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Mining Report 2018 by PwC

A remarkable year for the world’s Top 40 miners

  • Market cap $926 billion up 30%
  • Revenue $600 billion up 23%
  • Gearing 31% down from 41%
  • Net debt to EBITDA improved by 38%

Source: PwC analysis

For the world’s Top 40 miners, 2017 was a remarkable year. Thanks in large measure to the continuing recovery in commodity prices, fueled by general economic growth, revenues rose dramatically by 23 per cent. At the same time, the cost saving strategies of the past few years delivered, with margins and cash generating ability improved as well, leading to a sharp increase in profits.

Capital expenditures remained flat. With liquidity concerns that were still lingering in 2016 mostly resolved and balance sheets strengthened, companies have the flexibility to act. Across the board, a heightened focus on safety in operations, reducing leverage, and avoiding aggressive investments in new capacity indicates that management is proceeding in a measured and deliberate way.

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Top 40 Mining Companies of 2017

The global Top 40 mining companies by market cap.

Rank Name Country Commodity
1 BHP Billiton Limited Australia/UK Diversified
2 Rio Tinto Limited Australia/UK Diversified
3 Glencore plc Switzerland Diversified
4 China Shenhua Energy Company Limited China/Hong Kong Coal
5 Vale S.A. Brazil Diversified
6 MMC Norilsk Nickel Russia Nickel
7 Anglo American plc UK/South Africa Diversified
8 Freeport-McMoRan Copper & Gold Inc. United States Copper
9 Grupo México S.A.B. de C.V. Mexico Diversified
10 Coal India Limited India Coal
11 China Molybdenum Co. Limited China/Hong Kong Diversified
12 Newmont Mining Corporation United States Gold
13 Potash Corporation of Saskatchewan Canada Potash
14 Barrick Gold Corporation Canada Gold
15 Saudi Arabian Mining Company (Ma’aden) Saudi Arabia Diversified
16 Teck Resources Limited Canada Diversified
17 Zijin Mining Group Co. Ltd China/Hong Kong Diversified
18 Fresnillo plc Mexico Diversified
19 South32 Limited Australia Diversified
20 Newcrest Mining Limited Australia Gold
21 Antofagasta plc UK Copper
22 Sumitomo Metal Mining Company Japan Diversified
23 Shaanxi Coal Industry China/Hong Kong Coal
24 Fortescue Metals Group Limited Australia Iron Ore
25 Goldcorp Inc. Canada Gold
26 Agnico-Eagle Mines Ltd Canada Gold
27 Polyus Gold International Limited UK Gold
28 The Mosaic Company United States Potash
29 China Coal Energy Company Limited China/Hong Kong Coal
30 First Quantum Minerals Limited Canada Copper
31 ALROSA Russia Diamond
32 Randgold Resources Limited Channel Islands Gold
33 Tianqi Lithium Industries, Inc. China Lithium
34 Shandong Gold Mining Company Limited China/Hong Kong Gold
35 Yanzhou Coal Mining Company Limited China/Hong Kong Coal
36 Jiangxi Copper Company Limited China/Hong Kong Copper
37 China Northern Rare Earth (Group) High-Tech Co. Limited China Rare Earth
38 NMDC Limited India Iron Ore
39 KGHM Polska Miedz Spólka Akcyjna Poland Copper
40 KAZ Minerals plc UK Copper

Source: https://www.pwc.com/ca/en/mining/publications/465864-top-40.pdf

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