10 biggest mining companies
The mining industry is comprised of companies that explore and mine for precious and nonprecious metals and minerals, as well as energy commodities like coal and petroleum. They are used in the manufacturing of a broad range of industrial products, capital goods, and consumer items including machines, computers, clothing, buildings, and automobiles. Some companies in the mining sector even produce agricultural commodities. Mining is a global industry, but five of the largest companies are headquartered in China, the world's second-largest economy. Other big mining names are based in the U.K., Switzerland, Australia, and Brazil.
Below we look at the 10 biggest mining companies by 12-month trailing(TTM)revenue. Some companies outside the U.S. report profits semi-annually instead of quarterly, so the 12-month trailing data may be older than it is for companies that report quarterly. Data is courtesy of YCharts.com, unless otherwise noted. All figures are as of September 11.
This list is limited to companies that are publicly traded in the U.S. or Canada, either directly or throughADRs. However, we note that two of these companies trade at such low volumes that they should be avoided even though they have publicly listed ADRs: Jiangxi Copper Co. Ltd. (600362) and Yanzhou Coal Mining Co. Ltd. (600188). Due to their size and importance they have been included on the list, but with the ticker symbol associated with their respective listings on the Shanghai Stock Exchange (SSE).
Some of the stocks below are only tradedover-the-counter (OTC)in the U.S., not on exchanges. Trading OTC stocks often carries higher trading costs than trading stocks on exchanges. This can lower or even outweigh potential returns.
Glencore is a Switzerland-based multinational commodity trading and mining company. It produces metal, mineral, energy, and agricultural commodities. The company serves the automotive, steel, power generation, battery manufacturing, and oil sectors globally.
BHP is an Australia-based international resources company. It explores and mines minerals, including coal, iron ore, gold, titanium, ferroalloys, nickel, and copper properties. It also offers petroleum exploration, production, and refining services. The company serves customers worldwide.
Rio Tinto is a U.K.-based multinational metals and mining company. It explores and mines for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium dioxide feedstock, diamonds, talc, and zircon. The company serves customers in various industries worldwide.
Jiangxi Copper is a China-based copper mining company. It engages in the extraction and processing of precious and scattered metal, as well as sulphuric chemistry. The company's products include copper cathode, gold, silver, sulphuric acid, copper rod, copper tube, and copper foil.
Vale is a Brazil-based multinational mining company. It produces iron ore, pellets, manganese, iron alloys, gold, nickel, copper, bauxite, alumina, aluminum, potash, and coal. The company also owns and operates railroads and maritime terminals. The company operates in approximately 30 different countries.
China Shenhua is a China-based producer of coal and electricity. The company operates coal mines, produces various coal products, and generates power and electricity. It also operates transportation railways for coal and non-coal commodities, and provides logistics and vessels for coal and non-coal cargo.
Yanzhou is a China-based coal mining company and produces a broad range of products ranging from fine coal to power coal. The company also manufactures coal mining and excavating equipment, and operates power generation, railway transport, and heating businesses.
Anglo American is a U.K.-based mining company. It engages in the exploration and mining of precious metals, base metals, and ferrous metals. The company produces iron ore, manganese, metallurgical coal, copper, nickel, platinum, and diamonds. It has operations throughout the world.
Aluminum Corporation of China is a China-based manufacturer of aluminum products. The company produces aluminum ores, aluminum, bauxite, coal, and other products. It also operates an energy segment that engages in power generation, including conventional coal-fire power generation and renewable energy generation such as wind power and photovoltaic power.
Zijin Mining is a China-based multinational mining company. It engages in the exploration, mining, and smelting processing of gold, copper, zinc, and other metal mineral resources. The company also conducts metal trading and investment businesses globally.
the top 50 biggest mining companies in the world
The MINING.COM Top 50* most valuable mining companies added a combined $50 billion in market capitalization over the three months to end March, a sharp slowdown compared to previous quarters, as the commodities rally cools and gold suffers its worst first quarter in decades.
Measured from the height of the pandemic in March-April last year the index has now recovered by an astonishing $636 billion thanks to a boom in spending on green infrastructure not only in China, but across Europe and the US.
An indication of how widespread the rally in mining stocks was the past year is the fact that a year ago a valuation of just over $4 billion secured a company a spot in the Top 50 while today, number 50 on the list, Tianqi Lithium, is valued at more than $8.5 billion. Companies around the $4 billion market cap mark now sit in the mid-60s.
Iron ore prices back above $170 a tonne lit a fire under the top producers, boosting BHP, Rio Tinto, and Fortescues value this year and (with help of roaring platinum group metals) lifted Anglo American to position number four, the highest rank in years for the company with roots stretching back more than a century to Johannesburg.
One of the biggest mining IPOs since Glencore in 2011 came on the back of the steelmaking raw materials performance with Brazils CSN Minerao debuting at 47 with a market value of over $9 billion as at 31 March. The mining unit of steel giant Companhia Siderrgica Nacional currently produces about 33 million tonnes of ore per year, but has ambitious plans to triple that over the next decade.
The combined value of gold, silver and streaming companies in the ranking now make up 16% of the index, down from 26% when gold prices were peaking in the third quarter of last year. The sector has lost over $50 billion in value since its peak, led by Barrick Gold, which bled more than $14 billion since end-September 2020.
Thats in stark contrast to platinum group metal producers which have jumped in the ranking Impala is up 27 spots after a 360% jump and Anglo American Platinum has added 250% in value in US terms and now sits just outside the top 10. The Johannesburg-listed counters not only benefited from soaring PGM prices, but also a strengthening rand.
Freeport McMoRan is up nearly 400% from its covid-lows last March, joined by other base metal miners in the top performers list. KGHM briefly dropped out of the Top 50 at the end of the first quarter but is now back at no 42 and Vedanta returns to the ranking at 34 from 53 a year ago.
Another indication of how broad-based the rally from pandemic lows a year ago is that among the worst performers only two companies Shandong Gold and Coal India actually showed a decline in value in US dollar terms over the past year.
As with any ranking, criteria for inclusion are contentious issues. We decided to exclude unlisted and state-owned enterprises at the outset due to a lack of information. That, of course, excludes giants like Chiles Codelco, Uzbekistans Navoi Mining, which owns the worlds largest gold mine, Eurochem, a major potash firm, Singapore-based trader Trafigura, and a number of entities in China and developing countries around the world.
For instance, should smelter companies or commodity traders that own mostly minority stakes in mining assets be included, especially if these investments have no operational component or warrant a seat on the board?
Levels of operational or strategic involvement and size of shareholding was another central consideration. Do streaming and royalty companies that receive metals from mining operations without shareholding qualify or are they just specialized financing vehicles? We included Franco Nevada, Royal Gold and Wheaton Precious Metals.
Vertically integrated concerns like Alcoa and energy companies such as Shenhua Energy where power, ports and railways make up a large portion of revenues pose a problem as do diversified companies such as Anglo American with separately listed majority-owned subsidiaries. Weve included Angloplat in the ranking as well as Kumba Iron Ore.
Many steelmakers own and often operate iron ore and other metal mines, but in the interest of balance and diversity we excluded the steel industry, and with that many companies that have substantial mining assets including giants like ArcelorMittal, Magnitogorsk, Ternium, Baosteel and many others.
Head office refers to operational headquarters wherever applicable, for example BHP and Rio Tinto are shown as Melbourne, Australia but Antofagasta is the exception that proves the rule. We consider the companys HQ to be in London, where it has been listed since the late 1800s.
Interesting, is it not that the top 50 mining stocks capitalisation only amounts to 1/4 of the $USD created from thin air in one year.(or for that matter, that none of the men toiling to dig it from the bowels of the art demand to be paid in specie, as was the norm, for example as recently as during the excavation of the Panama Canal)
aggregates | republic of mining
A fight over a sand and gravel pit in the village of Thorndale, Ont., puts one of the villages wealthiest families against a neighbourhood group that says the mining operation would create noise, dust, traffic and would undermine the quiet communitys bucolic way of life.
The proposed site is only a few hundred metres away from the villages main intersection of King St. and Nissouri Rd. and directly upwind from a neighbourhood of single family homes with walking trails, playgrounds and a public school.
It just seems very odd to be placing it that close to town, subdivisions, schools. The dust is going to go in that direction for sure, said Rae Tamowski, the spokesman for the neighbourhood group opposed to the gravel pit. Continue Reading
It is this material carried here in a constant plume of meltwater from the Sermeq glacier at the head of the fjord that Mette Bendixen, a Danish scientist at the University of Colorado, has come to see. As their research boat moves farther into the murky water, she and several colleagues climb into a rubber dinghy to take samples.
Dr. Bendixen, a geomorphologist, is here to investigate an idea, one that she initially ran by colleagues to make sure it wasnt crazy: Could this island, population 57,000, become a provider of sand to billions of people? Continue Reading
BANGKOK (Thomson Reuters Foundation) Sand mining is eroding the worlds river deltas and coastlines, damaging the environment and hurting livelihoods from Cambodia to Colombia, as government regulation fails to keep pace with rising demand, the United Nations warned on Tuesday.
Global demand for sand and gravel, used extensively in construction, is about 50 billion tonnes or an average of 18 kg (40 lb) per person per day, according to a report published by the UN Environment Programme (UNEP).
Extraction in rivers and beaches has increased pollution and flooding, lowered groundwater levels, hurt marine life, and exacerbated the occurrence and severity of landslides and drought, it said. Continue Reading
Sand has been used for construction since at least the time of the ancient Egyptians. In the 15th century, an Italian artisan figured out how to turn sand into fully transparent glass, which made possible the microscopes, telescopes, and other technologies that helped drive the Renaissances scientific revolution.
But at the dawn of the 20th century, almost all of the worlds large structures apartment blocks, office buildings, churches, palaces, fortresses were still made with stone, brick, clay, or wood. The tallest buildings stood fewer than ten stories high. Roads were mostly paved with broken stone, IF at all. Glass in the form of windows or tableware was a relatively rare and expensive luxury.
The mass manufacture and deployment of concrete and glass changed all that, reshaping how and where people lived in the industrialized world. Decades later, digital technology, powered by silicon chips and other sophisticated hardware made with sand, began reshaping the global economy in ways gargantuan and quotidian. Continue Reading
When Jessica Dixon first heard about a 58-hectare quarry proposed for a patch of bush near Skeleton Lake and her farm, west of Huntsville, Ont., she began worrying about the sound of blasting and the dust kicked up by the operation.
But her main concern was the steady stream of heavy gravel trucks that would rumble by the home she shares with her husband and four young children. Its a busy and difficult road, the 37-year-old Ms. Dixon said.
Last year, Ms. Dixon joined several hundred local residents and Skeleton Lake cottagers in whats become a fierce local campaign to halt the quarry a medium-sized independent operation owned by investor Frank Lippa, based in Woodbridge, Ont. Continue Reading
THE KILLERS ROLLED slowly down the narrow alley, three men jammed onto a single motorcycle. It was a little after 11 am on July 31, 2013, the sun beating down on the low, modest residential buildings lining a back street in the Indian farming village of Raipur. Faint smells of cooking spices, dust, and sewage seasoned the air. The men stopped the bike in front of the orange door of a two-story brick-and-plaster house. Two of them dismounted, eased open the unlocked door, and slipped into the darkened bedroom on the other side. White kerchiefs covered their lower faces. One of them carried a pistol.
Inside the bedroom Paleram Chauhan, a 52-year-old farmer, was napping after an early lunch. In the next room, his wife and daughter-in-law were cleaning up while Palerams son played with his own 3-year-old boy.
Gunshots thundered through the house. Preeti Chauhan, Palerams daughter-in-law, rushed into Palerams room, her husband, Ravindra, right behind her. Through the open door, they saw the killers jump back on their bike and roar away.
Paleram lay on his bed, blood bubbling out of his stomach, neck, and head. He was trying to speak, but he couldnt, Preeti says, her voice breaking with tears. Ravindra borrowed a neighbors car and rushed his father to a hospital, but it was too late. Paleram was dead on arrival. Continue Reading
The two companies are already among the worlds largest suppliers of cement, crushed stone and sand and gravel. In combining into a new producer with annual revenue of US$40-billion, management of the two companies believe they will be required to sell assets representing about 18% of that revenue to satisfy competition regulators.
In Canada, Lafarge and Holcim together employ about 9,000 people and hold about half of the cement market, according to a 2008 estimate published by the Cement Association of Canada. The industry is centered in Ontario and Quebec.
Rivals such as Bolton, Ont.-based James Dick Construction Ltd. said they were surprised by the announcement, but added it could create an opportunity to grow their own businesses by buying what Lafarge and Holcim are forced to discard. Dick specializes in so-called aggregates, which are granular construction materials such as gravel and sand.
David Villard, a consultant with Bruce Tait Construction Ltd., was in the proverbial hot seat on Thursday night. The Wanup Community Hall played host to a packed house of more than 100 concerned citizens at an open house Taits firm organized to present plans for a proposed quarry, which will sit adjacent to Rock Lake, a picturesque recreational spot along Highway 69 surrounded by about 70 seasonal and permanent homes.
Thursdays open house was an acrimonious affair and attendees expressed their opposition to the proposed quarry on a number of points. James Gomm, president of the Rock Lake Property Owners Association, and his wife, Catherine, are spearheading the opposition movement.
Of particular concern was the lack of information circulated to area residents, water quality and possible noise disruptions. Gillian Groves, a seasonal cottager, pointed out the industrial noise could disturb the lakes residents, many of whom are retirees.
Sudbury, ON, Canada Oct 7, 2013 One hundred members of the Ontario Stone Sand & Gravel Association toured the Rail-Veyor facility in Sudbury just recently. Rail-Veyor Technologies Global Inc. manufactures and installs RailVeyor, a bulk material handling system for surface and underground applications for the mining and aggregate industries.
The Ontario Stone Sand & Gravel Association educates its members on the proven technologies that will help their companies maximize productivity, profitability and safety. Were pleased to have included the Rail-Veyor bulk material handling system on our OSSGA Operations Tour. The technology and engineering behind the system is impressive. Based on the number of questions and time spent seeing it in action, its clear that our aggregate members had a lot of interest in the system and the productivity it offers to operations, comments Dan Muys, Director of Communications and Marketing, Ontario Stone, Sand & Gravel Association. Continue Reading
A controversial plan to build a massive quarry in rolling farmland north of Toronto appears officially dead in the water after a US$20-billion hedge fund in Boston agreed to sell the land on which the project was to be located.
Bonnefield Financial, a farmland investment company based in Ottawa, announced this week that it has acquired about 6,500 acres of lush Dufferin County potato fields in what it called one of the largest farmland transactions in Canadian history.
Financial details were not disclosed however Tom Eisenhauer, the president, acknowledged the price was more than $50-million, a lot of money. Speaking in a phone interview, Mr. Eisenhauer insisted Bonnefield is only interested in agriculture. Our investors want exposure to farming, he said. They dont want exposure to oil and gas, or quarries for that matter.
Formed in 2010, Bonnefield calls itself Canadas only national farmland investment management company. Typically that involves buying up farms and leasing them back to farmers. So far its raised about $150-million from accredited investors, acquiring about 35,000 acres in Alberta, Saskatchewan, Manitoba, Ontario and New Brunswick. Continue Reading
The issue was the mega-quarry in Melancthon Township near Shelburne. The Highland Companies announced Thursday the application to extract aggregate from the quarry is being withdrawn and Highland president John Lowndes has stepped down.
A company spokesperson said the application does not have sufficient support from the community and government to justify proceeding. A classic understatement if ever there was one, with anti-quarry signs appearing as far away as Toronto lawns.
The proposed quarry was mega in every sense of the word. It would have covered 2,313 acres, or 93.7 hectares, of what is arguably some of the best farmland in the province. The areas Honeywood silt loam is as good as it gets for any number of crops, especially potatoes.
The numbers from In The Hills magazine tell the mega story. The five-kilometre wide quarry contained an estimated one billion tonnes of rock reserve, enough to build a two-lane highway 55,555 kilometres long (the circumference of the Earth is 40,075 km). Continue Reading
In early 2011, while visiting our relatives farm near Melancthon in Dufferin County, Ont., my wife and I learned about the now infamous mega quarry proposal tabled by The Highland Companies, which were looking to turn the areas rolling hills into one of the largest open-pit excavation sites in North America. This project involved drilling a pit deeper than Niagara Falls beneath the areas fertile farmland, and permanently disrupting the source water for five pristine rivers.
My wife Blaine and I decided that this could not happen on our watch, and we took on a role as volunteer strategists for opponents of the mega quarry. Conversations with neighbours, the farmers of Mulmur and Melancthon who had not sold their land to the Highland Companies, revealed a tale of David versus Goliath. Potato farmer Dale Rutledge showed us woodlots that the quarry proponents had carved up to circumvent laws preventing complete woodlot removal. Fifth generation farmers, Ralph and Mary Lynn Armstrong, had been approached and encouraged to retire to Florida by people wishing to buy their farm under the guise of creating a giant potato farm.
Not being traditional activists, we formed a rabble-rousing group of communicators, all volunteers, and called ourselves the Comm Comm (Communications Committee). From early 2011 onward, we met several times a month to plot what were essentially marketing strategies to create a movement to appeal to everyone who valued food and water. Continue Reading
MELANCTHON TOWNSHIP While in their vast vegetable fields Wednesday, harvesting the last of their brussel sprout crop, Bill French and his son received a stunning text message: The bid to develop one of the largest rock quarries on the continent, one that would have encircled their family farm for 50 to 100 years, was dead, unexpectedly abandoned by the Canadian and American investors behind the divisive project.
The French family rejoiced as the text messages kept coming. The hard-fought battle that had united a motley crew farmers and urbanites, politicians and entertainers, aboriginals and top Toronto chefs was over, for a while at least. Some of Southern Ontarios finest farmland would no longer be transformed into a massive limestone pit.
The story behind the mega-quarry began six years ago when Ontarian John Lowndes began buying up prime farmland in Melancthon Township, about 120 kilometres north of Toronto. Mr. French and other farmers contend Mr. Lowndes portrayed himself as only interested in producing potatoes, but suspicions soon surfaced. Those suspicions were confirmed last year, when The Highland Companies submitted an application to the province to develop a limestone quarry. Continue Reading
It would have been the biggest quarry in Canada, but it was stopped in its tracks by an unusual coalition of farmers, urban foodies, artists, environmentalists and native bands, one that suggests a model for organizing opposition to resource projects.
The movement against the Ontario quarry was launched with nothing more than a basic story. An American company had convinced local farmers it was buying up chunks of land for a potato farm. Potatoes were only part of the plan, however. It soon made an application to build a massive quarry that the opposition said would threaten the groundwater and soil in one of the most fertile land belts in the country.
The plan seemed outrageous to many locals. But how could anyone else be convinced to care if it wasnt happening in their backyard? The rest of the province had to be persuaded that the fight was about them, too. That meant mobilizing people in the cities. The best way proved to be through their stomachs.
On Wednesday, the Highland Companies withdrew its controversial application to build a limestone quarry in Melancthon township, about 100 kilometres northwest of Toronto, citing a lack of support in the community. Continue Reading
Deep beneath vast fields that grow a dozen varieties of potatoes lies a valuable gray rock tinged with light browns and blues. The rock is hard, durable and dense, part of the 400-million-year-old Amabel Formation that once belonged to a warm, shallow sea.
To Torontos high-rise condominium developers and road-construction engineers, this high-quality limestone, known as Amabel dolostone, is an invaluable ingredient in the making of superior concrete and asphalt. Builders turn to it when they need to make the sturdiest of structures. The CN Tower, Highway 401 and Pearson International Airport all contain bits of Amabel dolostone.
Yet this precious rock, a building block of the ever-growing Toronto region, is at the heart of a quarry battle of the likes never seen before in Ontario. Quarries are almost always controversial. No one wants to live near an industrial pit with loud blasting, thick dust and a steady stream of big trucks. But the fight over the proposed Melancthon Quarry, about 120 kilometres north of Toronto, is different.
Unlike previous conflicts over quarries that tended to remain largely local schisms, the Melancthon battle has reverberated far and wide.The effort to stop the massive pit has united farmers and urbanites, renowned Toronto chefs and aboriginals, environmentalists and affluent entrepreneurs. Continue Reading