At 102.94 billion British pounds, Glencore was by far the largest mining company based in the UK in terms of revenue in 2021. This was approximately three times more than BHP, the company with the second largest revenue among UK mining companies. The British-Swiss multinational company Glencore operates in more than 50 countries worldwide and generated nearly one-third of its revenue in Europe in 2020.
Global mining company comparisons
Glencore was not only the largest mining company in the United Kingdom in 2021. In the same year, this company had a higher revenue than any other leading mining company worldwide, including BHP, Rio Tinto, and China Shenhua Energy. However, in terms mining companies' market capitalization, the Anglo-Australian company BHP (formerly BHP Billiton) was ranked highest, with a market capitalization of 180.5 billion U.S. dollars as of May 2021.
UK mining industry turnover in decline
Although companies such as Glencore recorded huge revenues globally, the UK mining and quarrying industry saw its turnover decrease significantly between 2008 and 2018. In 2008, the turnover of this sector amounted to 80 billion euros, but over the following decade it dropped by nearly half.
Revenue of the leading mining companies headquartered in the United Kingdom (UK) in 2021 (in billion GBP)*
*Ranking compiled as of July 1, 2021 based on latest available revenue figures. The values are based on the 2021 Financial Times Equity list of the leading global companies. Not all mining companies have been included for consideration by the source's ranking.
Only companies that had headquarters located in the United Kingdom were included.
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Financial Times. (July 1, 2021). Revenue of the leading mining companies headquartered in the United Kingdom (UK) in 2021 (in billion GBP)* [Graph]. In Statista. Retrieved May 27, 2022, from https://www.statista.com/statistics/447478/top-mining-companies-in-the-uk-by-turnover/
Financial Times. "Revenue of the leading mining companies headquartered in the United Kingdom (UK) in 2021 (in billion GBP)*." Chart. July 1, 2021. Statista. Accessed May 27, 2022. https://www.statista.com/statistics/447478/top-mining-companies-in-the-uk-by-turnover/
Financial Times. (2021). Revenue of the leading mining companies headquartered in the United Kingdom (UK) in 2021 (in billion GBP)*. Statista. Statista Inc.. Accessed: May 27, 2022. https://www.statista.com/statistics/447478/top-mining-companies-in-the-uk-by-turnover/
Financial Times. "Revenue of The Leading Mining Companies Headquartered in The United Kingdom (Uk) in 2021 (in Billion Gbp)*." Statista, Statista Inc., 1 Jul 2021, https://www.statista.com/statistics/447478/top-mining-companies-in-the-uk-by-turnover/
Financial Times, Revenue of the leading mining companies headquartered in the United Kingdom (UK) in 2021 (in billion GBP)* Statista, https://www.statista.com/statistics/447478/top-mining-companies-in-the-uk-by-turnover/ (last visited May 27, 2022)