These are the worlds biggest mining companies, based on 2017 revenues. [Source]
Worlds biggest mining companies:
10: Zijin Mining Group Company Limited – $14.5bn
Based in Lonyan, China, Zijn Mining primarily explores and mines gold, copper, zinc and other mineral resources. The company owns and operates eight gold mines, three copper mines, two integrated gold and copper mines and four other base metal mines, as well as a copper smelter, a zinc smelter and a gold refinery. They operate across China and in nine foreign countries. The Mining Company experienced a 19.9% revenue surcharge in 2017.
9: Corporacion Nacional del Cobre de Chile (CODELCO) – $14.64bn
CODELCO focuses on the exploration, development, production and processing of mineral resources. The company operates seven mines, namely Chuquicamata, Salvador, Andina, El Teniente, Radomiro Tomic, Gabriela Mistral and Ministro Hales in Chile. They export products such as copper concentrates, copper cathodes and wire rods, copper calcine, molybdenum, anode slime and sulfuric acid to Asia, Europe, North America and South America. In 2017, the company saw a 27% increase as a result of red metal’s mounting popularity.
8: Freeport-McMoRan – $16.4bn
Freeport-McMoRan is the world’s biggest publicly traded copper producer. Their asset portfolio includes the Grasberg mine, Henderson mine, Morenci, Bagdad, Tyrone, Safford, Sierrita, El Abra and the Cerro Verde mine. The company also conducts smelting and refining operations in Spain.in 2017, the company experienced a 10.6% revenue growth due to robust performance from copper business operations.
7: Anglo American – $26.24bn
Anglo-American operates in southern Africa, North and South America, as well as Australia, and employs 69,000 people worldwide. They focus primarily on exploration, mining, processing and marketing of bulk commodities, base metals and minerals, as well as precious metals and minerals. The company celebrates a 22.8% increase in 2017 from significant price increases in copper, bulk commodities and some platinum group metals.
6: China Shenhua Energy Company (CSEC) – $30bn
Based on Beijing, China, CSEC is a subsidiary of Shenhua Group Corporation. CSEC operates six business segments, namely coal, power, railway, port, shipping and coal chemical segments. It owns and operates coal mines in Inner Mongolia, Shanxi and Shaanxi provinces in China. The mining company experienced a 49.1% increase from 2016 to 2017, including sales from power and transport business was CNY248.74bn ($38.19bn), of which sales from coal business operations accounted for more than 60%.
5: Jiangxi Copper Corporation Limited (JCCL) – $31.35bn
Jiangxi Copper Corporation Limited (JCCL), a subsidiary of Jiangxi Copper Corporation, primary operate in copper mining and milling, smelting and processing, as well as extraction and processing of metals. They recorded CNY204.23bn ($31.35bn) in revenues in 2017, an increase of 1.2% over 2016.
4: Vale S.A. – $33.96bn
Vale S.A. is the world’s largest producer of iron ore and iron ore pellets, as well as nickel. The company focuses on exploration and production of coal, cobalt, gold, silver and platinum group metals, fertilisers, iron ore, iron ore pellets and nickel. It reported 23% increase in its revenues year-over-year in 2017, majorly contributed by its Ferrous minerals business segment.
3: BHP – $34.11bn
BHP primarily operates in exploration, development and marketing of metallurgical coal, copper, uranium, nickel, zinc and potash. It recorded $34.11bn revenues from mining operations during January-December 2017, while total revenue including sales from Petroleum segment was $41.26bn for the same period.
2: Rio Tinto – $40bn
Rio Tinto has its business in Iron Ore, Aluminium, Copper and Diamonds, Energy and Minerals and Other Operations. They own and run open pit and underground mines, mills, refineries, smelters and power stations, research and service facilities. The company’s 2017 revenue increased by 18.5% over 2016.
1: Glencore – $80.46bn
The metals and minerals business segment includes commodities divisions for copper, zinc, lead, nickel, ferroalloys, aluminium and iron ore. The company runs around 150 mining and metallurgical sites, oil production assets and agricultural facilities. In 2017, Glencore recorded revenues of $205.47bn.
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