Canada’s Barrick Gold is the eighth largest miner in the world. Seen here, the Williams gold mine near Hemlo, Ont.
VANCOUVER – Thanks to the diligent work of MINING.com and IntelligenceMine, we now have a list of the world’s largest mining companies by capitalization (reported in U.S. dollars).
“At the end of the first quarter this year the top 50 companies had a combined worth of $842 billion. In total these companies’ added $258 billion in market capitalization over the past 12 months and a good fifth of those gains occurred in 2017,” they reported.
The growth is indicative of an industry in recovery.
No surprise the top companies are those whose names are frequently mentioned as the biggest: No.1 BHP Billiton ($90.67 billion), No.2 Rio Tinto ($74.04 billion), No.3 Glencore ($55.98 billion), No.4 China Shenhua Energy ($54.96 billion), and No.5 Vale ($48.31 billion).
The first Canadian company on the list is No.8 Barrick Gold ($22.67 billion), nestled between No.7 Norilsk Nickel and No.9 Anglo American.
Potash Corporation of Saskatchewan rings in at No.15 with $14.19 billion. Teck Resources is No. 18 ($12.95 billion), and Goldcorp is No.20 ($12.58 billion). The next Canadian is No.22 Franco Nevada ($11.69 billion), then No.30 Agnico Eagle Mines ($9.86 billion), No.33 Silver Wheaton ($9.58 billion), No.40 First Quantum Minerals ($7.21 billion), and No.45 Turquoise Hill Resources ($6.20 billion).
That’s nine Canadian miners on a list of 50 from around the world. Congratulations!
The entire list is posted at www.Mining.com/top-50-biggest-mining-companies/?utm_source=digest-en-mining-170403&utm_medium=email&utm_campaign=digest. Note that a paid subscription may be necessary to access the information.