5 Largest Mining Companies by Market cap

4. Glencore plc (LSE:GLEN.L)

Market cap: $61.139B

Glencore plc (LSE:GLEN.L) stands as a significant British-Swiss multinational entity engaged in both commodity trading and mining activities across more than 35 countries. Renowned as a major producer and marketer of over 90 commodities, Glencore (LSE:GLEN.L) operates mining ventures involving copper, zinc, nickel, coal, and oil. Its mining and metallurgical operations are strategically situated in key locations such as Australia, Africa, South America, and Kazakhstan. In July 2023, Glencore successfully concluded the acquisition of a 56.2% interest in the MARA Project from Pan American Silver Corp (NYSE: PAAS) for a sum of $475 million.

At the 2023 year end, the Swiss mining and trading powerhouse announced plans to merge Teck’s steelmaking coal business with its existing coal assets, with the intention of subsequently spinning off the combined unit within two years following the completion of the acquisition. The acquisition involves Glencore paying $6.9 billion in cash for a 77% stake in Teck’s coal business, a crucial supplier to the steel industry. The remaining ownership will be distributed between Japan’s Nippon Steel and South Korea’s Posco.