9 biggest chinese mining companies - investopedia
China Shenhua is an integrated energy company that operates primarily through its coal division. The company operates several coal mines and is involved in the production and transportation of coal and coal products.
Its revenue for the twelve months ending on March 31, 2019, was $27.222 billion—a 96.05% increase year-over-year. Its annual revenue for 2018 was $39.9 billion—an 8.4% increase from 2017. The company's net income for 2018 was $6.66 billion, a 5.7% decline from 2017.
China Coal Energy Company Limited mines and processes coal products. It produces thermal coal and coking coal products and also conducts coal chemical production, coal mining equipment manufacturing, pit mouth power generation, and coal mine design businesses.
Zijin Mining Group is principally involved in gold mining and smelting, though the company also mines for copper, lead, zinc, silver, and iron products in smaller quantities. For the third quarter of 2019, the company's revenue was $34.42 billion. Its revenue for 2018 was $105.99 billion, and its net income was $4.09 billion for 2018.
China Northern Rare Earth Group, formerly known as the Inner Mongolia Baotou Steel Rare Group, is engaged in producing rare earth metals, oxides, and salts. China Northern Rare Earth Group has a market capitalization of $36.73 billion.
Jiangxi Copper is one of China's largest copper producers. It manufactures, distributes copper products, and produces copper cathode and other copper products. Jiangxi Copper also operates minerals development, finance, investment, trade, logistics, and other businesses.
Shaanxi Coal and Chemical mines, processes, and sells coal products. It also produces long flame coal, caking coal, noncaking coal, gas coal, lump coal, washed coal, coal chemicals, and other products.
China Molybdenum is a mineral mining and exploration company. It mines for molybdenum, tungsten, niobium, cobalt, copper, and more. For the third quarter of 2019, the company's revenue was $23.43 billion. Its revenue for 2018 was $25.96 billion, and its net income was $4.63 billion for 2018.
Shandong Gold Mining operates gold mining and production businesses. It provides gold exploration, processing, and outsourcing of gold smelting services. It also operates gold jewelry purification and non-ferrous metal production businesses.
Yanzhou Coal Mining Company Limited operates coal businesses. The company produces fine coal, blown coal, power coal, and coal chemical products. Yanzhou Coal Mining also operates power generation, railway transport, machinery manufacturing, and heating businesses.
world's 10 largest gold mines by production | inn
The mines on the list are located in various countries, from Russia to Uzbekistan to the Dominican Republic. However, many of the world’s largest gold mines are owned at least in part by major miner Barrick Gold (TSX:ABX,NYSE:GOLD), which was the largest gold-producing company in the world last year. Without further ado, here are the 10 largest gold mines in the world by production
The Grasberg mining district is located in Indonesia and is the largest gold mine and second largest copper mine in the world. The majority of the asset is owned by Freeport-McMoRan (NYSE:FCX), which also operates in both North and South America. Grasberg consists of the Grasberg open pit, the DOZ underground mine, DMLZ underground mine and the Big Gossan underground mine.
In 2018, Barrick Nevada was comprised of two Nevada-based mines owned by Barrick Gold: Cortez and Goldstrike. GFMS lists them together because Barrick Gold considers them an integrated operation. Combined, these two mines generated 65.3 tonnes of gold in 2018
At the beginning of July 2019, Barrick Nevada became Nevada Gold mines following a joint venture with Newmont Goldcorp (TSX:NGT,NYSE:NEM), which, according to the gold companies’ collaborative press release, resulted in the creation of the world’s greatest gold complex. Nevada Gold mines is 61.5 percent owned and operated by Barrick, and 38.5 percent owned by Newmont Goldcorp.
Muruntau is owned by the government of Uzbekistan, and officially takes its place as one of the biggest gold mines, coming in third in the world by production. According to GFMS, Muruntau produced 62.5 tonnes of gold last year; however, the information comes with an important caveat — details about the mine have been a longtime state secret
As suggested by its name, Newmont Goldcorp is the parent company and at of the end of 2018, Newmont Nevada consisted of a total of 11 mines and 13 processing facilities, stretched over 2.6 million acres in the state and accounted for approximately 30 percent of the company’s total global output.
As previously mentioned, Newmont Goldcorp and Barrick Gold merged their Nevada assets on July 1. The Nevada Gold mines venture comprises 10 underground and 12 open pit mines, two autoclave facilities, two roasting facilities, four oxide mills, a flotation plant and five heap leach facilities. Nevada production is expected to be 1.5 million ounces in 2019.
Alluvial deposits are the stream bed deposits for minerals. These deposits are formed when minerals are mined from their source, and then transported by water to a new locale. When the sediments are deposited, they settle according to their weight, with heavier, more valuable precious metals like gold and platinum often being deposited at the same time
Despite coming in at fifth place on GFMS’ top 10 list, the alluvial operations involve risks, as they are not very productive, lack safety and tend to have a high environmental impact. They are also often done illegally and outside of regulatory framework
Located in Russia, Olimpiada is an open-pit operation owned by UK-based Polyus Gold (MCX:PLZL). Olimpiada, which began production in 1996, is the company’s biggest gold operation. It holds proven and probable reserves of 26 million ounces of gold. In 2018, the mine produced 1,322 ounces of the yellow metal
Pueblo Viejo is one of the newer large gold mines in the world, and is a 60/40 joint venture between Barrick and Newmont Goldcorp. Newmont acquired its 40 percent stake in the asset following a merger with Goldcorp at the beginning of 2019.
The mine is located in the Dominican Republic — a prolific area in the mining industry — and in 2018 it produced 581,000 ounces of gold. The miners have forecast that Pueblo Viejo will have a gold output of 550,000 to 600,000 ounces in 2019.
The Kibali gold mine is a joint venture between Barrick, AngloGold Ashanti (ASX:AGG,NYSE:AU,OTC Pink:AULGF) and the Democratic Republic of Congo’s (DRC) state miner Sokimo.Barrick owns 45 percent of the asset and also acts as the operator; AngloGold owns 45 percent and Sokimo holds 10 percent.
Cadia Hill is an open pit mine within the Cadia Valley asset, which is one of Australia’s largest gold mining operations and is 100 percent owned by Newcrest. Although the mine is currently on care and maintenance, it managed to produce 23.4 tonnes of the yellow metal in 2018
Following the second quarter of this year, Newcrest announced that a modification application will be submitted in order to obtain approval to use the remaining third of the Cadia Hill open pit for tailings storage. If approved, Cadia Hill would be combined with the southern tailings storage facility to provide the Cadia Valley with tailings storage capacity for close to 10 years at current processing rates
metal ore mining in europe - mineral processing
Summary: The mining industry in Europe has lost its influence. While Europe accounted for almost 40 % of global mining output at the beginning of the last century, it now has a share of only about 3 %. However, in the course of the debate about the supply of critical raw materials, a trend reversal has become evident. The following report provides background information, figures and data and portrays key mining companies in the EU with a focus on the non-ferrous metals sector
It‘s been over 150 years since Europe dominated the mining industry. Measured by the production of metal ores, Europe still accounted for 62 % of world revenues in 1860. However, over the years, Europe‘s influence has declined rapidly, and now the EU-28 account for only 3 % of global mining revenues. This figure is derived from data published by Euromines (European Association of Mining Industries, Metal Ores & Industrial Minerals). According to the latest figures from the US Geological Survey (USGS) in 2014, the EU accounts for the following shares in the global mining outputs: titanium ore 8.9 %, silver 7.1 %, zinc 5.2 %, lead 3.9 %, copper 3.7 %, nickel 2.7 %, tungsten 2.5 %, iron ore 1.3 %, gold 0.9 %, bauxite 0.5 %, tin 0.03 %.