There is an ever-increasing demand for materials around the world as it provides jobs and resources to human beings. The valuable materials and minerals include precious metals like gold, platinum, silver, industrial metals like copper, iron ore, etc., energy materials like coal, uranium, and bitumen, construction materials like sand, limestone, etc., and fertilizers, for instance, potash, boron, and phosphate.
The mining sector plays an essential role in the world economy as several industries are dependent on underground commodities to maintain operations. It is a global industry that has grown from strength to strength. No doubt the pandemic Covid-19 in 2020 has tried to slow down things, but experts in this sector are confident that they will bounce back quickly.
The list of top 15 global mining companies in 2021 based on their net income is as follows-
1. BHP Billiton, Australia/UK
With a net income of 9.51 billion US dollars, BHP Billiton at 1st position has entered the list of top 15 global mining companies in 2021. The company had a market cap of 92.13 billion US dollars in 2020 and posted its revenues at 43.6 billion US dollars for 2019.
The Anglo-Australian company BHP Billiton is associated with the metals and mining industry and deals with coal, iron ore, copper, uranium, natural gas, and petroleum. Its mines are located in places like Chile, Columbia, Mexico, Peru, Canada, the United States, and Australia.
BHP operates fully-integrated mining assets and the latest cutting-edge technology on large resource-rich mines to cut down mining costs and boost production efficiency.
2. Rio Tinto, Australia/UK
Rio Tinto, Australia/UK is placed at 2nd position in the list of top 15 global mining companies. It has posted its net income at 8.06 billion US dollars. The company had a market cap of 79.42 billion US dollars in 2020 and published its revenues at 40.7 billion US dollars for 2019.
Founded in 1873, the Anglo-Australian company Rio Tinto is associated with the mining industry and deals with iron ore, aluminum, uranium, titanium, boron, gold, diamond, and copper. With headquarters in Melbourne and London, the multinational company has operations in six continents with major activities in Australia and Canada.
Rio Tinto operates fully- integrated large-scale mining assets with the help of new technologies and autonomous vehicles and powers them with renewable energy to increase production and cut down costs.
3. China Shenhua Energy, China
With a net income of 5.73 billion US dollars, China Shenhua Energy, China is at 3rd position in the list of top mining companies list. It had a market cap of 41.73 billion US dollars in 2020 and posted its revenues at 37.6 billion US dollars for 2019.
China Shenhua Energy is a state-owned Chinese mining company that operates coal mines, refines, sells coal, and generates electric power. It maintains open-cut and underground mines and also operates a seaport and railway network to transport coal within China.
4. Barrick Gold Corp, Canada
Barrick Gold Corp, Canada, with a net income of 4.26 billion US dollars and a market cap of 47.66 billion US dollars is at 4thposition in the top mining companies of 2021. Its revenues for the year 2019 was 9.717 million US dollars.
Barrick Gold Corporation is associated with the metals and mining industry and produces silver, copper, and gold. It has sixteen operating sites in thirteen countries like Zambia, Tanzania, Mali, the United States, Chile, Argentina, etc. By the end of 2019, the company had probable and proven gold reserves of 71 million ounces and was expected to produce at least 4.6 to 5 million ounces in the upcoming year.
5. Newmont Corporation, U.S
With a net income of 3.6 billion US dollars and a market cap of 50.58 billion US dollars, Newmont Corporation, US at 5th position, has entered the list of top 15 global mining companies in 2020. Its revenues and employee count for the year 2019 were 9.740 million US dollars and 16,600, respectively.
The American-based Newmont Corporation has the distinction of being the largest gold mining company with gold mines in Argentina, Mexico, Colorado, Nevada, etc. It deals with products like gold, zinc, silver, and lead.
6. Anglo American, UK
With a net income of 3.55 billion US dollars, Anglo American, UK is ranked at 6th position in the top 15 global mining companies list. It had a market cap of 23.36 billion US dollars in 2020 and posted its revenues at 29.87 billion US dollars for 2019.
The British company Anglo American has the distinction of being the largest platinum producer in the world. It also deals with thermal and metallurgical coal, iron ore, nickel, copper, and diamonds. The company has mining operations in South America, North America, Asia, Europe, Australia, and Africa.
7. Coal India, India
With a net income of 2.21 billion US dollars in 2020 and revenues at 14.5 billion US dollars in 2019, Coal India from India is ranked at 7th position.
The Indian origin Coal India Limited has the distinction of being the largest producer of coal globally. It deals with the mining and refining coal and operates from its headquarters based in Kolkata, India. With a 70.96% share, it is owned by India’s Government and produces an estimated 82% of the total coal in the country.
8. Shaanxi Coal Industry Co, China
With a net income of 1.59 billion US dollars in 2020 and revenues at 8.6 billion US dollars in 2019, Shaanxi Coal Industry Co, China is ranked at 8th position in the list of top mining companies of 2021.
The state-owned Shaanxi Coal Industry Co was founded in 2004 and has its headquarters based in Xi’an, China. It is associated with the mining industry and deals primarily with coal.
9. Yanzhou Coal Mining Co, China
With a net income of 1.33 billion US dollars in 2020 and revenues at 9.8 billion US dollars in 2019, Yanzhou Coal Mining Co, China is ranked in 9thposition in the list of top mining companies.
Founded in the year 1997, the Chinese origin Yanzhou Coal Mining Co is associated with the metals and mining industry and deals primarily in underground mining coal. Low-sulfur coal is mostly in demand in power plants. The company has operations in six mines in Dongtan, Nantun, Baodian, Xinglongzhuang, and Jining.
10. China Coal Energy, China
With a net income of 88 million US dollars in 2020 and revenues at 15.7 billion US dollars in 2019, China Coal Energy, China is the 10th highest ranked mining company in the world.
The public company China Coal Energy has its headquarters based in Beijing in China. It is associated with the mining industry and deals primarily with coal. The company has the distinction of being the owner of 12 coal mines, 5 coking plants, 13 coal-processing plants, 2 mine-design plants, and 4 equipment-manufacturing plants for coal mining.
11. Polyus, Russia
With a net income of 84 million US dollars and a market cap of 21.81 billion US dollars, Polyus, Russia is ranked at the 11thposition in top mining companies in 2021. It posted its revenues of 4.01 billion US dollars for the year 2019.
The Russian company PJSC Polyus has the distinction of being the largest producer of gold in Russia. It has probable and proven gold reserves of 64.4 million ounces. Its assets are mainly located in the Russian Far East and Eastern Siberia.
12. Kinross Gold, Canada
With a net income of 78 million US dollars, Kinross Gold, Canada is at 12thposition amongst top 15 global mining companies.
The Canadian-based public company Kinross Gold is associated with the metal and mining industry and deals in silver and gold. It has operations in eight mines located in places like the United States, Russia, Mauritania, Ghana, and Brazil.
13. Mineral Resources, Australia
With a net income of 71 million US dollars, Mineral Resources, Australia at 13thposition, has entered the list of top 15 global mining companies in 2020.
The Australian-based Mineral Resources Ltd is associated with the metals and mining industry and deals in open-pit mining, transport, processing, crushing, and accommodation.
14. Kirkland Lake Gold, Canada
With a net income of 65 million US dollars, Kirkland Lake Gold, Canada is at 14thposition in the top mining companies list.
The Canadian-origin Kirkland Lake Gold Inc is a public company with headquarters based in Toronto, Canada. It is associated with the mining industry and is the owner and operator of gold mines in Australia and Canada.
15. Zijin Mining Group, China
With a net income of 62 million US dollars in 2020 and revenues at 16.3 billion US dollars in 2019, Zijin Mining Group, China is ranked 15th amongst the top 15 global mining companies in 2021.
The multinational company Zijin Mining Group with headquarters in Mainland China has put its onus on low-cost methods and sustainable practices. It is associated with the mining industry and deals in zinc, copper, and gold.
The resilience power and effective strategies adopted by the mining companies have helped them mitigate the effects of the existing pandemic in the year 2020.
They have emerged stronger, and a sense of overcoming difficulties that have helped manage the crisis and emerge winners at the end of the day.
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