Mining is the extraction of valuable minerals or other geological materials of value from the earth mostly from a seam, reef, lode, placer deposits, vein, or orebody. Throughout the world, there are numerous mining companies that oversee the extraction of minerals. Below are the top five largest mining companies by revenue in the world in US billion dollars in 2015 as ranked by Stasista.
1. Glencore Xstrata
Glencore Xstrata is a public limited company founded in 1974 by Marc Rich whose headquarters are based in Baar, Switzerland and also has registered office based in Saint Helier, New Jersey. Glencore Xstrata is also a mining company whose headquarters are based in the United Kingdom. On May 2nd, 2013, the current company was established through a merger between Glencore and Xstrata. Glencore Xstrata is the third largest family owned business in the world and was ranked number 10 on the list of Fortune Global 500 in 2015. Glencore Xstrata is the leading mining company in the world with estimated revenue earned of $209 billion
2. BHP Billiton
BHP Billiton is not only a mining company but also deal in metal and petroleum, whose headquarters are based in Melbourne, Australia. BHP Billiton was founded in 2001 through a merger of two companies, the Anglo-Dutch Billiton plc and the Australian Broken Hill Proprietary Company Limited (BHP) which is traced back to September 29th 1860. BHP is not only the second leading mining company in the world by revenue with an estimated $69.4 billion but also the fourth largest company by revenue in Australia but was formerly the largest.
3. Rio Tinto
Rio Tinto a British-Australian multinational company is among the world's largest metal and mining corporations. The company was founded in 1873 when a global conglomerate of investors bought a mine complex situated at Rio Tonto in Huelva, Spain. Following the purchase, Rio Tinto has had a long streak of acquisitions and mergers placing itself on the list of the world's top leaders in a number of products such as coal, diamonds, ore, aluminum, copper, and iron. Despite Rio Tinto's sole focus on the extraction of minerals, the company also has significant accomplishments in the refining business. The company whose headquarters are situated in the United Kingdom and Australia has operation throughout the world. The company is the third largest mining company in the world with estimated revenue of $45.1 billion.
4. China Shenhua Energy
China Shenhua is also known as Shenhua, Energy Shenhua, or China Shenhua Energy Company Limited is the biggest coal mining company in Mainland China that is owned by the state. The company is the leading coal mining enterprise in the world. Shenhua Energy is involved in the manufacturing and sale of coal together with the sale of electric power in the Peoples Republic of China. Shenhua Energy also operates coal mines, railway networks, and a seaport which is used for the transportation of the product. China Shenhua Energy whose headquarters are based in China is the world's fourth-largest mining company in the world by revenue with an estimated $40.0 billion.
Vale is a multinational corporation in Brazil involved in mining and the extraction of metals. The company is the largest producer of nickel and iron ore in the world. Vale also produces copper, potash, cobalt, ferroalloys, bauxite, manganese, and kaolin. At present, the company also operates nine hydroelectric plants and a large network of ports, railroads, and ships used in the transportation of the products manufactured by the company. Vale whose headquarters are located in Rio de Janeiro, Brazil is the world's fifth-largest mining company with an estimated revenue of $33.2 billion.