Greater Asia Home to Half of the World’s Biggest Mining Companies
According to an industry review published by PwC, Greater Asia, which includes Australia and the Middle East, is home to almost half of the world’s 40 largest mining companies by market capitalisation, with eight being based in China / Hong Kong and five from Australia. The top 40 saw total revenue of US$683 billion in 2020, an 8% increase from 2019, with BHP and Rio Tinto (the two largest mining companies) accounting for around US$80 billion of the combined revenue.
As for coal mining, Chinese companies dominate the top ten, with China Shenhua Energy taking the top spot as the largest coal-mining company in the world. PwC project that demand for coal will remain high in the near to medium term, particularly in China, India and Southeast Asia.
Source: The ASIA Miner – Greater Asia home to half of the world’s biggest mining companies
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