The 10 Biggest Mining Companies in the World 2024

The mining and metals sector is one of the most lucrative industries in the world, and it's no surprise that some of the biggest mining companies are vying for a spot in the top rankings. This sector is a vital part of global industry and the backbone of many countries’ economies. It involves the extraction of materials such as metals, minerals, coal, and petroleum that are used to manufacture everything from machines and computers to building materials and consumer goods such as clothing.

Mining is a global industry with companies operating around the world. However, some of the largest companies are based in China which is second only to the U.S. in economic output. Some of the world's major contributors to the mining industry are based in the UK, Switzerland, Australia, and Brazil also have major mining companies based there.

These large mining companies are responsible for exploring for new sources of minerals and base metals as well as extracting existing reserves so they can be put to use in industrial products such as machinery. In recent years some have shifted their focus to producing energy commodities like coal while others continue to produce agricultural commodities including grain crops along with metal and mineral ores.

Their collective contribution is helping drive numerous industries by providing them with much-needed resources for production which has important implications for our overall economy.

In this post we look at the biggest mining companies in terms of annual revenue.

The Bingham Canyon Mine, owned by Rio Tinto

What is the Biggest Mining Companies in 2023?

Here is a list of the biggest mining companies in the world:

1. Glencore

  • Revenue (TTM): $256.03 billion
  • Net Income (TTM): $17.32 billion
  • Market Cap: $72.8 billion
  • Exchange: OTC
The logo of commodities trader Glencore one of the biggest mining companies

Glencore specializes in commodity trading and mining and is based in Switzerland. It produces a diverse range of commodities, including metals, minerals, energy, and agricultural products. The company serves various industries such as automotive, steel, power generation, battery manufacturing, and oil globally.

In 2023, Glencore was ranked as the number one mining company with an annual revenue of approximately 256.03 billion U.S dollars. This Swiss-based multinational commodities trading corporation has been able to receive impressive returns from its minerals and metals operations, thanks to its strategic investments and diversification efforts. Its not a shock that in 2023 they have bought a 56% stake in Argentina's MARA project 

2. Jiangxi Copper Co. Ltd.

  • Revenue (TTM): $69.28 billion
  • Net Income (TTM): $920.02 million
  • Market Cap: $55.40 billion
  • Exchange: Shanghai Stock Exchange

Jiangxi Copper is a copper mining company based in China. The company is involved in the extraction and processing of precious and scattered metals, as well as sulfur chemistry. It produces a range of products including copper cathode, gold, silver, sulphuric acid, copper rod, copper tube, and copper foil.

Currently Jiangxi Copper's market capitalization stands at at 55.40 billion according to Investopedia with Statista placing its annual revenue at $69.28 billion. This is the second highest revenue generated by a mining company after Glencore.

3. BHP Group LTD

  • Revenue (TTM): $60.59 billion
  • Net Income (TTM): $18.39 billion
  • Market Cap: $158.95 billion
  • Exchange: New York Stock Exchange
BHP-office-building one of the biggest mining companies

Based in Australia, BHP is a global resources company. It mines and explores minerals such as coal, iron ore, gold, titanium, ferroalloys, nickel, and copper. Its main goal is to assist in the world's decarbonization efforts through its products and services.

BHP Group serves customers all around the globe. BHP was not far behind with their third place ranking, recovering a strong position after their revenues slumped in 2016 and 2017. Their primary focus lies in metals and mining but their vast portfolio includes oil and gas production as well as energy sources. In 2023 the revenue generated by BHP Group has seen growth.

4. Rio Tinto

  • Revenue (TTM): $55.84 billion
  • Net Income (TTM): $12.53 billion
  • Market Cap: $97.65 billion
  • Exchange: New York Stock Exchange
Rio Tinto mining operations

Rio Tinto is a multinational metals and mining company based in the United Kingdom with operations in over 35 countries. It explores and mines for various minerals such as aluminum, borax, copper, gold, gypsum, iron ore, molybdenum, silver, titanium dioxide feedstock, diamonds, and zircon. The company provides services to customers in different industries globally.

The company has major operations across Europe, Canada, Australia, South America and Asia Pacific regions including iron ore, diamond & borates, coal and copper operations among others around the globe. Copper operations are largely split between North America and South America while Iron ore operations are centered in Australia and coal sits within Australian operations as well as China and Southeast Asia market exposure through copper & diamonds mines and Pellet plants respectively.

5. Vale SA

  • Revenue (TTM): $42.74 billion
  • Net Income (TTM): $14.78 billion
  • Market Cap: $75.29 billion
  • Exchange: New York Stock Exchange

Vale is a multinational mining company based in Brazil. It produces various minerals and metals such as iron ore, pellets, manganese, iron alloys, gold, nickel, copper, bauxites, alumina, and aluminum. Additionally, Vale owns and manages railroads and maritime terminals. The company operates in multiple countries, including Brazil. Certain stocks listed below are exclusively traded over-the-counter (OTCs) in the U.S., rather than on exchanges. Engaging in OTC stock trading frequently entails higher trading expenses compared to trading stocks on exchanges. As a result, potential returns can be diminished or even offset.

The current market cap for Vale stands at $75.29 billion as of March 2023, while it has posted revenue of $42.74 billion and net income of $16.17 billion for the trailing twelve months (TTM). Despite experiencing a consistent annual growth since 2010, stock performance for 1-year trailing period have been taxed by the sluggishness in commodities prices, leading to a total return of -0.24%.

6. Aluminum Corporation of China Ltd. 

  • Revenue (TTM): $41.53 billion
  • Net Income (TTM): $631.98 million
  • Market Cap: $77.57 billion
  • Exchange: OTC
Aluminum corporation of china

Aluminum Corporation of China Ltd (ACHHY) is a multinational aluminum producer based in Beijing, China. Founded over 30 years ago, ACHHY is one of the leading companies in the world producing aluminum products catering to vast markets including automotive, aviation, construction and other applications.  ACHHY’s total revenue for the trailing twelve months is $42.46 billion with a net income of $631.98 million with a market cap of approximately $77.57 billion as per trading date on OTC.

The company takes pride in its energy efficiency and environmental protection initiatives which set it apart from many other aluminum producers worldwide . With cutting-edge technologies like high strength alloy and ceramic foil solutions gaining traction across various sectors, investors are optimistic about ACHHY’s future prospects going forward.

7. Zijin Mining Group Co. Ltd.

  • Revenue (TTM): $40.03 billion
  • Net Income (TTM): $3.33 billion
  • Market Cap: $43.52 billion
  • Exchange: OTC
Zijin mining group

Zijin Mining Group Co. Ltd., (ZIJMF), is a Chinese multinational mining company, based in China and trading on the OTC exchange. The company's revenue for the trailing twelve months (TTM) stands at 40.96 billion dollars, and their net income over that same period is 28.43 billion dollars, resulting in a market capitalization of 36.33 billion dollars.

The one-year trailing total return of ZJIMF stands at 0.07%, which may leave investors feeling underwhelmed given the size and potential of this giant Chinese mining conglomerate. However, with huge operations throughout China and internationally in countries such as Russia, The Democratic Republic of Congo and Australia, investors may find themselves tempted by Zijin’s expansive portfolio of assets ranging from large scale gold mines to smaller copper installations across Asia.

8. Anglo American PLC

  • Revenue (TTM): $35.12 billion
  • Net Income (TTM): $4.51 billion
  • Market Cap: $45.58 billion
  • Exchange: OTC
Anglo American first Hydrogen mining dump truck

Anglo American is a U.K.-based mining and minerals company that has been in operation for over a century. It has its headquarters in London, and operations throughout Africa, North and South America, Australia, and Asia. With a market cap of $45.58 billion and revenue of $35.12 billion in the trailing twelve months (TTM), it is one of the world’s largest mining companies.

9. Tata Steel

  • Revenue (TTM): $31 billion
  • Net Income (TTM): $6.34 billion
  • Market Cap: $45.58 billion
  • Exchange: New York Stock Exchange
Tata Steel TV-tata-steel-distribution-halmstad-8928_39L

Tata Steel operates four iron ore mines in Jharkhand and Odisha, allowing for 100% captive iron ore usage. They also have coal mines in West Bokaro and Jharia, which provide approximately 21% of their coal requirement for their operations in India. Furthermore, Tata Steel India owns three captive manganese mines in Odisha. Being a producer of iron ore makes Tata steel dominate the steel making industry .

10. Hindalco Industries Ltd.

  • Revenue (TTM): $28 billion
  • Net Income (TTM): $1.3 billion
  • Market Cap: $6.58 billion
  • Exchange: OTC
operation Hindalco Industries

Hindalco Industries Ltd. (HNDNF) is an Indian based holding company located in Mumbai and is a part of the Aditya Birla Group. The company sees yearly total revenues around $27.83 billion as of the last twelve months (TTM). Net income for HNDNF is approximately 1.27 billion in that same period. The market cap of Hindalco Industries sits currently at 6.58 billion.  Hindalco Industries primarily engages itself in mining, producing, and trading aluminum and copper products throughout India and other parts of southeast Asia.

These commodities are also exported to other international markets and even sold on some exchanges like London Metal Exchange (LME) as well as Shanghai Futures Exchange (SHFE). In its latest developments, Hindalco announced it had acquired Aleris, an international aluminum producer which doubles their reach across Americas region while allowing even further potential in the areas related to automotive applications for their materials specifically built for different industries such as aerospace, industrial packaging, construction & infrastructure development just to name some or all pieces available at this moment from Hildalco Industries.

In Summary: The Biggest Mining Companies

Mining is a massive industry that has expanded and grown in scale over the years. Companies are now engaged in mining activities only in a handful of countries, allowing large corporations to monopolize this sector and reap huge profits from minerals and metals mined.

For businesses related to the mining industry, such as selling products or services, a reliable email list can be used to bring in more conversions. This email list can effectively promote enterprises by establishing relationships with their desired customers since it provides access to up-to-date contact information of professionals with decision-making authority.

The data supplied by these lists can also be used for market research purposes or creating targeted campaigns which focus on prospects outside your immediate contacts. Additionally, companies have the option of selecting specific details including geographical locations and job designations to refine their search even further. Therefore, having access to one such comprehensive mining industry email list is beneficial for businesses looking to expand their consumer base among their niche target audience.

Nonofo Joel
Nonofo Joel
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