Rio Tinto is a multinational metals and mining company based in the United Kingdom. It researches and extracts aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium dioxide raw materials, diamonds, talc and zirconium. The company serves customers from various industries around the world. Newmont Mining (NYSE: NEM) is the world`s largest gold mining company. It was founded in 1921 and has gold mines in Nevada, Colorado, Quebec, Mexico, Australia, Ghana, Peru and Argentina. In addition to gold, Newmont extracts silver, copper, zinc and lead. The company is also committed to the fight against climate change. Recently, Newmont Mining (NYSE: NEM) invested $500 million to fight climate change and aims to reduce greenhouse gas emissions to 30% by 2030. Newmont Mining (NYSE: NEM) is headquartered in Denver and Colorado, USA, BHP reported a 3% year-over-year increase in revenue in 2019 due to higher realized prices for iron ore, oil and metallurgical coal. Higher sales from iron ore mining in Western Australia also contributed to higher sales, but also partially offset lower average copper and thermal coal prices. As Glencore had no exposure to iron ore other than trading, Glencore bucked the trend in Q3 and the Swiss commodities giant has risen by almost half since the beginning of the year. Glencore has not given up coal mining, as its competitors and its coal, gas and oil trading arm benefits from exorbitant energy prices. Polyus is one of the largest gold producers in Russia and is headquartered in Moscow.
Worldwide, it is one of the world`s leading mining companies, especially gold, with a total sales volume of 829 Koz. In 2020, the Company produced more than 2,766 koz of gold. Polyus also has the largest gold reserves in the world with proven gold reserves of 104 million ounces. As with any ranking, admission criteria are contentious issues. We decided to exclude unlisted companies and state-owned enterprises from the outset because of a lack of information. This excludes, of course, giants like Codelco in Chile, Navoi Mining in Uzbekistan, which owns the world`s largest gold mine, Eurochem, a large potash company, trafigura, a Singapore-based trader, and a number of companies in China and developing countries around the world. The Covid-19 pandemic did not have a major impact on Vale`s operations, although lower volumes and lower realized average prices led to a 17% drop in sales in the first half of 2020 compared to the corresponding period in 2019. Vale has taken some steps to mitigate the impact of the pandemic, including reducing production at the voisey`s Bay mine and postponing maintenance schedules at Mozambique`s coal processing plant. The company has revised its capital expenditures in 2020 from $5 billion to $4.6 billion and is expected to further revise the figure based on market developments.
Southern Copper Corporation (NYSE: SCCO) is next on our list of the world`s largest mining companies. The company was founded in 1952 and is headquartered in Mexico City, Mexico. It is one of the largest integrated copper producers in the world and the largest producer and refiner of molybdenum, zinc, lead, gold and silver. Refining, smelting and mining facilities are located in Peru and Mexico. SCC`s revenue in 2020 showed significant growth of 9.6% compared to 2019. Like BHP Group (NYSE: BHP) and Rio Tinto Group (NYSE: RIO), SCCO is one of the world`s leading mining companies. BHP Billiton Group maintained its supremacy throughout the year, again finishing the year in first place. The gap between BHP`s stock market valuation and Rio Tinto`s second-tier stock market has widened. At the end of the year, BHP was the only company with a triple-digit market valuation: $117.0 billion. The market capitalization of the top 25 mining companies increased by $195.86 billion in 2017 to $753.59 billion at the end of the fiscal year. Glencore Plc and Vale SA retained their third and fourth positions, respectively, with market valuations of $74.5 billion and $62.9 billion at the end of the fiscal year, respectively.
Coal India Ltd., which had finished fifth in 2016, slipped four positions and finished 2017 in ninth place with a market capitalization of $25.5 billion. Coal India`s share price had been turbulent in 2017 and profit attributable to shareholders fell to Rs 3.69 billion in the second quarter of fiscal 2018, from a profit of Rs 6.13 billion last year. Headquartered in Melbourne, Australia, BHP is a global resource company specializing in the exploration and production of oil and gas, copper, iron ore and coal. Headquartered in Tampa, Florida, Mosaic Company is one of the world`s leading mining companies. The company extracts phosphate and potash and is the largest producer of these two nutrients in the United States. It has potash mines or surface plants in various locations, including Colonsay, Carlsbad, Belle Plain, etc., and has a potash mining capacity of approximately 10.4 million tonnes. Mosaic Company (NYSE: MOS) was formed in 2004 by the merger of two companies. The Anglo-Swiss multinational mining operator raised $215 billion at the end of the 2019-2020 fiscal year, making it the 17th largest company in total on the Fortune Global 500 2020 list. In this article, we look at the world`s leading mining companies. You can skip our in-depth analysis of the mining industry`s outlook for 2021 and some of the key catalysts for mining stock growth and jump straight to the top 5 mining companies in the world. Anglo American recorded an 8.3% year-on-year increase in revenue in 2019.
The start of production at the Minas-Rio iron ore plant in Brazil contributed significantly to the company`s financial performance. The final product of the Minas-Rio mine contains a Fe content of 67%, which is higher than the industry average. The largest increase over market capitalization in 2016 was recorded for China Molybdenum Co. Ltd. The Hong Kong-listed molybdenum producer saw a nearly 169 percent increase in its market valuation to $21.2 billion in 2017. As a result, the company experienced the biggest increase in its ranking, from 36th place at the end of 2016 to 10th place. China Molybdenum Co. said in late October that net profit attributable to the parent company`s owners increased nearly eleven-fold in the third quarter to 769.4 million Chinese yuan. For example, should smelters or commodity traders that hold minority interests in mining facilities be included, especially if those investments have no operational component or warrant a seat on the board of directors? The Covid-19 pandemic impacted the company`s steel deliveries in the second quarter of 2020, although the performance of the steel segment improved by 7.6% sequentially. .