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Published by L. Granwal, Jul 16, 2024
BHP Group Limited led the metals and mining companies listed on the Australian Securities Exchange as of July 2024, with a market capitalization of over 221 billion Australian dollars. BHP (formerly known as BHP Billiton) is a British-Australian mining company, with its major headquarters in London and Melbourne. It is one of the leading mining companies in the world.
Mining company BHP
BHP is a global mining, metals, and petroleum company with operations in Australia, North America, South America, and the U.K. In the fiscal year 2023,BHP’s revenue reached 53.8 billion U.S. dollars. Theprofit of BHP was reported at over 14 billion U.S. dollars in the same year. The company primarily focuses on the extraction of coal, copper, iron ore, and petroleum.BHP's iron ore segment had the highest revenue at over 24.8 billion U.S. dollars in the fiscal year 2023.
Mining in Australia
Mining is one of Australia’s largest industries, and the country plays a crucial role in the trade of mining commodities. The value added by the mining industry in Australia exceeded 350 billion Australian dollars in 2023. Furthermore, themining industry provides employment opportunities to almost 200 thousand people in Australia. Australia’s role in the mining industry is expected to continue to grow, particularly in Asia, due to its vast resources, proximity, and willingness to participate in the global marketplace.
Leading metals and mining companies by market capitalization in Australia as of July 2024 (in billion Australian dollars)
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