/ASX hierarchy and will take effect on March 21.

Newcrest slumped to a nine-year low in December but has risen around 50% since the start of the year.

Copper-gold producer OZ Minerals was removed from the S&P/ASX 100 index, after its shares hit an all-time low in December.

Gold miners Alacer Gold and Silver Lake Resources and mining service providers Ausdrill and Decmil Group were removed from the S&P/ASX 200.

Endeavour Mining, Discovery Metals, Panoramic Resources and Teranga Gold were removed from the S&P/ASX 300 and the All Ordinaries.

Alkane Resources, Coalspur Mines, Elemental Minerals, Gindalbie Metals, Kingsrose Mining, Mincor Resources, Greenland Minerals & Energy, OM Holdings, Teranga Gold and Sedgman will all be removed from the S&P/ASX 300.

Other miners to be removed from the All Ordinaries were ABM Resources, Blackthorn Resources, Altona Mining, Cobar Consolidated Resources, Aquarius Platinum, Cape Lambert Resources, Tanami Gold, Flinders Mines, Deep Yellow, Equatorial Resources, Gryphon Minerals, Highlands Pacific, Galaxy Resources, Guildford Coal, Kangaroo Resources, Lachlan Star, Indochine Mining, Panoramic, Metminco, Peninsula Energy, Millennium Minerals, PanTerra Gold, Macphersons Resources, Reed Resources, Straits Resources, Unity Mining, Sihayo Gold and Ramelius Resources.

Ampella Mining, which is being delisted after being taken over by Centamin, will also be removed from the All Ordinaries.

The news wasn’t all bad, with US aluminium giant Alcoa, developers Atrum Coal and Amex Resources, copper hopeful Finders Resources and gold producer Tribune Resources being added to the All Ordinaries.