The mining and metals sector is one of the most lucrative industries in the world, and it’s no surprise that some of the world’s biggest mining companies are vying for a spot in the top rankings in 2025. These companies are involved in the exploration, mining, and processing of various metal mineral resources. This sector is a vital part of global industry and the backbone of many countries’ economies. It involves the extraction of materials such as metals, minerals, coal, and petroleum that are used to manufacture everything from machines and computers to building materials and consumer goods such as clothing.
Mining is a global industry with companies operating around the world. However, some of the largest companies are based in China which is second only to the U.S. in economic output. Some of the world’s major contributors to the mining industry are based in the UK, Switzerland, Australia, and Brazil also have major mining companies based there.
These large mining companies are responsible for exploring for new sources of minerals and base metals as well as extracting existing reserves so they can be put to use in industrial products such as machinery. In recent years some have shifted their focus to producing energy commodities like coal while others continue to produce agricultural commodities including grain crops along with metal and mineral ores.
Their collective contribution is helping drive numerous industries by providing them with much-needed resources for production which has important implications for our overall economy.
In this post we look at the biggest mining companies in terms of annual revenue.
Overview of the Mining Sector
The mining sector is a vital component of the global economy, playing a crucial role in meeting the world’s demand for minerals and metals. This industry is characterized by the presence of some of the world’s biggest mining companies, which serve as economic engines, contributing significantly to various sectors and impacting broader economic trends and sustainability initiatives.
These companies operate globally, with a significant presence in countries such as China, Australia, Brazil, and the United States. The mining sector’s influence extends beyond mere extraction; it supports industries ranging from technology and construction to automotive and renewable energy, making it indispensable to modern life.
Market Trends and Outlook
The mining sector is experiencing a significant shift towards renewable energy and away from traditional fossil fuels. This transition is driven by a notable increase in the need for essential minerals such as lithium, copper, and cobalt, which are crucial components in the renewable energy sector, particularly in the manufacturing of lithium-ion batteries.
Lithium is highly valued for its high energy density and extended lifespan within lithium-ion batteries, and demand is expected to surge more than 40 times between 2020 and 2040, primarily driven by electric vehicle (EV) adoption and battery storage requirements.
Cobalt is also prized for its ability to enhance battery durability and capacity, underscoring its critical role in advancing the clean energy transition. The mining industry is navigating through volatile conditions, experiencing both gains and losses in what feels like mere days. Despite this, the industry is expected to maintain its upward trajectory, driven by the growth potential inherent in the mining sector.
As the world continues to prioritize sustainability, the demand for these essential minerals is likely to keep rising, presenting both challenges and opportunities for the industry.
What are the World’s Biggest Mining Companies?
Here is a list of the biggest mining companies in the world:
Understanding a company’s operations is crucial for investors, as it includes aspects like mining pools and reinvestment strategies.
1. Glencore
Revenue (TTM): $256.03 billion
Net Income (TTM): $17.32 billion
Market Cap: $72.8 billion
Exchange: OTC
Glencore specializes in commodity trading and mining and is based in Switzerland. It produces a diverse range of commodities, including metals, minerals, energy, and agricultural products. The company serves various industries such as automotive, steel, power generation, battery manufacturing, and oil globally. Glencore is also a significant producer of metallurgical coal, which is essential for steel production.
In 2023, Glencore was ranked as the number one mining company with an annual revenue of approximately 256.03 billion U.S dollars. This Swiss-based multinational commodities trading corporation has been able to receive impressive returns from its minerals and metals operations, thanks to its strategic investments and diversification efforts. Its not a shock that in 2023 they have bought a 56% stake in Argentina’s MARA project
2. Jiangxi Copper Co. Ltd.
Revenue (TTM): $69.28 billion
Net Income (TTM): $920.02 million
Market Cap: $55.40 billion
Exchange: Shanghai Stock Exchange
Jiangxi Copper is a copper mining company based in China. The company is involved in the extraction and processing of precious and scattered metals, as well as sulfur chemistry. It produces a range of products including copper cathode, gold, silver, sulphuric acid, copper rod, copper tube, and copper foil.
Currently Jiangxi Copper’s market capitalization stands at at 55.40 billion according to Investopedia with Statista placing its annual revenue at $69.28 billion. This is the second highest revenue generated by a mining company after Glencore.
3. BHP Group LTD
Revenue (TTM): $60.59 billion
Net Income (TTM): $18.39 billion
Market Cap: $158.95 billion
Exchange: New York Stock Exchange
Based in Australia, BHP is a global resources company. It mines and explores minerals such as coal, iron ore, gold, titanium, ferroalloys, nickel, and copper. Its main goal is to assist in the world’s decarbonization efforts through its products and services.
BHP Group serves customers all around the globe. BHP was not far behind with their third place ranking, recovering a strong position after their revenues slumped in 2016 and 2017. Their primary focus lies in metals and mining but their vast portfolio includes oil and gas production as well as energy sources. In 2023 the revenue generated by BHP Group has seen growth.
4. Rio Tinto
Revenue (TTM): $55.84 billion
Net Income (TTM): $12.53 billion
Market Cap: $97.65 billion
Exchange: New York Stock Exchange
Rio Tinto is a multinational metals and mining company based in the United Kingdom with operations in over 35 countries. It explores and mines for various minerals such as aluminum, borax, copper, gold, gypsum, iron ore, molybdenum, silver, titanium dioxide feedstock, diamonds, and zircon. The company provides services to customers in different industries globally. Rio Tinto’s operations include smelting processing, which is crucial for transforming raw mineral resources into marketable metal products.
The company has major operations across Europe, Canada, Australia, South America and Asia Pacific regions including iron ore, diamond & borates, coal and copper operations among others around the globe. Copper operations are largely split between North America and South America while Iron ore operations are centered in Australia and coal sits within Australian operations as well as China and Southeast Asia market exposure through copper & diamonds mines and Pellet plants respectively.
5. Vale SA
Revenue (TTM): $42.74 billion
Net Income (TTM): $14.78 billion
Market Cap: $75.29 billion
Exchange: New York Stock Exchange
Vale is a multinational mining company based in Brazil. It produces various minerals and metals such as iron ore, pellets, manganese, iron alloys, gold, nickel, copper, bauxites, alumina, and aluminum. Additionally, Vale owns and manages railroads and maritime terminals. The company operates in multiple countries, including Brazil. Certain stocks listed below are exclusively traded over-the-counter (OTCs) in the U.S., rather than on exchanges. Engaging in OTC stock trading frequently entails higher trading expenses compared to trading stocks on exchanges. As a result, potential returns can be diminished or even offset.
The current market cap for Vale stands at $75.29 billion as of March 2023, while it has posted revenue of $42.74 billion and net income of $16.17 billion for the trailing twelve months (TTM). Despite experiencing a consistent annual growth since 2010, stock performance for 1-year trailing period have been taxed by the sluggishness in commodities prices, leading to a total return of -0.24%.
6. Aluminum Corporation of China Ltd.
Revenue (TTM): $41.53 billion
Net Income (TTM): $631.98 million
Market Cap: $77.57 billion
Exchange: OTC
Aluminum Corporation of China Ltd (ACHHY) is a multinational aluminum producer based in Beijing, China. Founded over 30 years ago, ACHHY is one of the leading companies in the world producing aluminum products catering to vast markets including automotive, aviation, construction and other applications. ACHHY’s total revenue for the trailing twelve months is $42.46 billion with a net income of $631.98 million with a market cap of approximately $77.57 billion as per trading date on OTC.
The company takes pride in its energy efficiency and environmental protection initiatives which set it apart from many other aluminum producers worldwide . With cutting-edge technologies like high strength alloy and ceramic foil solutions gaining traction across various sectors, investors are optimistic about ACHHY’s future prospects going forward.
7. Zijin Mining Group Co. Ltd.
Revenue (TTM): $40.03 billion
Net Income (TTM): $3.33 billion
Market Cap: $43.52 billion
Exchange: OTC
Zijin Mining Group Co. Ltd., (ZIJMF), is a Chinese multinational mining company, based in China and trading on the OTC exchange. The company’s revenue for the trailing twelve months (TTM) stands at 40.96 billion dollars, and their net income over that same period is 28.43 billion dollars, resulting in a market capitalization of 36.33 billion dollars.
The one-year trailing total return of ZJIMF stands at 0.07%, which may leave investors feeling underwhelmed given the size and potential of this giant Chinese mining conglomerate. However, with huge operations throughout China and internationally in countries such as Russia, The Democratic Republic of Congo and Australia, investors may find themselves tempted by Zijin’s expansive portfolio of assets ranging from large scale gold mines to smaller copper installations across Asia.
8. Anglo American PLC
Revenue (TTM): $35.12 billion
Net Income (TTM): $4.51 billion
Market Cap: $45.58 billion
Exchange: OTC
Anglo American is a U.K.-based mining and minerals company that has been in operation for over a century. It has its headquarters in London, and operations throughout Africa, North and South America, Australia, and Asia. With a market cap of $45.58 billion and revenue of $35.12 billion in the trailing twelve months (TTM), it is one of the world’s largest mining companies.
Anglo American specializes in the extraction of platinum group metals, which are essential for various industrial applications.
9. Tata Steel
Revenue (TTM): $31 billion
Net Income (TTM): $6.34 billion
Market Cap: $45.58 billion
Exchange: New York Stock Exchange
Tata Steel operates four iron ore mines in Jharkhand and Odisha, allowing for 100% captive iron ore usage. They also have coal mines in West Bokaro and Jharia, which provide approximately 21% of their coal requirement for their operations in India. Furthermore, Tata Steel India owns three captive manganese mines in Odisha. Being a producer of iron ore makes Tata steel dominate the steel making industry.
Tata Steel is also involved in the extraction of precious metals like gold and silver, which are crucial for various consumer and industrial products.
10. Hindalco Industries Ltd.
Revenue (TTM): $28 billion
Net Income (TTM): $1.3 billion
Market Cap: $6.58 billion
Exchange: OTC
Hindalco Industries Ltd. (HNDNF) is an Indian based holding company located in Mumbai and is a part of the Aditya Birla Group. The company sees yearly total revenues around $27.83 billion as of the last twelve months (TTM). Net income for HNDNF is approximately 1.27 billion in that same period. The market cap of Hindalco Industries sits currently at 6.58 billion. Hindalco Industries primarily engages itself in mining, producing, and trading aluminum and copper products throughout India and other parts of southeast Asia.
In Summary, The Biggest Mining Companies
These commodities are also exported to other international markets and even sold on some exchanges like London Metal Exchange (LME) as well as Shanghai Futures Exchange (SHFE). In its latest developments, Hindalco announced it had acquired Aleris, an international aluminum producer which doubles their reach across Americas region while allowing even further potential in the areas related to automotive applications for their materials specifically built for different industries such as aerospace, industrial packaging, construction & infrastructure development just to name some or all pieces available at this moment from Hildalco Industries.
Mining is a massive industry that has expanded and grown in scale over the years. Companies are now engaged in mining activities only in a handful of countries, allowing large corporations to monopolize this sector and reap huge profits from minerals and metals mined.
For businesses related to the mining industry, such as selling products or services, a reliable email list can be used to bring in more conversions. This email list can effectively promote enterprises by establishing relationships with their desired customers since it provides access to up-to-date contact information of professionals with decision-making authority.
The data supplied by these lists can also be used for market research purposes or creating targeted campaigns which focus on prospects outside your immediate contacts. Additionally, companies have the option of selecting specific details including geographical locations and job designations to refine their search even further. Therefore, having access to one such comprehensive mining industry email list is beneficial for businesses looking to expand their consumer base among their niche target audience.
Investing in the Mining Sector
Investing in the mining sector can be a lucrative opportunity, with many companies offering attractive returns on investment. However, it is essential to conduct thorough research and due diligence before investing in any mining company. Investors should consider factors such as the company’s operations, market cap, and financial performance, as well as the overall market trends and outlook.
Some of the world’s biggest mining companies, such as Zijin Mining Group, China Molybdenum Company, and Aluminum Corporation, offer attractive investment opportunities. These companies have a significant presence in the global mining industry and are well-positioned to capitalize on the growing demand for essential minerals.
Zijin Mining Group, for instance, is a global leader in gold and copper production, while China Molybdenum Company is a major player in the production of molybdenum and tungsten. Aluminum Corporation, on the other hand, is a leading producer of aluminum products, catering to various industries including automotive and construction. By carefully evaluating these companies and staying informed about market trends, investors can make informed decisions and potentially reap substantial rewards in the mining sector.
Frequently Asked Questions (FAQ) about Mining Companies
Who is the biggest mining company?
Glencore holds the title as the biggest mining company in the world based on revenue. With a diverse portfolio that includes metals, minerals, energy, and agricultural products, Glencore plays a significant role in the global mining sector.
What are the top 5 mining companies in the US?
The top 5 mining companies in the US include Freeport-McMoRan, Newmont Corporation, Southern Copper Corporation, Peabody Energy, and Hecla Mining Company. These companies are key players in the industry, involved in the extraction and processing of various resources.
What is the best mining company to invest in?
Determining the best mining company to invest in depends on various factors, including market trends, company performance, and individual investor goals. Companies like Zijin Mining Group, China Molybdenum Company, and Aluminum Corporation offer attractive investment opportunities due to their strong market presence and growth potential.
What is the #1 mineral mined in the US?
The #1 mineral mined in the US is coal, which plays a crucial role in power generation and steel production. The US is one of the world’s largest producers of coal, with significant operations in states such as Wyoming, West Virginia, and Pennsylvania.
What are the world’s biggest mining companies?
The world’s biggest mining companies include Glencore, Jiangxi Copper Co. Ltd., BHP Group Ltd, Rio Tinto, and Vale SA. These companies are global leaders in the mining sector, with extensive operations across multiple countries and a wide range of mineral resources.
How do mining companies impact the global economy?
Mining companies significantly impact the global economy by providing essential raw materials for various industries, including technology, construction, automotive, and renewable energy. Their operations contribute to economic growth, job creation, and technological advancements, making them vital to modern society.
What are the environmental impacts of mining?
Mining can have several environmental impacts, including habitat destruction, soil erosion, water pollution, and greenhouse gas emissions. However, many mining companies are adopting sustainable practices and investing in technologies to minimize their environmental footprint and promote environmental conservation.
How is technology influencing the mining industry?
Technology is revolutionizing the mining industry by improving operational efficiency, safety, and sustainability. Innovations such as automation, artificial intelligence, and data analytics are enhancing exploration, extraction, and processing techniques, leading to increased productivity and reduced environmental impact.
