Based on data from the company ranking website, *Companies Market Cap*, BHP Group is currently ranked as the world's largest mining company. The market capitalization of this Australian giant reaches US$149.19 billion.
Rio Tinto ranks second as the world's largest mining company. This British company has a market capitalization of US$98.98 billion.
Next, China Shenhua has a market capitalization of US$72.75 billion. Then, Glencore follows with a market capitalization of US$70.13 billion.
Freeport-McMoRan is also in the ranking, at sixth place, with a market capitalization of US$59.36 billion. This company holds a 48.76% stake in Freeport Indonesia.
Vale is also among the top 10 largest mining companies in the world, with a market capitalization of US$57.78 billion. In Indonesia, Vale Indonesia is controlled by Vale Canada Limited, which holds a 43.79% stake.
Unfortunately, Bayan Resource has not yet been able to break into the top 10 largest mining companies in the world. This Indonesian mining company ranks 11th with a market capitalization of US$38.33 billion.
*Companies Market Cap* ranks these companies from a total of 206 global mining companies listed on the stock exchange. The total market capitalization of these hundreds of companies is estimated to reach US$1.48 trillion as of August 14, 2023.
Here are the top 10 mining companies in the world by market capitalization:
1. BHP Group (Australia): US$149.19 billion
2. Rio Tinto (United Kingdom): US$98.98 billion
3. China Shenhua (China): US$72.75 billion
4. Glencore (Switzerland): US$70.13 billion
5. Southern Copper (United States): US$63.51 billion
6. Freeport-McMoRan (United States): US$59.36 billion
7. Vale (Brazil): US$57.78 billion
8. Zijin Mining (China): US$44.4 billion
9. Fortescue (Australia): US$41.71 billion
10. Maaden (Saudi Arabia): US$40.76 billion