07-01
The latest ranking of global mining companies released by an international authority shows that the industry is undergoing a structural adjustment. BHP Billiton (BHP) with a market capitalization of $126 billion and diversified resource reserves has been the top of the list, while Rio Tinto (Rio Tinto) with a market capitalization of $103 billion stays in the second place. China's mining companies have performed brilliantly: China Shenhua ranked third in the world with a market capitalization of more than 820 billion yuan, and Zijin Mining jumped to the fifth place, becoming the only Chinese company to enter the top five in the global metal mining industry, with its copper and gold production and lithium resources layout highlighting its strategic ambitions.
The rankings, which combine market capitalization, production, resource reserves and sustainability, reveal three major trends: 1) Chinese companies are accelerating the layout of new energy metals based on their traditional energy advantages; 2) green mines and energy saving and emission reduction have become core competitiveness; and 3) geopolitics and market fluctuations are forcing the industry to innovate its strategies. This article analyzes the key data of headline companies and the direction of industry change.