Profits of top mining companies
The average net profit margin of the world’s top 40 mining companies stood at some seven percent in 2014, but decreased to negative seven percent in 2015, and then rebounded to four percent in 2016. These figures are a distinct decrease when compared to the years before. For example, in the years 2010 and 2011, the profit margin stood at around 25 percent among the global top 40 mining firms.
In 2016, the top 40 mining companies generated a net profit of approximately 15 billion U.S. dollars. As of that year, the company with the highest net income was Brazilian mining giant Vale, with 5.9 billion U.S. dollars. China Shenhua Energy, in third place that year, generated a net income of around 4.5 billion U.S. dollars.
The global top 40 mining companies, which represent the vast majority of the industry, generate around half a trillion U.S. dollars of revenue. In terms of quantity, these companies produce most of all coal (including thermal and metallurgical coal), iron ore, and bauxite.