Today Mining.com and their sister site IntellegenceMine released their list of the world’s 50 largest mining companies based on market value.
The rankings show continued industry recovery with the majority of mining companies showing a strong year on year growth. In total, the companies added $258 billion in market capitalization in the past 12 months and, as of the first quarter of 2017 have a combined worth of $842 billion.
Australian companies had a good showing in the rankings as the top two largest companies (BHP Billiton and Rio Tinto) are both headquartered in Melbourne. The Australian companies that made the list are outlined below.
|Global Rank||Company||Headquarters||Operations||1Y Change %||Market Cap USD Billions|
|1||BHP Billiton||Melbourne, Australia||Diversified||57.1%||90.67|
|2||Rio Tinto||Melbourne, Australia||Diversified||62.1%||74.04|
|15||Fortescue Metals Group||Perth, Australia||Iron Ore||142.2%||14.68|
|18||Newcrest Mining||Melbourne, Australia||Precious Metals||34.1%||13.21|
Australian miners 1y change % should be especially encouraging for the Australian mining industry as not only did Australian miners show strong growth but they outperformed their overseas competition.
Iron Ore Miner Fortescue made the biggest leaps of any Australian miner with their massive 142.2% growth translating into a 20 place jump up the rankings.
See the full, global list at mining.com