https://www.engineeringnews.co.za

Top mining companies' value increased by 15.5% y/y

12th February 2018

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) - The 25 top global mining companies were worth an aggregate $818.2-billion at the end of January, a 15.5% increase compared with their value in the corresponding month in 2017, when the same companies held a value of $708.5-billion, research firm S&P's Global Market Intelligence said on Monday.

A similar group of companies that held the top 25 positions at this time a year ago was worth an aggregate $680.83-billion.

The firm further found that out of the 25 top miners, 21 recorded gains in valuation during January.

The ranking of the top five companies remained unchanged compared with year-end 2017, and BHP Billiton Group remained the world's most valuable mining company, with its market value having increased by more than 6.8% year-on-year to $124.9-billion.

A year ago, China Molybdenum and Shaanxi Coal Industry were both ranked outside the top 25 mining companies, at thirty-sixth and forty-third place, respectively. However, they have now entered into the top 25 companies with the help of triple-digit percentage improvements in market valuation year-on-year.

Shaanxi Coal achieved the second biggest improvement in market capitalisation (cap), jumping 106.3% to $15.9-billion and advancing to twentieth place. The company said on January 19 that it expected net attributable profit for 2017 to have jumped by between 263% and 285% to reach between 7.25-billion Chinese yuan and 7.85-billion yuan.

The two companies also rose sharply month-on-month. Shaanxi Coal was up 26.8% and China Molybdenum was up 13.9% compared with end-December. Zijin Mining Group at 17.8%, Anglo American at 15.1%, Coal India at 14% and South32 at 12.6%, were the other companies with significant increases in market cap since the end of 2017.

London-listed Anglo American and PJSC Norilsk Nickel swapped positions at number six and seven, as the latter's market value only grew 9.7% compared with Anglo's 15.1% improvement.

Norilsk Nickel reported that it had completed a reconfiguration programme at the Talnakh concentrator and this increased ore processing, boosting the company's fourth-quarter 2017 metals output across the board.

Chile-based lithium producer Sociedad Quimica y Minera de Chile experienced a decline in its market cap to $14.8-billion and, as a result, recorded the steepest drop in the rankings, slipping four places since end-December to twenty-first place. Barrick Gold, Franco-Nevada and Fresnillo, with respective market caps of $16.7-billion, $14.1-billion and $13.9-billion, were the other companies that suffered declines in market valuation.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

An unmanned breathalyser that is made to be tough and simple to use. Can be used in any environment for operator-free breathalyser testing.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.064 0.116s - 156pq - 2rq
Subscribe Now