Top 5 biggest Russian mining companies recently identified 5 of the biggest Russian mining companies. Here, in NO-particular order, Top 5 biggest Russian mining companies. The list taken from Forbes’ Global 2000 list of the 2017 world’s biggest public companies and Price Waterhouse Cooper mine 2017 report. Some listed companies below also include in Top 25 biggest mining companies in the world.

Here we are, at the Top 5 biggest Russian mining companies.

Mining and Metallurgical Company Norilsk Nickel

First at the Top 5 biggest Russian mining companies is Norilsk Nickel. Norilsk Nickel is the world’s leading producer of nickel. This mining company supplying about 20 percent of global demand. The company also provides over 12 percent of the world’s refined nickel production. It’s also a leading producer of platinum metals. Responsible for roughly 50 percent of the world’s supply of palladium (virtually the total output of that metal in Russia) and nearly the same percentage of platinum after all.

The company is also a producer of cobalt, rhodium, silver and gold.

Headquartered in Moscow, the company operates mines in five countries: Russia, Botswana, Australia, South Africa and Finland. In 2016, the company reported revenue of $8.26 billion and net profit of $2.53 billion. While revenue was down slightly (3 percent), profits actually rose nearly 47 percent due to appreciation of the ruble. The company has a market cap of $27.44 billion. This milestone made them at 8th out of Top 25 biggest mining company.

Polyus Gold

Next at The Top 5 biggest Russian mining companies we have Polyus Gold. Polyus Gold operates five mines in Russia that produced nearly 2 million ounces of gold in 2016. To summarise, It is the largest gold producer in Russia. This gold mining company is in the top 10 globally. They accounts for probable and proven reserves of 64 million ounces. Its Olimpiada mine is the eighth largest gold mine in the world. With 23 percent of Russia’s total gold output, Polyus dwarfs its closest competitor Polymetal International, comparatively which produces just 11 percent.

In 2016, Polyus Gold reported revenue of $2.45 billion and profit of $1.44 billion, an increase of 44 percent over 2015. Polyus has a market cap of $17.34 billion, making it the 14th largest mining company in the world by market cap as of November 30, 2017.


Next at The Top 5 biggest Russian mining companies is Alrosa. 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. This state-controlled company is the world’s largest diamond producer in terms of output, which hit 38.3 million carats in 2015. 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 mining company made equally to $4.7bn of sales and $2bn profits in 2017. For the most part, production is expected to hit 41 million carats by 2019.


Next at The Top 5 biggest Russian mining companies is Uralkali. Uralkali produces 20 percent of the world’s potash supply, controlling the entire production chain, from mining the actual potash ore to supplying potassium chloride to customers. The mining company operates seven plants and five mines in Russia, with subsidiaries in Beijing, Singapore, Panama and Brazil, among others.

The company’s 2016 revenue was $2.22 billion, with net profit of $1.42 billion. Uralkali’s market cap is $9.85 billion. It ranks as the 33rd largest global mining company by market cap in 2017.


Next at The Top 5 biggest Russian mining companies is UC Rusal. United Company RUSAL is the world’s second largest aluminium company by primary production output (as of 2016). It was the largest until overtaken by China Hongqiao Group in 2015. UC RUSAL accounts for almost equally 9% of the world’s primary aluminium output and 9% of the world’s alumina production.

The United Company was formed by the merger of RUSAL (Russkiy alyuminiy) as well as SUAL, and the alumina assets of Glencore, completed in March 2007 altogether. According to its own statistics, UC Rusal accounts for 6.2% of the world’s primary aluminium output. The company also account for 6.5% of the world’s alumina production. In the meanwhile, the operating assets exists in 13 countries over five continents. UC Rusal employing over 61,000 people on the whole across its international operations and offices. In fact as of the end of 2016, UC Rusal owned 12 aluminium smelters, 10 alumina refineries, 7 bauxite mines worldwide, and 4 domestic foil rolling mills.


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