Top 10 Global Mining Companies
The world's largest mining companies showed steady growth in 2018 and 2019. The top five companies make up 50% of the total top 40 market capitalisation. Here are the top ten by market capitalisation.
10 | Grupo Mexico S.A.B. de C.V.
Market Cap: $17.66bn
Grupo Mexico is a diversified miner leading in copper production, rail transportation and infrastructure. Over the past 80 years, it has evolved its business to become a stable and sustainable company looking to innovate when it comes to technology. Active in Mexico, Peru, the US, Argentina, Chile, Ecuador and Spain, Grupo Mexico is the fourth largest copper producer in the world, ranked three in the US and boasts the largest copper reserves in the world.
9 | Newmont Mining Corporation
Market cap : $31.65bn
Back in April, the $10bn transaction combining Newmont and Goldcorp saw it become the world’s leading gold business. Delivering the highest dividends among senior gold producers, it will offer financial flexibility and an investment-grade balance sheet to advance the most promising projects, while generating a targeted IRR of at least 15%. Newmont Goldcorp will aim for six to seven million ounces of steady gold production over the next decade.
8 | Coal India
Market cap : tba
Founded in 1975, Coal India is a state-controlled enterprise headquartered in West Bengal, India. The company is the world’s largest producer of coal and contributes about 82% of the country’s total coal production. It operates 81 mining areas that span eight states of the country. These are comprised of a combination of open cast, underground and mixed mines.
7 | MMC Norilsk Nickel
Market cap : $35.63bn
Nornickel is Russia’s leading metals and mining company, while also operating as the world’s largest high-grade nickel and palladium producer.
The company also produces gold, silver, iridium, selenium, ruthenium and tellurium. Allied to a strong commercial performance in 2018, Nornickel reported significant achievements in health and safety – its lost-time injury frequency rate (LTIFR) decreased by 48%, from 0.44 to 0.23, reaching an all-time low and remaining below the industry average, according to the company’s latest sustainability report.
6 | Anglo American plc
Market cap : $40.06bn
Mark Cutifani, Chief Executive Officer at Anglo American, expects to see the company deliver a 5% production increase in 2020 and 2021, targeting a $3-4bn EBITDA by 2022. “This will come from a combination of meeting or surpassing industry best-practice equipment performance across our operations; volume growth from existing and new operations, such as Quellaveco; and the deployment of our FutureSmart Mining technologies and digitalisation. It is these technologies that will transform how we mine, process and market our products, providing the next step-change in our performance.”
5 | China Shenhua Energy Company Ltd
Market cap : tba
China Shenhua’s main focus is the production and sale of coal and electricity. The group’s development strategy for the company is “transforming into a world-leading first-class supplier of clean energy”. Parent company Shenhua Group holds a leading position among listed electricity companies in China, with the installed capacity of its controlled and operated power generators reaching 56,288MW at the end of 2016. The group also operates Huanghua Port, the largest port for seaborne coal in 2016 (approximately 270 million tonnes per year seaborne operation capability in aggregate), allied with its own shipping vessels capable of 2.2 million tonnes of loading capacity.
4 | Glencore plc
Market cap : $46.98bn
Starting out as a trading company in 1974, Glencore employs 158,000 people at 150 mining and metallurgical sites, oil production assets and agricultural facilities worldwide. Glencore completed a significant merger with Xstrata in 2013. In March this year, Glencore announced an integration agreement with Goldcorp and Yamana Gold to develop and operate the Agua Rica copper and gold project in Argentina using the existing infrastructure and facilities of the Alumbrera mine in the Catamarca Province.
3 | Vale S.A.
Market cap : $68.92bn
Vale placed 19th on Boston Consulting Group’s (BCG) annual list of the world’s 50 most innovative companies; its stated mission is to transform natural resources into prosperity and sustainable development. The world’s largest iron ore and nickel producer is well placed to service the need for tech metals supporting the development of electric vehicles and battery storage. The company also mines manganese and ferroalloys, coal and copper. Meanwhile, following the disaster at Brumadinho, Vale remains resolute in its efforts to enhance the safety of existing tailings dams and continue the decommissioning of upstream dams.
2 | Rio Tinto Limited
Market cap: $105.6bn
Rio Tinto’s mining efforts are focused on aluminium, copper, diamonds, gold, industrial minerals (borates, titanium dioxide and salt), iron ore, and uranium. The Anglo-Australian multinational employs 47,000 people in 35 countries across six continents, with strong representation in Australia and North America. Rio Tinto is committed to exploring the potential for new technologies and this year signed an agreement with Caterpillar, which will supply and support mining machines, automation and enterprise technology systems for the new Koodaideri iron ore mine in Western Australia.
1 | BHP Group Ltd
Market cap: $146.93bn
BHP is a world-leading resources company, extracting and processing minerals (including iron ore, metallurgical coal and copper), oil and gas, with more than 62,000 employees and contractors working across its operations primarily in Australia and the Americas. This year BHP released the world’s first bulk carrier tender for LNG-fuelled transport for up to 27 million tonnes of its iron ore as it seeks partners who share its ambition of lowering emissions to the mining and maritime supply chain.