2023 global list of leading mining companies based on revenue

Mining company Glencore was ranked as the number one mining company in the world as of 2023, with an annual revenue in 2022 of approximately 256.03 billion U.S. dollars. In third place was BHP. BHP’s revenue has recovered in the past two years from a slump in revenues in 2016 and 2017. Their primary focus is on metals and mining.

Top mining companies worldwide based on revenue

The mining industry exists on a global scale. London is headquarters to some of the world's most prominent mining companies, including Glencore, BHP, and Rio Tinto Group. Coal and nonmetal minerals dominate the U.S. mining industry, while China controls most of the world’s rare earth minerals. Oil and gas extraction remains one of the most economically important sectors within mining operations, although oil and gas is often viewed as a separate industry. As of May 2023, BHP, Rio Tinto, and Glencore were the world's three leading mining companies based on market capitalization. Rio Tinto deals primarily with aluminum, iron ore, copper, uranium, coal, and diamonds.

What makes the mining industry tick?

Volatile prices of commodity minerals impact the profitability and propensity of the mining industry. Smaller companies and individuals are typically involved in the exploration aspects of the industry, while large companies, such as the top mining companies in the world, tend to focus on mining production and operations to generate profit.