[Ranking] TOP 25 Mining Companies Q3/2023
Intro
The mining industry plays a crucial role in the worldwide economy, providing the raw materials necessary for countless industries and products. Without mining, we would not have the essential resources required for manufacturing, construction, and even technology.
With its extensive reach, the mining industry influences a wide range of sectors, including energy, transportation, and manufacturing. The demand for minerals and metals drives innovation and development in these areas, creating a ripple effect that impacts economies on a global scale.
In recent years, the mining industry has experienced significant growth, driven by increasing industrialization and urbanization. The rising demand for minerals and metals, particularly in emerging economies, has fueled the expansion of the industry, contributing to its economic magnitude and upward trajectory.
As the industry continues to evolve, it faces various trends, breakthroughs, and obstacles. Innovations in technology, such as automation and digitalization, are transforming the mining landscape, improving efficiency and safety. However, environmental concerns and the need for sustainable practices pose challenges that companies must address.
The mining industry is characterized by its ever-changing landscape, influenced by factors such as geopolitical events, market fluctuations, and regulatory changes. Understanding the dynamics of this industry is crucial to exploring the leading companies that dominate the mining sub-industry and drive its progress.
Ranking
#25 Sibanye-Stillwater
Employees: 84K
Revenue: 1.5B$
Website: https://www.sibanyestillwater.com
Description: Sibanye-Stillwater is a leading mining company headquartered in Johannesburg, South Africa. Founded in 2012, the company operates in the mining industry, with a primary focus on precious metals such as gold and platinum group metals. With approximately 84,000 employees, Sibanye-Stillwater is committed to sustainable and responsible mining practices. The company's operations span across various regions in South Africa, including the Witwatersrand Basin, Rustenburg, and the Free State. Sibanye-Stillwater's success is driven by its strong portfolio of assets, innovative technologies, and strategic partnerships. With a revenue of 1.5 billion dollars, the company continues to play a significant role in the global mining industry.
#24 Pan American Silver Corp.
Employees: 3.7K
Revenue: 1.5B$
Website: https://www.panamericansilver.com
Description: Pan American Silver Corp. is a Canadian mining company headquartered in Vancouver, Canada. Founded in 1994, the company operates in the mining industry, primarily engaged in the exploration, development, extraction, and production of silver and other precious metals. With a workforce of approximately 3.7 thousand employees, Pan American Silver Corp. has established itself as one of the world's leading silver mining companies. The company's operations span across North and South America, with mines located in countries such as Mexico, Peru, Bolivia, and Argentina. Pan American Silver Corp. is committed to sustainable mining practices and has implemented various initiatives to minimize its environmental impact and promote social responsibility within the communities it operates.
#23 Fresnillo Plc
Employees: 4.5K
Revenue: 1.7B$
Website: https://www.fresnilloplc.com/
Description: Fresnillo Plc, headquartered in Mexico City, Mexico, is a leading mining company operating in the mining industry. Founded in 1887, the company has a workforce of approximately 4,500 employees. With a revenue of 1.7 billion US dollars, Fresnillo Plc specializes in the exploration, development, and production of precious metals, primarily silver and gold. The company's operations include six mines and three development projects located in Mexico. Fresnillo Plc is committed to sustainable mining practices and has implemented various initiatives to minimize its environmental impact and promote the well-being of the communities in which it operates.
#22 OZ Minerals Limited
Employees: 1.5K
Revenue: 2.3B$
Website: https://www.ozminerals.com
Description: OZ Minerals Limited is a mining company based in Adelaide, Australia. Founded in 2008, the company operates in the mining industry, primarily focusing on copper and gold mining. With approximately 1.5 thousand employees, OZ Minerals is involved in the exploration, development, and production of mineral resources. The company's revenue is estimated to be around 2.3 billion US dollars. OZ Minerals is committed to sustainable mining practices and strives to create long-term value for its shareholders through responsible and efficient operations.
#21 Shandong Gold Mining Co., Ltd.
Employees: 6K
Revenue: 2.3B$
Website: https://www.sd-gold.com/en/
Description: Shandong Gold Mining Co., Ltd. is a Chinese mining company headquartered in Jinan, China. Founded in 1997, the company operates in the mining industry. With approximately 6,000 employees, Shandong Gold Mining is actively involved in various mining activities, including the exploration, development, and extraction of gold and other precious metals. The company's operations span across China and other countries, contributing significantly to the global mining industry. Shandong Gold Mining has achieved substantial revenue growth, with an estimated annual revenue of 2.3 billion US dollars. Through its commitment to sustainable mining practices and technological advancements, the company continues to play a vital role in the mining sector.
#20 Newcrest Mining Limited
Employees: 4K
Revenue: 2.5B$
Website: https://www.newcrest.com.au
Description: Newcrest Mining Limited, headquartered in Melbourne, Australia, is a leading mining company operating in the mining industry. Founded in 1966, the company has grown to employ around 4,000 employees. With a revenue of 2.5 billion dollars, Newcrest Mining Limited is actively engaged in the exploration, development, mining, and sale of gold and copper deposits. The company operates several mines in Australia, Papua New Guinea, Indonesia, and Canada, and is committed to sustainable mining practices. Newcrest Mining Limited aims to create value for its shareholders by discovering, acquiring, and developing high-quality gold and copper resources.
#19 Polymetal International Plc
Employees: 6.0K
Revenue: 2.5B$
Website: https://www.polymetalinternational.com
Description: Polymetal International Plc is a leading mining company headquartered in Moscow, Russia. Founded in 1998, the company operates in the mining industry, specializing in the exploration, extraction, and processing of precious metals. With a workforce of approximately 6,000 employees, Polymetal International Plc is committed to sustainable mining practices and the responsible management of mineral resources. The company's operations span across various countries, including Russia and Kazakhstan, and it focuses on the production of gold and silver. Polymetal International Plc has achieved significant revenue growth, with annual revenues reaching 2.5 billion dollars.
#18 Gold Fields Limited
Employees: 7.4K
Revenue: 2.9B$
Website: https://www.goldfields.com/
Description: Gold Fields Limited is a mining company headquartered in Johannesburg, South Africa. With operations in Africa, Australia, and the Americas, the company is one of the world's largest gold producers. It was founded in 1887 and has a workforce of approximately 7,400 employees. Gold Fields operates mines in South Africa, Ghana, Australia, and Peru, among other countries. The company's primary focus is on gold mining, but it also produces copper. Gold Fields is committed to sustainable mining practices and actively seeks to minimize its environmental impact and contribute positively to the communities in which it operates.
#17 Evolution Mining Limited
Employees: 2K
Revenue: 3B$
Website: https://www.evolutionmining.com.au
Description: Evolution Mining Limited is a mining company headquartered in Sydney, Australia. Established in 2011, the company operates in the mining industry, with a focus on gold exploration, development, and production. With a workforce of approximately 2,000 employees, Evolution Mining is committed to sustainable and responsible mining practices. The company's revenue stands at 3 billion US dollars, reflecting its significant presence in the mining sector. Evolution Mining's operations include several gold mines across Australia, contributing to the country's gold production and economic growth.
#16 Yamana Gold Inc.
Employees: 7.5K
Revenue: 3.2B$
Website: https://www.yamana.com/
Description: Yamana Gold Inc. is a mining company headquartered in Toronto, Canada. Founded in 2003, the company operates in the mining industry, primarily focused on gold production. With approximately 7,500 employees, Yamana Gold Inc. engages in the exploration, development, and extraction of precious metals, including gold, silver, and copper. The company's operations span across various regions, including North and South America. Yamana Gold Inc. strives to maintain sustainable mining practices and is committed to responsible environmental stewardship. With annual revenue of 3.2 billion dollars, the company continues to contribute to the global gold supply while creating value for its stakeholders.
#15 Anglogold Ashanti Limited
Employees: 8K
Revenue: 3.2B$
Website: https://www.anglogoldashanti.com/
Description: Anglogold Ashanti Limited is a leading mining company based in Johannesburg, South Africa. With its headquarters in Africa, Anglogold Ashanti operates in the mining industry, specifically in the exploration, extraction, and production of gold. The company was founded in 1998 and currently employs around 8,000 people. Anglogold Ashanti has established itself as a major player in the mining sector, with a focus on sustainable and responsible mining practices. With a revenue of 3.2 billion dollars, the company has achieved significant financial success in the industry. Through its operations, Anglogold Ashanti contributes to the global gold supply and plays a vital role in the mining sector's growth and development.
#14 Alrosa
Employees: 34K
Revenue: 3.5B$
Website: https://www.alrosa.com
Description: Alrosa is a leading diamond mining company headquartered in Moscow, Russia. Founded in 1992, the company operates in the mining industry, specializing in the extraction, production, and sale of rough diamonds. With a workforce of approximately 34,000 employees, Alrosa is one of the largest employers in the diamond mining sector. The company's revenue amounts to 3.5 billion US dollars, making it a significant player in the global diamond market. Alrosa's operations span various regions, including Russia, Africa, and Asia, and it holds significant diamond reserves, contributing to its position as a key supplier of rough diamonds to the international market.
#13 Kinross Gold Corporation
Employees: 9.5K
Revenue: 3.6B$
Website: https://www.kinross.com
Description: Kinross Gold Corporation is a Canadian mining company headquartered in Toronto, Canada. Founded in 1993, the company operates in the mining industry, primarily engaged in the exploration, development, and production of gold and silver properties. With approximately 9.5 thousand employees, Kinross Gold Corporation has established itself as a major player in the global mining sector. The company's operations span across multiple continents, including North America, South America, West Africa, and Russia. Kinross Gold Corporation has achieved significant revenue growth, with annual revenues reaching approximately 3.6 billion dollars. Through its strategic acquisitions and investments, the company continues to expand its portfolio of mining projects and strengthen its position in the industry.
#12 First Quantum Minerals Ltd.
Employees: 20K
Revenue: 5B$
Website: https://www.first-quantum.com
Description: First Quantum Minerals Ltd. is a mining company headquartered in Lusaka, Zambia. Founded in 1996, the company has grown to become a major player in the mining industry in Africa. With approximately 20,000 employees, First Quantum Minerals operates mines and exploration projects in several countries, including Zambia, Mauritania, Australia, and Peru. The company specializes in the exploration, development, and production of copper, nickel, gold, and other minerals. First Quantum Minerals is known for its commitment to responsible mining practices and sustainable development, striving to minimize its environmental impact and contribute positively to the communities in which it operates. With a revenue of 5 billion dollars, the company continues to expand its operations and maintain its position as a leading mining company in Africa.
#11 Grupo México, S.A.B. De C.V.
Employees: 19K
Revenue: 6.2B$
Website: https://www.gmexico.com
Description: Grupo México, S.A.B. De C.V. is a leading mining company headquartered in Mexico City, Mexico. Founded in 1978, the company has grown to employ approximately 19,000 people worldwide. With a revenue of 6.2 billion dollars, Grupo México operates in the mining industry, specializing in the extraction and production of copper, as well as other minerals. The company's mining operations span across various countries, including Mexico, Peru, and the United States. Grupo México is committed to sustainable mining practices and has implemented initiatives to minimize its environmental impact and promote social responsibility.
#10 Southern Copper Corporation
Employees: 15K
Revenue: 7.6B$
Website: https://southerncoppercorp.com
Description: Southern Copper Corporation is a mining company headquartered in Phoenix, United States. With a history dating back to 1952, the company has established itself as a major player in the mining industry. Southern Copper Corporation operates various mining projects across North and South America, focused primarily on copper production. The company's portfolio includes open-pit and underground mines, as well as smelting and refining facilities. With a workforce of approximately 15,000 employees, Southern Copper Corporation is committed to sustainable and responsible mining practices. In 2020, the company generated a revenue of 7.6 billion US dollars, solidifying its position as one of the leading copper producers in the world.
#9 Barrick Gold Corporation
Employees: 21K
Revenue: 10B$
Website: https://www.barrick.com
Description: Barrick Gold Corporation is a leading mining company headquartered in Toronto, Canada. With operations across North America, South America, and Africa, Barrick Gold is involved in the exploration, development, and production of gold and copper. The company was founded in 1983 and has grown to employ approximately 21,000 individuals worldwide. Barrick Gold prides itself on its commitment to responsible mining practices and sustainable development. With a revenue of 10 billion dollars, Barrick Gold Corporation is a major player in the mining industry, contributing to the global supply of precious metals.
#8 Newmont Corporation
Employees: 12K
Revenue: 10B$
Website: https://www.newmont.com
Description: Newmont Corporation, based in Greenwood Village, United States, is a leading mining company operating in the Mining industry. Founded in 1916, Newmont has grown to become one of the largest gold producers in the world. With operations in North America, South America, Australia, and Africa, Newmont is committed to sustainable and responsible mining practices. The company employs approximately 12,000 people globally and generates annual revenue of around 10 billion US dollars. Newmont's focus on operational excellence and its diverse portfolio of assets position it as a leader in the mining industry.
#7 Teck Resources Limited
Employees: 8.6K
Revenue: 13.5B$
Website: https://www.teck.com/
Description: Teck Resources Limited is a Canadian mining company headquartered in Vancouver, Canada. Founded in 1906, Teck is one of the largest diversified resource companies in North America. With operations and projects in Canada, the United States, Chile, and Peru, Teck is primarily engaged in mining and mineral development, including the production of copper, zinc, steelmaking coal, and energy. The company's diverse portfolio of assets and strong operational capabilities enable it to deliver sustainable resource development and contribute to the economic growth of the communities where it operates.
#6 Freeport-McMoRan Inc.
Employees: 25K
Revenue: 20B$
Website: https://www.fcx.com
Description: Freeport-McMoRan Inc. is a mining company headquartered in Phoenix, United States. Founded in 1912, the company has a rich history in the mining industry. With a workforce of approximately 25,000 employees, Freeport-McMoRan is dedicated to the exploration, development, and production of copper, gold, and molybdenum. The company operates multiple mining sites across North America, South America, and Indonesia. Freeport-McMoRan is committed to responsible mining practices, focusing on environmental stewardship, community engagement, and sustainable resource management. With an annual revenue of 20 billion dollars, the company continues to be a prominent player in the global mining industry.
#5 Anglo American Plc
Employees: 94K
Revenue: 24.5B$
Website: https://www.angloamerican.com
Description: Anglo American Plc is a mining company headquartered in London, United Kingdom. Established in 1917, the company operates in the mining industry and is one of the largest producers of platinum and diamonds globally. With approximately 94,000 employees, Anglo American Plc engages in the exploration, extraction, and processing of various minerals, including iron ore, copper, coal, and nickel. The company's mining operations span across different continents, contributing to its revenue of 24.5 billion USD. Anglo American Plc prioritizes sustainable mining practices and actively invests in technologies and initiatives for environmental protection and community development.
#4 Vale SA
Employees: 85K
Revenue: 37.6B$
Website: https://www.vale.com
Description: Vale SA is a mining company headquartered in Rio de Janeiro, Brazil. Founded in 1942, the company has grown to become one of the largest mining companies in the world. With approximately 85,000 employees, Vale operates across South America, with a focus on iron ore, nickel, and copper mining. The company is known for its expertise in mining and mineral exploration, employing advanced technologies and sustainable practices to ensure responsible mining operations. Vale's revenue reached 37.6 billion US dollars, making it a key player in the global mining industry.
#3 Rio Tinto Group
Employees: 46K
Revenue: 40B$
Website: https://www.riotinto.com/
Description: Rio Tinto Group, headquartered in Melbourne, Australia, is a leading player in the mining industry. Founded in 1873, the company has a workforce of approximately 46,000 employees. With a revenue of 40 billion dollars, Rio Tinto is one of the largest mining companies in the world. The company is engaged in the exploration, mining, and processing of a wide range of mineral resources, including aluminum, copper, diamonds, gold, silver, and uranium. Rio Tinto operates mines and production facilities across the globe, contributing to the global supply of essential metals and minerals. With a strong commitment to sustainability and responsible mining practices, Rio Tinto aims to create long-term value for its stakeholders.
#2 BHP Group
Employees: 80K
Revenue: 40B$
Website: https://www.bhp.com
Description: The BHP Group, headquartered in Melbourne, Australia, is a leading company in the mining industry. Founded in 1885, BHP operates in various segments of the mining sector, including iron ore, coal, copper, and petroleum. With approximately 80,000 employees worldwide, the company has a strong global presence. BHP is involved in the exploration, production, and marketing of natural resources, contributing to the global supply of essential commodities. The company's revenue is estimated at 40 billion US dollars, reflecting its significant market position in the mining industry.
#1 Glencore Plc
Employees: 160K
Revenue: 215B$
Website: https://www.glencore.com/
Description: Glencore Plc is a leading mining company headquartered in Baar, Switzerland. With a history dating back to 1974, Glencore operates in the mining industry, specializing in the extraction, production, and trading of commodities. The company employs approximately 160,000 people worldwide and generates an annual revenue of 215 billion US dollars. Glencore's diverse portfolio includes operations in various commodities such as coal, copper, zinc, nickel, and oil. Through its global network, Glencore plays a significant role in the global supply chain, connecting producers and consumers of natural resources. The company's commitment to sustainable development and responsible mining practices is reflected in its efforts to minimize environmental impact and support local communities where it operates.
Summary
The mining industry is a vital sector of the global economy, providing essential raw materials for various industries such as construction, manufacturing, and energy. Forbes has conducted an analysis to identify the top companies within the mining sub-industry based on their revenue, market capitalization, and overall industry influence. The rankings reveal the most successful and influential players in this sector.
One unexpected finding from the analysis is the significant growth of mining companies in emerging markets. While historically dominated by companies from developed countries, the mining industry has witnessed a rise in successful firms from emerging economies such as China, India, and Brazil. These companies have capitalized on their access to abundant mineral resources and have rapidly expanded their operations, challenging the dominance of traditional mining powerhouses.
Among the premier companies in the mining sub-industry is Anglo American, a multinational mining company headquartered in the United Kingdom. Anglo American is renowned for its diversified portfolio of mining assets, including iron ore, diamonds, copper, and platinum. Another prominent player is BHP, an Australian mining company that specializes in the extraction of commodities such as iron ore, coal, and petroleum. BHP's extensive global operations and innovative mining techniques set it apart from its competitors.
One common element driving the prosperity of the top mining companies is their commitment to sustainable and responsible mining practices. These companies prioritize environmental stewardship, community engagement, and worker safety in their operations. By adopting advanced technologies and investing in research and development, they aim to minimize their environmental impact and maximize resource efficiency.
What sets these eminent mining companies apart from their industry rivals is their ability to navigate complex geopolitical landscapes and regulatory environments. They have established strong relationships with governments and local communities, enabling them to secure mining rights and operate in challenging regions. Furthermore, their focus on innovation and technological advancements has allowed them to stay ahead in an increasingly competitive industry.