5 Most Valuable Australian Companies

2. Rio Tinto Plc (NYSE: RIO)

Market cap: $135.3 billion

Ranking second on our list of the 15 most valuable Australian companies is Rio Tinto Group. Rio Tinto is one of the biggest iron ore producers in the world. The Anglo-Australian mining and metal conglomerate is globally recognized in the extraction of iron ore, aluminum, uranium, copper, and diamonds. Rio Tinto’s production and shipments during the pandemic were directly impacted by the movement restriction globally. Rio Tinto’s revenue decreased by 7% to $19.4 billion, while its net earnings decreased by 20%, according to the company’s first-half of 2020 report.

Based on RIO’s 2020 annual report, the company announced total net cash generated from operating activities of $15.9 billion mainly driven by iron ore prices. Shares of RIO increased by 100% over the past twelve months. 

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