As of March 2023, mining company BHP (one of the world's largest coal companies, among other minerals) reached a market capitalization of nearly 159 billion U.S. dollars.
Top mining companies worldwide based on market capitalization
Modern mining includes ore bodies which can harbor metal, coal, gemstone, and potash. The mining industry exists on an important scale worldwide. Large mining companies tend to focus on mining production and operations to generate profit. London houses some of the world's most prominent mining companies, including the Rio Tinto Group. Based on market capitalization in 2023, BHP, Rio Tinto, and Vale were some of the top mining companies in the world. Headquartered in Australia, BHP’s revenue more than doubled between 2004 and 2014, growing from 24.9 billion to 52.1 billion U.S. dollars, and reached a peak of 65.1 billion U.S. dollars in 2022. Their primary focus is on metals and mining operations. Rio Tinto deals primarily with aluminum, iron ore, copper, uranium, coal, and diamonds.
Where mining companies are based
Several of the world's largest gold mining companies are headquartered in Canada. Barrick Gold and Agnico Eagle Mines are both based in Canada and are among the largest mining companies in the world. However, gold producers from South Africa, the United States, Australia, and other countries are also among the global leaders in gold production. Regulations have been formed in order to harmonize and stabilize the mining sector, especially within mineral-rich countries.
FAQs
Based on market capitalization in 2023, BHP, Rio Tinto, and Vale were some of the top mining companies in the world. Headquartered in Australia, Their primary focus is on metals and mining operations. Rio Tinto deals primarily with aluminum, iron ore, copper, uranium, coal, and diamonds.
What is the top mining company in 2023? ›
Mining company Glencore was ranked as the number one mining company in the world as of 2023, with an annual revenue in 2022 of approximately 256.03 billion U.S. dollars. In third place was BHP. BHP's revenue has recovered in the past two years from a slump in revenues in 2016 and 2017.
What are the top 5 biggest mining company in the world? ›
BHP, Rio Tinto, Glencore Plc, Vale SA, and China Shenhua Energy Co Ltd are the top 5 mining companies in the world in 2022 by market cap (as of December 31, 2022).
How big is the global mining industry? ›
The global mining market grew from $2022.6 billion in 2022 to $2145.15 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%.
What are the largest mining companies in the world market cap? ›
Largest mining companies by market cap
| # | Name | M. Cap |
|---|
| 1 | BHP Group 1BHP | $143.88 B |
| 2 | Rio Tinto 2RIO | $113.37 B |
| 3 | China Shenhua Energy 3601088.SS | $105.96 B |
| 4 | Southern Copper 4SCCO | $92.20 B |
57 more rowsBHP Billiton Group maintained its supremacy throughout the year and once again ended the year in top place. The gulf grew between the market valuation of BHP and Rio Tinto, who came in second place.
What is the richest mining company in the world? ›
BHP Group Limited
It is the world's largest mining company by market capitalization and one of the top producers of commodities such as iron ore, copper, and petroleum.
Which mining is most profitable? ›
Historically, Bitcoin (BTC) has been one of the most lucrative cryptocurrencies to mine due to its high market value. However, other cryptocurrencies like Ethereum (ETH), Litecoin (LTC), and Monero (XMR) have also been profitable for miners, depending on market conditions and mining hardware efficiency.
What is the largest mine in the United States? ›
Operations. Kennecott's Bingham Canyon Mine is the largest artificially made excavation in the world, and is visible to the naked eye from an orbiting space shuttle.
What is a Tier 1 mining company? ›
Tier 1 deposits are “Company making” mines. They are large, long life and low cost. Using long run commodity prices it generates >$300-600m pa of revenue (i.e. >200 kt pa Cu or >800 kt pa Zn+Pb or >5kt pa of U3O8 or >250 koz pa Au) for >20 years and is in the bottom quartile of the cost curve.
Measured by revenue, the top company active in mining worldwide was Glencore, generating some 256 billion U.S. dollars in 2022. However, a large share of Glencore's revenue comes from commodity trading.
What are the top 10 mining countries in the world? ›
The top mining jurisdictions in the world feature mineral-rich geology and mining-friendly governments. Leading mining countries include Australia, Chile, China, Russia, Canada, Brazil, the Democratic Republic of Congo (DRC), South Africa, and the United States.
What country has the largest mining industry? ›
Global leading mining countries based on mineral production value 2020. In 2020, China was by far the world's leading mining country based on mineral production value, reporting over 217 billion U.S. dollars in metallic mineral and coal production value.
What is the second largest mining company in the world? ›
Glencore leads the top 10, while Jiangxi and BHP take second and third place. Four of the top 10 companies are based in China while two are in the United Kingdom.
What state has the biggest mining industry? ›
What is the world's biggest mining company? ›
BHP Group Limited
It is the world's largest mining company by market capitalization and one of the top producers of commodities such as iron ore, copper, and petroleum.
What are the top 5 Bitcoin mining companies in the world? ›
The Top 5 Bitcoin Miners
(BITF), Marathon Digital Holdings (MARA), Bit Digital (BTBT), CleanSpark Inc. (CLSK), and Iris Energy (IREN). Each of these companies, known for mining operations and innovative clean energy solutions for cryptocurrency mining, stands at the forefront of the growing digital currency landscape.
What is the largest lithium mining company by market cap? ›
North Carolina-based Albemarle is not only the largest lithium company by market cap, but also the top lithium producer in the world with over 7,000 employees globally.
