The leading United States mining company based on revenue as of 2023 was Freeport-McMoRan. At that time, the company's revenue during the most recent fiscal year amounted to 22.7 billion U.S. dollars.
Leading companies in the U.S. mining industry
Based on market capitalization, Southern Copper Corp was the leading U.S. mining company in 2023 by a margin of about six billion U.S. dollars. Headquartered in Arizona, Southern Copper had a market capitalization of 66.5 billion U.S. dollars as of December 2023. Second- and third-leading mining companies in the U.S. at that time based on market cap were Freeport-McMoRan and Newmont Corporation, which had market capitalizations of 60.5 billion U.S. dollars and 47.8 billion U.S. dollars, respectively at that time. As one of the world’s largest copper producers, Freeport-McMoRan employed about 25,600 people in 2022. Meanwhile, the total U.S. mining industry had around 556,000 employees that year.
Mining companies worldwide
The total revenue of the leading mining companies worldwide in 2022 was a record 943 billion U.S. dollars, a large increase from the 496 billion U.S. dollars generated in 2016. Glencore was the world’s leading mining company based on revenue overall based on a 2023 ranking, at 256 billion U.S. dollars.
FAQs
Mining company Glencore was ranked as the number one mining company in the world as of 2023, with an annual revenue in 2022 of approximately 256.03 billion U.S. dollars. In third place was BHP. BHP's revenue has recovered in the past two years from a slump in revenues in 2016 and 2017.
What is the largest US mining company? ›
The leading United States mining company based on revenue as of 2023 was Freeport-McMoRan. At that time, the company's revenue during the most recent fiscal year amounted to 22.7 billion U.S. dollars.
What are the big 4 mining companies? ›
BHP, Rio Tinto, Glencore Plc, Vale SA, and China Shenhua Energy Co Ltd are the top 5 mining companies in the world in 2022 by market cap (as of December 31, 2022).
What is the #1 mineral mined in the US? ›
Top Commodities mined in the US, 2019
| Rank | Commodity | Value, US$ billion |
|---|
| 1 | Coal | 25.1 |
| 2 | Crushed rock | 18.7 |
| 3 | Cement | 12.5 |
| 4 | Gold | 9.0 |
5 more rowsList of largest mining companies by revenue
| No. | Company | Revenue (billion US dollars) |
|---|
| 1 | Glencore | 255.98 |
| 2 | Jiangxi Copper | 70.99 |
| 3 | BHP | 60.28 |
| 4 | Rio Tinto | 50.55 |
6 more rowsTier 1 deposits are “Company making” mines. They are large, long life and low cost. Using long run commodity prices it generates >$300-600m pa of revenue (i.e. >200 kt pa Cu or >800 kt pa Zn+Pb or >5kt pa of U3O8 or >250 koz pa Au) for >20 years and is in the bottom quartile of the cost curve.
What are the top 5 mining states in the US? ›
The Top Mineral-Producing States in the U.S.
| Rank | State | Mineral Production Value (2022) |
|---|
| 1 | Arizona | $10.1B |
| 2 | Nevada | $8.9B |
| 3 | Texas | $8.0B |
| 4 | California | $5.6B |
6 more rowsMar 20, 2023
The mindat.org mining company directory
With 789 mining companies listed.
What are the largest platinum mining companies? ›
Some of the largest platinum-producing companies include Anglo American Platinum, Impala Platinum, Lonmin Plc, and Vale S.A. (NYSE:VALE), among others. Vale S.A. (NYSE:VALE), one of the most valuable mining companies, is also the second-top producer of nickel.
What is the most profitable mineral to mine? ›
Gold, platinum group metals, lithium, rare earth elements, and copper are among the most profitable minerals to mine.
What minerals is the U.S. rich in? ›
The United States of America is a land with vast natural resources including coal, copper, lead, uranium, molybdenum, nickel, phosphates, silver, rare earth elements, bauxite, gold, iron, mercury, zinc, potash, tungsten, petroleum and natural gas.
Which state is the richest in minerals? ›
Jharkhand is the richest State of India from the point of view of minerals.
What is the number one Bitcoin mining company? ›
Marathon Digital Holdings
Sky News Business Editor Edward Boyd has travelled to Rio Tinto's Gudai-Darri mine in Western Australia to see... more the mining corporation's newest and most technologically advanced mine.
What are the most innovative mining companies? ›
10 Top Mining Companies to Watch:
- Impossible Metals – Autonomous Underwater Vehicles.
- Airth.io– Mine Value Chain Optimization.
- Reverse Carbon Mining Project – Reverse Carbon Mining.
- Medaro Mining – Hard Rock Lithium Mining.
- EnviroGold Global – Volcanogenic Massive Sulfide Ores Processing.
- SensOre – Geoscience Data Analysis.
