5 Most Valuable Mining Companies in the World

3. Glencore plc (LSE:GLEN)

Market Capitalization: $65.8 billion (1 GBP = 1.22 USD)

Glencore plc (LSE:GLEN) is a British-Swiss multinational commodity trading and mining company operating in over 35 countries and a major producer and marketer of more than 90 commodities. Its mining operations include copper, zinc, nickel, coal, and oil, with key mining and metallurgical sites in Australia, Africa, South America, and Kazakhstan. In July 2023, Glencore plc completed the acquisition of a 56.2% interest in the MARA Project from Pan American Silver Corp (NYSE:PAAS) for $475 million.

As part of the agreement, Glencore granted Pan American Silver Corp (NYSE:PAAS) a 0.75% Net Smelter Return (NSR) royalty, entitling them to a portion of the revenue from the copper produced and smelted from Glencore’s projects. This NSR entitles Pan American Silver Corp (NYSE:PAAS) to receive a portion of the revenue generated from the copper produced and smelted from Glencore’s mining projects.