25 World’s Largest Mining Companies

 

25 World’s Largest Mining Companies in 2023

 

25 World’s Largest Mining Companies- Based on the published annual report of 2023, there are 25 World’s Largest Mining Companies. They are the main producers of diversified mining products with billion dollars of total assets and Net Income. Probably, some of the companies are wellknown companies and maybe we all know the name. With the risk of health and environmental pollution in doing the mining business, these companies can explore natural treasure from earth and sell the mining products to others or process it to final goods from time to time.

Mining is an activity of exploring valuable and economically mineral deposits from the earth's crust, both mechanically and manually, on the earth's surface, below the earth's surface and below the water surface. Some of the common products of this activity, namely coal, iron sand, tin ore, nickel ore, bauxite ore, copper ore, gold ore, silver, and manganese ore.

In 2023, after the global pandemic and the threat of future global war, some mining companies performed mixed results affecting positive and negative business performance. As we know, their business performance depends on the international markets of mining products. It is very volatile and risky. In the future, we cannot predict the growth of income in these mining companies because of fluctuations of international mining market products. Here is the Rank of 25 World’s Largest Mining Companies based on the net income. All the net income data was obtained from Income Statement, Annual Report of each mining company in 2023.

The Rank of 25 World’s Biggest Mining Companies Based on Net Income in 2023

Rank	Name of Company	Total Revenue	Total Revenue	Net Income	Net Income
		Origin Currency	US Dollar	Origin Currency	US Dollar
1	BHP Group Ltd.	USD 53.8 billion	USD 53.8 billion	USD 14.3 billion	USD 14.3 billion
2	China Shenhua Energy Co. Ltd.	RMB 343 billion	USD 48 billion	RMB 75 billion	USD 10.5 billion
3	Rio Tinto PLC	USD 54 billion	USD 54 billion	USD 9.9 billion	USD 9.9 billion
4	Vale SA	USD 41.7 billion	USD 41.7 billion	USD 8.1 billion	USD 8.1 billion
5	Coal India	INR 1,423 billion	USD 18.4 billion	INR 374 billion	USD 4.8 billion
6	Fortescue	USD 16.8 billion	USD 16.8 billion	USD 4.7 billion	USD 4.7 billion
7	Zijin Mining Group Co. Ltd.	RMB 293 billion	USD 41 billion	RMB 26.5 billion	USD 3.71 billion
8	Tianqi Lithium Corporation	RMB 40.5 billion	USD 5.67 billion	RMB 25.6 billion	USD 3.5 billion
9	Freeport Mcmoran	USD 22.8 billion	USD 22.8 billion	USD 3.7 billion	USD 3.7 billion
10	China Coal Energy	RMB 192 billion	USD 26.8 billion	RMB 26.4 billion	USD 3.6 billion
11	Glencore PLC (GLNCY)	USD 217 billion	USD 217 billion	USD 3.2 billion	USD 3.2 billion
12	Shaanxi Coal and Chemical Industry	RMB 159 billion	USD 22.2 billion	RMB 21.2 billion	USD 2.9 billion
13	Norilsk Nickel	USD 14.4 billion	USD 14.4 billion	USD 2.8 billion	USD 2.8 billion
14	Southern Copper	USD 9.9 billion	USD 9.9 billion	USD 2.4 billion	USD 2.4 billion
15	Yankuang Energy Group	RMB 120 billion	USD 16.8 billion	RMB 16.6 billion	USD 2.3 billion
16	Barrick Gold	USD 11.3 billion	USD 11.3 billion	USD 1.9 billion	USD 1.9 billion
17	Aluminum Corporation of China Ltd	RMB 225 billion	USD 31.5 billion	RMB 12.5 billion	USD 1.75 billion
18	Polyus	USD 5.4 billion	USD 5.4 billion	USD 1.7 billion	USD 1.7 billion
19	Albemarle	USD 9.6 billion	USD 9.6 billion	USD 1.6 billion	USD 1.6 billion
20	Anglo American PLC	USD 30.6 billion	USD 30.6 billion	USD 1.3 billion	USD 1.3 billion
21	Jiangxi Copper Co. Ltd.	RMB 520 billion	USD 72 billion	RMB 7.2 billion	USD 1 billion
22	Ma'aden	SAR 29.2 billion	USD 7.8 billion	SAR 1.4 billion	USD 0.37 billion
23	China Northern Rare Earth	RMB 33.3 billion	USD 4.6 billion	RMB 2.3 billion	USD 0.3 billion
24	Franco Nevada	USD 1.2 billion	USD 1.2 billion	(USD -0.44 billion)	(USD -0.44 billion)
25	Newmont Corp	USD 11.8 billion	USD 11.8 billion	(USD -2.4 billion)	(USD -2.4 billion)
Source: Annual Report, 2023
Origin Currency: Currency which officially Used in Annual Report 2023
US Dollar: Converted Currency from Origin Currency into US Dollar (USD) based Currency Rates
Currency Rates:
1 Yuan Renminbi (RMB) = 0.14 US Dollar (USD)
1 Indian Rupee (INR) = 0.013 US Dollar (USD)
1 Saudi Arabian Riyal (SAR) = 0.27 US Dollar (USD)

 

 

As additional data, we also provide the financial position of each company in 2023. These data are obtained from the balance sheet of the company in 2023 and present the data of total assets and total liabilities. Here are the conditions of the financial position of 25 World’s Largest Mining Companies in 2023. We arranged the rank based on the Total Assets of each company.

 

The Rank of 25 World’s Largest Mining Companies Based on Total Assets in 2023

Rank	Name of Company	Total Assets	Total Assets	Total Liabilities	Total Liabilities
		Origin Currency	US Dollar	Origin Currency	US Dollar
1	Glencore PLC	USD 123 billion	USD 123 billion	USD 84 billion	USD 84 billion
2	Rio Tinto PLC	USD 103.5 billion	USD 103.5 billion	USD 47.2 billion	USD 47.2 billion
3	BHP Group Ltd.	USD 101.2 billion	USD 101.2 billion	USD 52.7 billion	USD 52.7 billion
4	Vale SA	USD 94.1 billion	USD 94.1 billion	USD 53.2 billion	USD 53.2 billion
5	China Shenhua Energy Co. Ltd.	RMB 633 billion	USD 88 billion	RMB 151 billion	USD 21 billion
6	Anglo American PLC	USD 66.5 billion	USD 66.5 billion	USD 34.9 billion	USD 34.9 billion
7	Newmont Corp	USD 55.5 billion	USD 55.5 billion	USD 26.3 billion	USD 26.3 billion
8	Freeport McMoran	USD 52.5 billion	USD 52.5 billion	USD 25.1 billion	USD 25.1 billion
9	Yankuang Energy Group	RMB 354 billion	USD 49.5 billion	RMB 235 billion	USD 32.9 billion
10	China Coal Energy	RMB 349 billion	USD 48.8 billion	RMB 166 billion	USD 23.2 billion
11	Zijin Mining Group Co. Ltd.	RMB 343 billion	USD 48 billion	RMB 204 billion	USD 28 billion
12	Barrick Gold	USD 45.8 billion	USD 45.8 billion	USD 13.8 billion	USD 13.8 billion
13	Coal India	INR 2,376 billion	USD 30.8 billion	INR 1,528 billion	USD 19.8 billion
14	Ma'aden	SAR 111 billion	USD 29.9 billion	SAR 55 billion	USD 14.8 billion
15	Aluminum Corporation of China Ltd.	RMB 211 billion	USD 29.5 billion	RMB 112 billion	USD 15.6 billion
16	Fortescue	USD 28.2 billion	USD 28.2 billion	USD 10.2 billion	USD 10.2 billion
17	Jiangxi Copper Co. Ltd.	RMB 168 billion	USD 23.5 billion	RMB 91 billion	USD 12.7 billion
18	Norilsk Nickel	USD 23.5 billion	USD 23.5 billion	USD 15.9 billion	USD 15.9 billion
19	Shaanxi Coal and Chemical Industry	RMB 158 billion	USD 22 billion	RMB 69 billion	USD 9.4 billion
20	Albemarle	USD 18.2 billion	USD 18.2 billion	USD 8.8 billion	USD 8.8 billion
21	Southern Copper	USD 16.7 billion	USD 16.7 billion	USD 9.2 billion	USD 9.2 billion
22	Tianqi Lithium Corporation	RMB 73.2 billion	USD 10.2 billion	RMB 18.9 billion	USD 2.6 billion
23	Polyus	USD 9.2 billion	USD 9.2 billion	USD 9.9 billion	USD 9.9 billion
24	Franco Nevada	USD 5.9 billion	USD 5.9 billion	USD 0.22 billion	USD 0.22 billion
25	China Northern Rare Earth	RMB 40.4 billion	USD 5.6 billion	RMB 13.1 billion	USD 1.8 billion
Source: Annual Report, 2023
Origin Currency: Currency which officially Used in Annual Report 2023
US Dollar: Converted Currency from Origin Currency into US Dollar (USD) based Currency Rates
Currency Rates:
1 Yuan Renminbi (RMB) = 0.14 US Dollar (USD)
1 Indian Rupee (INR) = 0.013 US Dollar (USD)
1 Saudi Arabian Riyal (SAR) = 0.27 US Dollar (USD)

 

Brief Description of 25 World’s Largest Mining Companies

 

1.Glencore PLC 

Glencore plc is an Anglo-Swiss Multinational mining company that was founded in 1974 by Marc Rich. Along with development of the company, Glencore has more than 150,000 employees and contractors with operational area in thirty-five countries and 6 continents. In 2023, Glencore can sell some of mining products, namely Copper metal and concentrates 3.3 million tons (mt), Zinc metal and concentrates 2.5 million tons (mt), Lead metal and concentrates 0.7 million tons (mt), Gold 2.1 million ounces (moz), Silver 50.9 million ounces (moz), Nickel 234  thousand tons (kt), Ferroalloys (incl. agency) 9.6  million tons (mt), Alumina/aluminium 10.2 million tons (mt), Iron ore 78.4 million tons (mt), Thermal coal 73.0 million tons (mt),  and Metallurgical coal 1.9 million tons (mt). Financially, in 2023, Glencore can generate total revenue of USD 217 billion and successfully gained net income USD 3.2 billion. Based on the total assets, this company has USD 123 billion of total assets with total liabilities of USD 84 billion.

Geographically, some of the mining sites of Glencore have spread out into several countries and continents. The Copper mining site located in Kolwezi, in the Lualaba Province Congo (a joint venture with Kamoto Copper Company SA (KCC)), Collahuasi (Chile), Antamina (Peru), Antapaccay (Peru) and Lomas Bayas (Chile), Mount Isa Mines (Australia), and Pasar (Philippines). Furthermore, the cobalt and Nickel mining sites of glencore can be found in Congo (a joint venture with Kamoto Copper Company SA (KCC)), Murrin Murrin (Australia), Nikkelverk (Norway), Raglan Mine (Canada), Sudbury INO (Canada), Koniambo (New Caledonia). In addition, Zinc and lead mining sites are in Kazzinc (Kazakhstan), McArthur River Mine and Mount Isa Mines (Australia), Nordenham (Germany), Portovesme (Italy), Kidd Operations (Canada). The ferroalloys mining sites are in Rietvly silica mine (South Africa), Waterval and Kroondal chrome mines (South Africa), Brits, Rhovan (South Africa).

 

2.BHP Group Ltd.

BHP is an Anglo-Australian multinational mining, metals and petroleum company that was founded on September 29th, 1860. Operationally, this company has primary offices in Melbourne, Australia and London, England. Along with development of the company, BHP has more than 80.000 of employees and exists in ninety locations of operational area. Operationally, in 2023, BHP can produce Copper of 1.7 million tons (mt), Iron Core of 257 million tons (mt), coal of 72 million tons (mt), Nickel of 80 thousand tons. Financially, in 2023, BHP group generates total revenue of USD 53.8 billion and net income around USD 14.3 billion. Geographically, The Mining sites of BHP located in some countries, namely Australia (Western Australia Iron Ore, Nickel West, Copper South Australia, NSW Energy Coal, BHP Mitsubishi Alliance), Chile (Pampa Norte and Escondida), Canada (Jansen Potash), USA (Resolution copper) and other countries.

3.Rio Tinto PLC

Rio Tinto Group is an Anglo-Australian multinational that has primary offices in Melbourne, Australia and London, England. It was founded in 1873 and nowadays Rio Tinto has more than 50 thousand employees and operates in 35 countries. Geographically, some of the mining sites managed by Owned and managed by Rio Tinto, namely Rio Tinto Mine Site (Nevada), Rio Tinto Mines (Spain), Boron (California), Argyle (Australia), Diavik Diamond Mine (Canada), Ranger Uranium Mine (Australia) and other exploration mining sites. In 2023, in terms of mining production, Rio Tinto can produce Alumina 11.2 million tons (mt), Aluminum 4.8 million tons (mt), Bauxite 72 million tons (mt), Copper 620 thousand tons, Diamond 3,340 thousand carats, and Gold 480 thousand ounces (koz). Financially, according to the Annual Report in 2023, Rio Tinto successfully generated total revenue of USD 54 billion and net income of USD 9.9 billion.

4.Vale SA 

Vale is a multinational mining company from Brazil. Officially, this company has a central office in Rio de Janeiro, Brazil. To date, Vale still becomes one of the world's largest company producers of iron ore and nickel which has mining sites in Brazil, USA, Canada, Chile, Peru, and Indonesia. Financially, in 2023, this company generates revenue of USD 41 billion and net income reaches USD 8.1 billion. In terms of business structure, The Vale's operations are organized into two operational segments, namely "Iron Ore Solutions" and "Energy Transition Metals.”  Specifically, Iron Ore Solutions Consist of iron ore extraction and iron ore pellet production, meanwhile Energy Transition Metals consist of the production of nickel, copper, and its derivative products.

 

5.China Shenhua Energy Co. Ltd.

China Shenhua Energy Company is a Chinese mining company that was founded in Beijing in November 2004. The Group is principally engaged in the production and market of coal mining. As of the end of 2023, among the coal mining rights possessed and controlled by the Group, the coal resources are 32.58 billion tonnes and recoverable coal reserves 14.42 billion tonnes under the PRC Standard. Furthermore, in 2023, total coal sales of China Shenhua reached 450 million tons. Geographically, as of 2023, China Shenhua has several coal mine sites located in Shandong Mines, Zhungeer Mines, Shengli Mines, Baorixile Mines, Baotou Mines, and Xinjie Mines. Financially, in 2023, the company generated revenue of RMB 343 billion or equivalent to USD 48 billion with net income of RMB 75 billion or equivalent to USD 10.5 billion.

6.Anglo American PLC 

Anglo American plc is a British multinational mining company that has headquarters in London, England. Historically, this company was founded in 1917 by Sir Ernest Oppenheimer. Along with development of the company, Anglo-American PLC has employees of 60,000. Financially, in 2023, this company generates revenue of USD 30.6 billion and net income around USD 1.3 billion. Based on product contributions, Anglo American successfully produced copper 826 thousand tons (kt), nickel of 40 thousand tons (kt), Iron Ore of 24.2 million tons (mt), steelmaking coal of 16 million tons, manganese of 3.7 million tons (mt).

 

7.Barrick Gold

Barrick owns and operates six Tier One gold mines: Cortez, Carlin and Turquoise Ridge in Nevada, Loulo-Gounkoto in Mali, Kibaki in the Democratic Republic of Congo, and Pueblo Viejo in the Dominican Republic. Furthermore, Barrick Gold also has gold and copper mines and projects in 13 countries in North and South America, Africa, Papua New Guinea, and Saudi Arabia. Barrick’s diversified portfolio spans the world’s most prolific gold districts and is focused on high margin, long-life assets. In terms of production, total gold production reached 4 million ounces (moz) and 420 million pounds (Mlbs). Financially, in 2023, according to the annual report, this company successfully generated revenue of USD 11.3 billion with net income reaching USD 1.9 billion.

8.China Coal Energy

China Coal energy is a mining company which has a central office in Beijing, China. The Company is a large-scale energy enterprise integrating businesses such as coal production and trading, coal chemical operations, coal mining equipment manufacturing and relevant services as well as pit-mouth power generation. This Company principally engaged in coal business with overall strength leading the industry due to its advanced technology for coal mining, washing and preparation of coal and comprehensive marketing and customer service networks. In terms of coal production, in 2023, China coal energy can produce 134 million tons of commercial coal with total sales of coal reaching 284 million tons. Geographically, the coal mining sites of China Coal energy are in Shanxi, Inner Mongolia and Shaanxi, Jiangsu, Xinjiang. Financially, in 2023, China Coal Energy successfully generated total revenue of RMB 192 billion or equivalent to USD 26.8 billion and net income reaching RMB 26.4 billion or equivalent to USD 3.6 billion.

9. Yankuang Energy Group

Yankuang Energy Group is a Chinese mining company that has a primary office in Jining, Shandong, China. Historically, this company was founded in 1997. The Company is one of the main coal producers, suppliers and traders in China and Australia. The products of the Company include thermal coal, PCI coal and coking coal applicable to electric power, metallurgy, and chemical industry, etc., which are mostly sold to East China, North China, South China, Northwest China, and other regions of China, as well as Japan, South Korea, Singapore, Australia, and other countries. Operationally, the Company’s coal chemical business is concentrated in Shandong Province, Shaanxi Province, and Inner Mongolia Autonomous Region. The main products including methanol, liquid wax, stable light hydrocarbon, acetic acid, ethyl acetate, etc. are mostly sold to North China, East China, South China, and Northwest China. Financially, the company generated revenue of RMB 120 billion or equivalent to USD 16.8 billion and successfully gained net income of RMB 16.6 billion or equivalent to USD 2.3 billion.

10. Freeport-McMoRan

Freeport-McMoRan Inc. (FCX) is a leading international mining company that has a central office in Phoenix, Arizona. Commonly, FCX operates large, and geographically diverse assets with reserves of copper, gold, and molybdenum. FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona, New Mexico (Chino and Tyrone), Colorado (Henderson & Climax), El Abra (Chile), and the Cerro Verde operation in Peru. In terms of mineral Production in 2023, Freeport-McMoRan can produce copper of 4.2 billion pounds, gold of 1.9 million ounces (moz), and molybdenum 82 million pounds. Financially, in 2023, the Freeport-McMoRan successfully generated total revenue of USD 22.8 billion and net income reached USD 3.7 billion.

11.Newmont Corp

Newmont Corporation is primarily a gold producer with significant operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. On December 31, 2023, Newmont had gold reserves of 94.2 million ounces and a land position of 22,700 square miles (58,900 square kilometres). Newmont engaged in the production of copper, silver, lead and zinc. Newmont Corporation was incorporated in 1921 and is completing its 100th year as the world’s leading gold company. Financially, in 2023, this company generated total revenue of USD 11.8 billion but suffered a net loss of USD -2.4 billion.

12.Aluminum Corporation of China Ltd.

Aluminium Corporation of China Limited or simply known as Chalco was incorporated on September 10th, 2001, in China. Chalco is a leading company in China’s non-ferrous industry, it is also the only large company in China’s aluminum industry that is engaged in the whole value chain, from exploration and mining of bauxite and coal, the production, sales, and R&D of alumina, primary aluminium, and aluminium alloy products, to international trade, logistics, and power generation from both fossil fuels and new energy. Financially, in 2023, the company generated RMB 225 billion or equivalent to USD 31.5 billion and net income reached RMB 12.5 billion or equivalent to USD 1.75 billion.

13.Zijin Mining Group Co. Ltd.

Zijin Mining is a multinational Chinese mining group dedicated to exploration and development of gold, copper, and other mineral resources globally, and covers refining, processing, trading, and other businesses to an optimal extent. Operationally, the company owns significant mining investment projects in twelve overseas countries and fourteen provinces (regions) in the PRC with total production of copper reaching 1 million tons as of 2023. It is one of the Chinese companies owning the largest metal resources volume, controlling the largest reserve volumes of copper and gold resources overseas and having the largest output of mine-produced products. Financially, in 2023, the company generated revenue RMB 293 billion or equivalent to USD 41 billion and net income reached RMB 26.5 billion or equivalent to USD 3.71 billion.

14.Fortescue

Established in 2003, Fortescue Metals Group Ltd (Fortescue) has become one of the world’s largest producers of iron ore. Fortescue operations include three mining hubs in the Pilbara, Western Australia, which are connected to the five berth Herb Elliott Port and the Judith Street Harbour towage infrastructure in Port Hedland via 760 kilometres of the fastest heavy haul railway in the world. Operationally, Fortescue can deliver iron ore at an annual rate of over 190 million tons. Financially, according to the annual report in 2023, the company generated revenue of USD 16.8 billion and net income around USD 4.7 billion.

15.Ma'aden

MA'ADEN (Saudi Arabian Mining Co.) is diversified mining company that has some gold, base metals productions. Operationally, the total number of employees of this company reaches 6,800 people. Operationally, as of 2023, Ma'aden has production of alumina reaching 1.8 million tons, ammonia of 3.2 million tons, gold of around 407 thousand ounces (koz). Financially, according to the annual report of 2023, Ma’aden gained total revenue of SAR 29.2 billion or equivalent to USD 7.8 billion and successfully gained net income of SAR 1.4 billion or equivalent to USD 0.37 billion.

16.Shaanxi Coal and Chemical Industry

Shaanxi Coal and Chemical Industry Group Co is a coal company based in Xi'an, China which was founded in 2004 and has 136,000 employees as of 2023. Financially, in 2023, Shaanxi Coal and Chemical Industry generates revenue of RMB 159 billion or equivalent to USD 22.2 billion with net income of reaching RMB 21.2 billion or equivalent to USD 2.9 billion.

17.Jiangxi Copper

Jiangxi Copper is a Chinese company that was founded in 1979. Operationally, this company has a primary office in Guixi, Jiangxi, China with total employees of around 26 thousand people. The principal business of the Jiangxi Copper included copper and gold mining and dressing, smelting, and processing extraction and processing of scattered metals and sulphuric chemistry. Financially, as of 2023, the Jiangxi Copper generated total revenue of RMB 520 billion or equivalent to USD 72 billion and gained net income reaching RMB 7.2 billion or equivalent to USD 1 billion.

18.Coal India

Coal India Limited is an Indian government-owned coal mining and refining corporation. Based on the ownership, this company is fully owned by the Ministry of Coal, Government of India. Operationally, this company has a central office in Kolkata, West Bengal, India and can produce 79 million tons of coal with operations spanning 83 mining areas across eight states in India. Basically, the coal production from Coal India Limited can fulfil approximately 79% of India’s coal production needs. Financially, the company successfully generates total revenue of INR 1,423 billion or equivalent to USD 18.4 billion and net income reaches INR 374 billion or equivalent to USD 4.8 billion.

19.Norilsk Nickel

Norilsk Nickel, or simply known as Nornickel has primary office in Moscow, Russia. Commonly, The Norilsk Nickel Group is the leader in Russia’s metals and mining industry and the largest palladium and Class I nickel producer globally as well as a leading producer of platinum and copper. Statistically, in 2023, total production of Nickel reached 190 thousand tons, copper 407 thousand tons, palladium 2,616 thousand ounces (koz), platinum 641 thousand ounces (koz). Historically, it was founded in 1993. Financially, according to an annual report in 2023, Norilsk Nickel successfully generated revenue of USD 14.4 billion and net income USD 2.8 billion.

20. Southern Copper

Southern Copper Corporation is a Mexican-based mining company that was founded in 1952 and has a central office in Mexico City, Mexico. Operationally, Southern Copper has major production includes copper, molybdenum, zinc, and silver. Operationally, Southern Copper's mining, smelting and refining facilities are in Peru and Mexico. Furthermore, Southern Copper has exploration sites in Argentina, Chile, and Ecuador. As of 2023, Southern Copper can produce 2,088 million pounds of copper, 18 million ounces (moz) of silver, 59 million pounds of molybdenum, 144 million pounds of Zinc. Financially, in 2023, this company generates revenue of USD 9.9 billion and net income reaches USD 2.4 billion.

21.Albemarle

Albemarle Corporation was founded in Virginia in 1993. This company is one of leading global developer, manufacturer and marketer of highly engineered specialty chemicals that are designed to meet their customers’ needs across a diverse range of end markets serving approximately 1,900 customers in approximately 70 countries. Financially, according to the annual report of 2023, this company generates revenue of USD 9.6 billion and net income reaches USD 1.6 billion.

22.Polyus

PJSC Polyus is a gold mining company based in Moscow, Russia. Operationally, The Polyus large-scale production mining assets are spread across Russia’s richest gold mining provinces in Eastern Siberia and the Far East. The Polyus mining sites are located in Krasnoyarsk Territory, Irkutsk, Magadan, and Amur Regions, and the Republic of Sakha (Yakutia). Statistically in 2023, Polyus has total gold production reaching 2.9 million ounces (moz). Financially, this company successfully generates revenue of USD 5.4 billion and net income reaches USD 1.7 billion in 2023.

23.Tianqi Lithium Corporation

Tianqi Lithium is a mining company from China with Lithium production as its core business. Along with development of the company, the company has 1,600 employees and 170 patent numbers. The five chemical plant operational areas spread in Shehong (Sichuan), Zhangjiagang (Jiangsu), Tongliang (Chongqing), Kiwana (Australia), and Anju (Sichuan). Furthermore, Operationally, this company has lithium exploration sites located in Greenbushes mine in Western Australia and Coal mine in Sichuan. Financially, this company generates revenue of RMB 40.5 billion or equivalent to USD 5.67 billion and successfully gained net income around RMB 25.6 billion or equivalent to USD 3.5 billion.

24.Franco Nevada

Franco-Nevada Corporation is a Toronto, Ontario, Canada-based mining company. Geographically, some mining sites are managed by Franco Nevada, namely Cobre Panama, Candelaria, Antamina, Antapaccay, Continental Joint Venture, Vale Royalty Debentures and Labrador Iron Ore. Financially, this company has generated revenue of USD 1.2 billion but suffered net losses of USD -0.44 billion in 2023.

25.China Northern Rare Earth

China Northern Rare Earth has its central office in Baotou National Rare Earth High-Tech Industrial Development Zone, Baotou, Inner Mongolia, China. Specifically, China Northern Rare Earth produced rare earth concentrate and highly processed rare earth products. As of 2023, this company financially generates revenue of RMB 33.3 billion or equivalent to USD 4.6 billion and net income reached RMB 2.3 billion or equivalent to USD 0.3 billion.

 

The Summary of 25 World’s Biggest Mining Companies in 2023 Based on Total Assets

The Summary of 25 World’s Biggest Mining Companies in 2023 Based on Net Income

 

 

Bibliography 25 World’s Biggest Mining Companies in 2023

Glencore PLC .2024. Annual Report 2023. Accessed via https://www.glencore.com/investors/reports-results/2023-annual-report  on November 27th, 2024.

BHP Group Ltd.2024. Annual Report 2023. Accessed via https://www.bhp.com/investors  on November 27th, 2024.

Rio Tinto PLC.2024. Annual Report 2023. Accessed via https://www.riotinto.com/invest/reports/annual-report  on November 27th, 2024.

Vale SA. 2024. Annual Report 2023. Accessed via http://www.vale.com/en/investors/information-market/annual-reports/pages/default.aspx  on November 27th, 2024. 

China Shenhua Energy Co. Ltd. 2024. Annual Report 2023. Accessed via http://www.csec.com/zgshwwEn/dqbg/tzzgxList.shtml  on November 27th, 2024.

Anglo American PLC. 2024. Annual Report 2023. Accessed via https://www.angloamerican.com/investors/annual-reporting  on November 27th, 2024.

Barrick Gold. 2024. Annual Report 2023. Accessed via https://www.barrick.com/English/investors/annual-report/default.aspx  on November 27th, 2024.

China Coal Energy. 2024. Annual Report 2023. Accessed via https://www.wsj.com/market-data/quotes/CN/601898/financials   on November 27th, 2024.

Yanzhou Coal Mining Co. Ltd. 2024. Annual Report 2023. Accessed via http://www.yanzhoucoal.com.cn/en/announcement/node_158.htm  on November 27th, 2024.

Freeport McMorran. 2024. Annual Report 2023. Accessed via https://investors.fcx.com/investors/default.aspx   on November 27th, 2024.

Newmont Corp. 2024. Annual Report 2023. Accessed via https://www.newmont.com/investors/reports-and-filings/default.aspx  on November 27th, 2024.

Aluminium Corporation of China Ltd. 2024. Annual Report 2023. Accessed via http://www.chalco.com.cn/en/report/2023/202404/t20240421_79276.html  on November 27th, 2024.

Zijin Mining Group Co. Ltd. 2024. Annual Report 2023. Accessed via https://www.zijinmining.com/investors/Annual-Reports.jsp  on November 27th, 2024.

Fortescue. 2024. Annual Report 2023. Accessed via https://www.fmgl.com.au/investors/asx-announcements  on November 27th, 2024.

Ma'aden. 2024. Annual Report 2023. Accessed via https://www.maaden.com.sa/en/investor/report  on November 27th, 2024.

Shaanxi Coal and Chemical Industry. 2024. Annual Report 2023. Accessed via https://www.wsj.com/market-data/quotes/CN/XSHG/601225/financials  on November 27th, 2024.

Jiangxi Copper Co. Ltd. 2024. Annual Report 2023. Accessed via https://www.wsj.com/market-data/quotes/CN/XSHG/600362/financials  on November 27th, 2024.

Coal India. 2024. Annual Report 2023. Accessed via https://www.coalindia.in/performance/financial/  on November 27th, 2024.

NORILSK NICKEL. 2024. Annual Report 2023. Accessed via https://www.nornickel.com/investors/reports-and-results/  on November 27th, 2024.

Southern Copper. 2024. Annual Report 2023. Accessed via https://www.annualreports.com/Company/southern-copper-corp  on November 27th, 2024.

Albemarle. 2024. Annual Report 2023. Accessed via https://investors.albemarle.com/financial-information/annual-reports  on November 27th, 2024.

Polyus. 2024. Annual Report 2023. Accessed via https://polyus.com/en/investors/results-and-reports/  on November 27th, 2024.

Tianqi Lithium Corporation. 2024. Annual Report 2023. Accessed via http://en.tianqilithium.com/relationship/achievement.html  on November 27th, 2024.

Franco Nevada. 2024. Annual Report 2023. Accessed via https://www.franco-nevada.com/investors/  on November 27th, 2024.

China Northern Rare Earth. 2024. Annual Report 2023. Accessed via https://www.wsj.com/market-data/quotes/CN/600111/financials  on November 27th, 2024.