Largest mining companies by market cap (2024)

FAQs

What is the biggest mining company in the world by market cap? ›

BHP Billiton Group maintained its supremacy throughout the year and once again ended the year in top place. The gulf grew between the market valuation of BHP and Rio Tinto, who came in second place.

BHP is the largest ASX company, capped at A$230bn, while Rio Tinto is third at $190bn. For those who were wondering, the second company is CBA (ASX:CBA) which is just over $200bn.

Australia is the world's top mining nation overall. It is the largest producer of bauxite, iron ore and lithium and a top global producer of coal, aluminum, copper, gold, manganese, nickel, silver, uranium, and zinc.

Cumulatively, the top 5 Mining companies in the world had a total market cap of $513,431 million (as of December 31, 2022), with BHP having the highest ($156,676 million), followed by Rio Tinto ($116,178 million), and Glencore Plc ($85,035 million), while China Shenhua Energy Co Ltd is the lowest ($75,189 million).

Global list of leading mining companies 2024, based on revenue. Mining company Glencore was ranked as the number one mining company in the world as of 2024, with an annual revenue in 2023 of approximately 218 billion U.S. dollars. In third place was BHP.

Bill Gates and Jeff Bezos made a bet on mining startup KoBold—now they've struck gold. Microsoft founder Bill Gates' venture firm has backed mining unicorn KoBold Metals, which has discovered a huge copper deposit.

BlackRock, Inc. is currently the company's largest shareholder with 7.0% of shares outstanding. Morgan Stanley, Investment Banking and Brokerage Investments is the second largest shareholder owning 5.7% of common stock, and Norges Bank Investment Management holds about 4.5% of the company stock.

Who is Rio Tinto's biggest customer? ›

Over more than half a century, China has grown to become Rio Tinto's largest customer with about 250 million tonnes of iron ore shipped each year. Four billion tonnes is enough iron ore to produce the steel needed for about 45,000 Sydney Harbour Bridges, or more than 23,000 Beijing National Stadiums (Bird's Nest).

Its main customers are located in western Europe and Asia. Aluminium's demand is driven by end-use consumption in transportation, packaging, construction, and household items. BHP is the world's largest producer of manganese ore. It's one of the top producers of manganese alloy.

Rio Tinto International Holdings Limited

Rio Tinto / Parent organization

What are the best mining stocks to invest in? The best mining stocks to invest in are Barrick Gold, Rio Tinto, and BHP Group. These mining giants have low-cost operations, they focus on precious or industrial metals, and they have strong balance sheets.

Glencore Holdings Pty Limited is a wholly owned subsidiary of Glencore plc, a Switzerland-based mining and commodities trading company.

Despite an 8% decline in output from 2022, Newmont remains the top gold producer with 5.5 million oz. across its global operations, which span four continents.

Marathon Digital is currently the largest U.S.-listed bitcoin miner with a $5.3 billion market cap, followed by CleanSpark and Riot Platforms at $4 billion and $3 billion, respectively.

The United States of America-based Caterpillar Inc is the leading equipment manufacturer in the world by revenue. The company reported revenues of $50,971 million for the fiscal year ended December 2021 (FY2021), an increase of 22.1% over FY2020, due to lower provision for credit losses at Cat Financial.