The mining sector plays an important role in the world’s economy. The mining industry stretches wide across the entire world. Key markets which depend on mining include utilities, the primary metals industry, mineral processing and mining support industry, non-metallic minerals industry (glass, cement, lime), and the construction industry. Throughout the world, there are several mining companies, which are engaged in the extraction of minerals and metals. Here, in particular order, Mining-mill.com looks at Top 25 biggest mining companies in the world, taken from Forbes list of the 2017 world’s biggest public companies.
Rio Tinto is the first among Top 25 biggest mining companies. An Australian-British multinational and in fact is one of the world’s largest metals and mining company. Rio Tinto has reported $33.9bn sales in 2017 as well as $4.7bn profits. The London-based company operates through five product groups – aluminium, copper, diamonds and minerals, energy and iron ore. The aluminium product group is involved in alumina, bauxite and primary aluminum production. The copper product group is engaged in copper, with valuable by products of gold as well as molybdenum, silver and nickel production. The diamonds and minerals product group operates in mining, refining and marketing sectors. The energy product group includes thermal coal, coking coal and uranium. In brief, the company has a 51,000-strong workforce in around 35 countries.
Coupled with Rio Tinto at the first, at the second in Top 25 biggest mining companies, we have BHP Billiton. Operates under a dual listed company structure with two parent companies – BHP Billiton Ltd and BHP Billiton Plc. Has reported $34bn sales in 2017 with $2.4bn profits in essence. It is among the world’s top producers of major commodities, including iron ore, metallurgical coal, copper and uranium. In May 2017 with much of the former Billiton assets having been disposed of, BHP Billiton began to rebrand itself as BHP, at first in Australia and then globally. BHP carries out a range of mining, processing, and oil and gas production operations across more than 25 nations. The Melbourne-headquartered company had a workforce of approximately 65,000 as of 30 June 2016.
Vale, a Brazilian multinational metals and mining firm and one of the largest logistics operators in Brazil. To summarise, the Brazilian mining company has reported $27.1bn sales in 2017 and record $3.8bn profits. The third amongst the Top 25 biggest mining companies. It is the largest producer of iron ore and nickel in the world. More over the company also produces manganese ore, ferroalloys, metallurgical and thermal coal, platinum group metals, gold, silver, copper and cobalt. Vale is listed on the stock exchanges of São Paulo, New York City, Paris, Hong Kong and Madrid. The company employs more than 76,000 people and across 30 countries overall.
China Shenhua Energy, a subsidiary of Shenhua Group, is the largest coal mining state-owned enterprise in Mainland China, and the largest coal mining enterprise in the world. The company has reported $26.5bn revenues in 2017 and booked $3.4bn profits. It operates through four business segments – coal operations, power operations, railway operations, port operations and shipping operations. As 2017, the total market capitalization of China Shenhua reached $54.1bn, ranking it the first among all listed coal companies worldwide and the fourth among all listed integrated mining companies globally. The company employed more than 90,000 employees as of December 2016. No surprise if this Chinese company become the 4th out of 25 another companies in Top 25 biggest mining companies.
Next to take the 5th position on Top 25 biggest mining companies is Anglo American. A multinational mining company based in Johannesburg and London, has reported equal to $21.5bn sales for 2017. It is engaged in the exploration and mining of precious base metals and ferrous metals. The company’s portfolio of mining businesses include bulk commodities, including iron ore and manganese, metallurgical coal and thermal coal, base metals and minerals, copper, nickel, niobium and phosphates, and another precious metals and minerals. In fact Anglo is the world’s largest producer of platinum, with around 40% of world output in essence. Anglo American owns 85% of De Beers, the world’s leading diamond company. Anglo American employed approximately 135,000 people in Africa, Asia, Australasia, Europe, North America and South America as of December 2015.
Glencore, a Switzerland-based diversified natural resources company and a major producer and marketer of more than 90 commodities. In addition, has reported $153.7bn sales for the year 2017. Its diversified operations consist of around 150 mining and metallurgical, oil production and agricultural assets. Glencore’s industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries. Glencore’s customers include companies in the automotive, steel, power generation, oil and food processing sectors. The Switzerland- based mining company employs more than 155,000 people, including contractors.
Coal India, an Indian state-controlled coal mining company, is the largest coal producer in the world and contributes around 82% of the coal production in India comparatively. The Kolkata-based firm has reported sales of $11bn for the year ended in 2017 and $1.6bn profits. The company produces coal through seven wholly-owned subsidiaries – Eastern Coalfields, Bharat Coking Coal, Central Coalfields, Western Coalfields, South-Eastern Coalfields, Northern Coalfield and Mahanadi Coalfields. Its eighth wholly-owned subsidiary Central Mine Planning & Design Institute offers exploration, planning and technical support to all the seven subsidiaries. By the same token, not only in domestic, but also Coal India has a wholly-owned subsidiary in Mozambique, Coal India Africana Limitada, to pursue coal mining opportunities in that country. In fact, it had more than 333,000 employees as of April 2015. The numbers unsurprisingly will rise in this year 2018.
Norlisk Nickel is the world’s largest producers of nickel and palladium, as well as one of the world’s largest producers of platinum and copper. The company is also a producer of cobalt, rhodium, silver and gold. The Russian based mining company has a number of operations across the world, including Africa, Australia, Finland, and of course Russia. In 2017 this Russian company record $8.2bn of sales and $2.5bn profits. In the same way, this milestone made them at 8th out of Top 25 biggest mining company.
Grupo México is the largest mining company in Mexico and the third largest copper producer in the world through ASARCO. The company was founded by Raul Antonio Escobedo and Larrea Mota Velasco in 1978. In 2017, Grupo Mexico record $8.2bn sales and make profits $1.1bn.
Toronto-based Barrick Gold is the largest gold mining company in the world. The company also mines and explores silver, copper and nickel. Barrick, which produced 5.52 million ounces of gold in 2016, has reported $8.6bn sales in 2017 and $649m profits. More than or equally to 75% of the company’s gold production comes from the Americas region, including Argentina, Canada, Dominican Republic, Peru and the US. The company also has mining operations and projects in Australia, Chile, Papua New Guinea, Saudi Arabia and Zambia. Barrick had more than 11,000 employees on the whole as of 2016 end. Barrick gold closed the first 10 company in our Top 25 biggest mining companies
Teck Resources Limited known as Teck Cominco until late 2008, is a Canadian metals and mining company. Canada’s largest diversified resources company, it was formed from the amalgamation of Teck and Cominco in 2001. Teck’s principal products at 2017 are coal as well as copper and zinc, with secondary products including lead, silver, gold, molybdenum, germanium, indium and cadmium. In 2017 this Canadian mining company record $7bn sales and $785m profits.
Freeport McMoRan is a major global player in the gold, copper and molybdenum markets. Operating across North America Copper Mines, South America Copper Mines, Africa Mining, Indonesia Mining and Molybdenum, Freeport has significant proven and probable reserves of copper, gold and molybdenum. To date, Freeport stands as the world’s largest publicly traded copper producer. As of December 2016, this stands at an estimated total of 86.8 billion pounds of copper, 26.1 million ounces of gold and 2.95 billion pounds of molybdenum respectively. Furthermore, in the future when their Underground mining in Grasberg mining complex, Indonesia, fully running, it will be the biggest underground mining in the world. Now they are at 12th in the Top 25 biggest mining companies. In 2017 the USA mining giant record $14.9bn sales and loss $4bn.
China Coal Energy Company Limited (China Coal Energy), a joint stock limited company, was exclusively initiated by China National Coal Group Company on August 22, 2006. Until not, it owns 12 coal mines (9 in operation, 3 under development), 13 coal processing plants, 5 coking plants, 4 coal mining equipment manufacturing plants, and of course 2 mine design institutes to support their operations. In 2017 they made $8.8bn of sales and $302m profits.
South32 is a mining and metals company headquartered in Perth, Western Australia. It was spun out of BHP Billiton on 25 May 2015. The company is listed on the Australian Securities Exchange with secondary listings on the Johannesburg bourse and the London market. The company is producer of alumina, aluminium, manganese, silver, zinc, lead, nickel, coking coal and thermal coal. South32 has operations in Australia, South Africa as well as Mozambique and Colombia, and has a minority partnership (36%) in an alumina refinery in Brazil. With diversified portfolio, they made $6bn of sales and $747m profits in 2017 in brief.
Newmont Mining is a gold producer, which is engaged in the acquisition, exploration and production of gold and copper. Their properties in Australia, Canada, Ghana, Indonesia, Mexico, New Zealand, Peru and the US. As of the third quarter of 2014, Newmont was the world’s second-largest producer of gold, behind Barrick Gold. In 2016, Newmont produced 4.9 million ounces of gold. Given this points of reported sales of $7.7bn and loss of $27m in 2017. Approximately 12,400 people were employed by Newmont and Newmont subsidiaries as of 31 December 2016. Ranked as 15th on the Top 25 biggest mining companies.
Alrosa is a Russian group of diamond mining companies that has the leading role in the world diamond mining by volume. The Russian mining company is engaged in the exploration, mining, manufacture and sale of diamonds. Mining takes place in Western Yakutia, Russia, the Arkhangelsk region, Russia and Africa. Alrosa is the leading company accounting for 95% of country’s production and 28% of the global diamond extraction. Alrosa has the world’s largest rough diamond reserves, sufficient for at least another 18–20 years of production. This diamond minig company made $4.7bn of sales and $2bn profits in 2017.
Yanzhou Coal Mining majority owned by Yankuang Group, is a coal mining company in Mainland China. It is engaged in underground mining coal preparation and sales, and railway transportation service of coal. Its products are mainly low-sulphur coal which is suitable for large-scale power plant and for use in pulverized coal injection. Its headquarters is located in Zoucheng, Jining and also at Shandong. The Company operates six coal mines: Xinglongzhuang coal mine, Baodian coal mine, Nantun coal mine, Dongtan coal mine, Jining II coal mine (Jining II) and Jining III coal mine (Jining III), as well as a regional rail network that links these mines with the national rail network. Their employed 39.785 workforce. In 2017 they record $15bn of sales and $308m profits.
Mitsubishi Materials Company is a Japanese company. It is a manufacturer of cement products, copper and aluminum products, cemented carbide tools, and of course electronic materials. It is one of the core companies of Mitsubishi Group. Their total sales in brief for 2017 $12.1bn and $498m profits.
Zijin Mining Group Company Limited known as just Zijin is a Chinese gold, copper and non-ferrous metals producer and refiner in Mainland China. It now operates the Zijinshan Gold Mine. Zijinshan is the largest open pit gold mine on mainland along with three other gold mines in production. Zijin run the company with 21.455 workforce. In 2017 the sales record $11.7bn with $276m profits.
Jiangxi Copper is the largest copper producer in Mainland China. The Jiangxi Copper is to sum up the list of Top 25 biggest mining company in to 20. Its operations include copper mining, milling, smelting and refining to produce copper-related products, including pyrite concentrates, sulfuric acid and electrolytic gold and silver. Its chairman is Mr. Li Yuhuang and its headquarters is at Guixi, Jiangxi, China. In essence, sales record at $30.3bn and $120m profits.
With interests in aluminium, copper, zinc, lead, silver and iron ore – Vedanta Resources is a global diversified company. Split up into a number of segments, in the same way, Vedanta’s footprint stretches far and wide through Hindustan Zinc, Bharat Aluminium and Sesa Goa. Vedanta is a proud leader in sustainability, with highlights throughout 2016 including a $3.2 billion investment in community development, a 50 percent non-hazardous waste recycling rate and a global carbon footprint of 42 million mt. Vedanta record $9.9bn sales and loss $1.5bn in 2017.
Head quartered in Riyadh, MA’ADEN (Saudi Arabian Mining Co.) is a diversified mining company, active in gold base metals mining and infrastructure industry. The Saudi government still owns 50% of its shares while the remaining of 50% are in trade through Tadawul (Stock Market). In fact, they are now one of the largest phosphate fertilizer producers in the world with houses 7% of global phosphate resources. This mining company record $2.5bn sales and $107m profits in 2017. The giant from the desert made themselves at 22nd in the Top 25 biggest mining companies list.
Newcrest Mining Limited is an Australian-based company. Engages in the exploration, development, mining and sale of gold and gold-copper concentrate. It is Australia’s leading gold mining company. Its operations have expanded beyond Australia, for example Indonesia, thus becoming a prominent international mining company. Newcrest’s primary gold and copper production in Australia is at Ridgeway (Cadia Valley Operations). The second Australian operation being the Telfer Mine in the Pilbara region of Western Australia. Newcrest also operates two mines in Papua New Guinea, Lihir and Hidden Valley, and one each in Ivory Coast (Bonikro) and Indonesia (Gosowong). Furthermore, they set $3.6bn sales and $439m profits back in 2017.
Goldcorp Inc. is a gold production company where their main office is in Vancouver, British Columbia, Canada. Overall, the company employs about 15,800 people worldwide. Goldcorp engaged in gold mining and related activities including exploration, extraction, processing and reclamation. In short, Goldcorp’s operating assets include four mines in Canada, two mines in Mexico, and four in Central and South America. Their sales in 2017 at $3.5bn and followed with $167m profits.
Fresnillo plc is a Mexican-based precious metals mining company incorporated in the United Kingdom and headquartered in Mexico City. Mexican mining company Fresnillo close the Top 25 biggest mining companies list at the last position. Fresnillo is the world’s largest producer of silver from ore (primary silver) and Mexico’s second-largest gold miner. The company operates three gold and silver mines in Mexico. The largest in terms of silver output is Mina Proaño, also known as Fresnillo Mine, located near the city of Fresnillo in Zacatecas. The other mines at Cienega in Durango and Herradura in Sonora. This mexican mining company record equally to $1.9bn of sales and $432m profits.