Revenue of the leading mining companies in the United Kingdom (UK) 2022

At 46.9 billion British pounds, Rio Tinto was by far the largest mining company based in the UK in terms of revenue in 2022. This was approximately one and a half times more than Anglo American, the company with the second largest revenue among UK mining companies.

Global mining company comparisons

Rio Tinto was not only the largest mining company in the United Kingdom in 2022. In the same year, this company ranked as the world's fourth largest mining company worldwide based on revenue. Anglo American came seventh in the same ranking. However, in terms of mining companies' market capitalization, Rio Tinto ranked second as of October 2022, with a market cap of nearly 90 billion U.S. dollars.

UK mining industry turnover in decline

Although companies such as Rio Tinto and Anglo American recorded huge revenues globally, the UK mining and quarrying industry saw its turnover decrease significantly since 2008. In 2008, the turnover of this sector amounted to 80 billion euros, but over the following decade it dropped by nearly half.