Top mining companies by market cap
: April update

By Khurram Ahmed Shazhad | 05 May 2017


The market capitalization rankings for the largest 25 metals and mining companies changed little during April. These top 25 companies were worth an aggregate US$611.25 billion at the end of April, an 18% increase compared with the corresponding month in 2016, when the same companies held a value of US$516.84 billion.

Despite the year-on-year increase, only five companies experienced a positive change in market value in April. The largest percentage increase was by Russian diamond miner PJSC Alrosa, whose market value climbed 7% in one month to US$12.68 billion. The company rose to 18th place from 24th place at the end of March, and reported a 9% year-on-year growth in production in first-quarter 2017. This increase was driven by ramping up of diamond mining at the Aikhal Division, Mir, International and Udachny Division underground mines, and also by processing of higher-grade ore from the Jubilee pipe.

Franco-Nevada Corp. also strengthened its position and broke into the top 25 at the end of April 2017, finishing in 22nd place. Franco Nevada's 4% increase in market cap was the second best among these leading mining companies.


top-mining-companies-market-cap-april2017

Charlotte, N.C.-based lithium producer Albemarle Corp. marked the second consecutive month of market cap growth by taking 23rd position. Albemarle closed April with a market cap of US$12.06 billion, and was among the handful of companies that registered an increase in market cap in April 2017. Albemarle reported 10% growth in first-quarter 2017 net sales.

The market cap of top mining companies BHP Billiton Group and Rio Tinto dropped slightly during April, but the two mining giants again topped the rankings.

ASX-listed Fortescue Metals Group Ltd. dropped five places to 20th from 15th. The company reported a 6% decline in total iron ore shipped and a 4% increase in C1 cash costs during the March third quarter of its 2016-2017 financial year compared with the previous quarter, largely due to the impact of wet weather on production and shipments.

Meanwhile, Fortescue Metals Group and Barrick Gold Corp., with respective market caps of US$12.37 billion and US$19.49 billion, were the only two companies that suffered double-digit declines in value.

Bombay-listed Vedanta Ltd., which made significant strides to enter the top 25 market cap rankings in March, slipped back to 26th position, and so fell out of the top 25 for April's ranking.


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