Latin America: main mining companies 2018, by net sales

In 2018, Brazilian Vale S.A. was the leading mining company in Latin America based on net sales, having generated a value of 34.6 billion U.S. dollars. It was the only Brazilian mining company to make the ranking. Founded as Companhia Vale do Rio Doce, the company is one of the largest iron ore producers in the world, with an output of over 300 million metric tons in 2019.

The power of copper in Latin America

Out of the remaining nine leading mining companies in Latin America, eight operate primarily in the production of copper (the only exception is Mexican Industria Peñoles, a leader in gold and silver production).
Chile, the world’s largest copper producer, occupied half of the positions on the ranking that year. The second largest mining company in the region – Corporación Nacional del Chile, commonly known as Codelco - is a state-owned enterprise headquartered in Santiago, which accounted for 29 percent of the domestic copper output in 2019. Meanwhile, Minera Escondida (controlled by Australian company BHP Billiton) operates the largest copper mine in the world, despite ranking fifth in Latin America in terms of revenue. Completing the podium in 2018 was Grupo México, which has reported annually increasing sales revenues in the past years, with copper sales representing more than 60 percent of the company’s total. Grupo Mexico was followed by America’s Mining Corporation, one of its subsidiaries.

Leading mining companies in Latin America in 2018, by net revenue

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Release date

July 2019


Central and South America, Mexico

Survey time period


Supplementary notes

Figures have been rounded.

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Statistics on "Mining"

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