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.
top 10 largest gold mining companies in q1 2021 - report | kitco news
(Kitco News) - Newmont was the largest gold mining company by production in Q1 2021. Northern Star was a newcomer to the top 10 list, while Polymetal and Kirkland Lake have dropped out of the quarterly ranking.
Newmont was the top gold producer in Q1 2021. The companys attributable gold production was in line compared to the prior year quarter, decreasing 2% to 1,455 thousand ounces primarily due to the sale of Red Lake, lower leach pad production and the ramp down of the mill at Yanacocha, lower mill throughput at Nevada Gold Mines, lower ore grade milled at Merian and lower production at Cerro Negro as the site focuses on returning operations to full capacity while managing ongoing Covid-related impacts.
Barrick sits second with 1.1 Moz of gold produced on Q1 2021, a 12% decrease compared to Q1 2020 (1.25 Moz). Production in the latter half of the year is expected to be higher than the first, mainly due to mine sequencing at Nevada Gold Mines, the commissioning of the new leach pad facility at Veladero in Argentina, the ramp-up of underground mining at Bulyanhulu and higher anticipated grades at Lumwana in Zambia.
AngloGold Ashanti is fourth and produced 588 Koz in Q1 2021, compared with 630 Koz in the same period in 2020. Solid production performances were delivered at AGA Minerao, Serra Grande, Siguiri and Obuasi, more than offset by declines at other mines in the portfolio.
Kinross is fifth with 559 Koz produced in Q1 2021, compared with 567 Koz in Q1 2020. This slight decrease was primarily due to lower production at Tasiast and at Round Mountain, partially offset by higher production at Bald Mountain.
Gold Fields sits sixth. The company said that notwithstanding the impact of COVID-19 on Q1 2021 (particularly impacting Cerro Corona and South Deep), the companys attributable equivalent gold production was 541 Koz, largely flat compared to Q1 2020.
Including Hope Bay, Agnico Eagles payable gold production in the first quarter of 2021 was 517 Koz. Strong operational performance in March has driven record quarterly gold production Better than forecast performance at LaRonde, Kittila, Meliadine and Meadowbank in March resulted in record payable gold production for Agnico Eagle.
Newcrest gold production in Q1 2021 was 1% lower than in Q1 2020, reflecting the impact of planned shutdown events at Cadia and Lihir. This was partially offset by an increase in gold production at Telfer driven by higher throughput rates and gold recovery improvements.
Harmony Gold reentered the top 10 list on ninth place. The sequential increase year-on-year in production was largely due to the successful integration of Mponeng and related assets into the companys portfolio.
Endeavour Minings Q1 2021 consolidated production increased by 175 Koz or 102% which was double that of Q1 2020, as a result of the addition of four new mines (Mana, Boungou, Wahgnion and Sabodala-Massawa) since the end of Q1 2020. Endeavour is closely following the top 10 gold mining companies by production landing on eleventh place in Q1 2021.
Gold production, thousand (Koz) ounces
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)