The mining industry has long been a primary driver of global economic growth. In the United States, the mining industry contributed more than 1% of GDP in 2020. In the global mining market, Asia Pacific remained the largest region. The largest contributors to the global mining sector are Australia, China, and the United States. These countries are home to some of the world’s largest mining firms. Mining remains Australia’s largest industry, accounting for more than 10% of the country’s GDP. The worldwide mining business is rebounding from the impact of the pandemic, with a compound annual growth rate of 12.4% predicted to reach $1,845 billion by 2021. The utilization of renewable energy can be credited for this growth. In 2020, the Smart Mining Market was worth $8 billion, and by 2026, it is expected to be worth $24.2 billion. Dundee Precious Metals, a Canadian mining business, was one of the first to use wireless network technology in an underground mine. The top mining corporations earn $692 billion in sales and have $1,139 billion in assets.
Insider Monkey takes a look at the 20 top mining companies in the world. The Mosaic Company is one of the world’s leading mining firms. Phosphate and potash are mined by the firm, which is the largest producer of these two nutrients in the United States. In 2019, Agnico Eagle Mines Limited set a new record by producing 1,782,147 ounces of gold and 4.3 million ounces of silver. The corporation has operations in Finland, Canada, and the United States. Albemarle Corporation, headquartered in Charlotte, North Carolina, is a premium chemical manufacturer. The corporation is divided into three divisions: lithium, bromine, and catalysts, with lithium accounting for the majority of revenue. Wheaton Precious Metals Corp. is one of the world’s major metal streaming businesses. It has agreements to buy precious metals and cobalt from 23 active mines. The company intends to produce in 2021. Polyus, headquartered in Moscow, is one of Russia’s leading gold miners. It is one of the world’s leading mining businesses, particularly in gold. Another corporation established in Canada that controls royalties and streams in gold mining is Franco-Nevada Corporation. The firm does not operate mines, but it does own a diverse portfolio of them. Nutrien Ltd. is a fertilizer corporation based in Canada. PotashCorp and Agrium merged in 2018, resulting in the formation of the corporation. More companies on this list are in the article Top Mining Companies in the World.
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