Introduction
The underground mining industry plays a vital role in supporting the global economy. Subsurface mining companies extract, process, and sell a wide variety of metals, minerals, and energy products critical to developing many different industries. However, underground mining equipment is also essential to the subsurface mining business. Mining companies’ pivotal role in economic growth and changing trends has refocused society and investors on the underground mining industry. In 2018, the world’s 40 largest publicly traded mining companies had revenues of $683 billion and combined profits of $165 billion. Those mining companies paid shareholders a record $43 billion in dividends.
List of mining companies
- BHP Billiton
- Rio Tinto
- Vale
- Glencore
- China Shenhua Energy
- Russian Mining and Metallurgical Corporation
- Newmont
- Anglo American
- Barrick
- Southern Copper
Top 1 BHP Billiton Mining Company
They are in the subsurface mining business. BHP‘s most significant revenue-generating segment in 2018 was subsurface mining of iron ore, which accounted for 39 percent of the miner’s total profit. Therefore，this mining company uses advanced underground mining equipment when conducting subsurface mining. However, choosing an excellent underground mining equipment can promote the efficient and smooth completion of the underground mining business. Meanwhile, mining companies are making high profits.Copper followed with 28%, coal with 19%, and oil and gas contributed 14% to the mining company’s earnings.
BHP Billiton is the crown jewel of the empire. Therefore, WAIO produced 275 million tonnes of iron ore in 2018. After that, the output makes BHP Billiton one of the world’s top three producers of subsurface mining. So, the mining company are an integrated system of five underground mines and four processing centers linked by more than 600 miles of rail infrastructure and port facilities. Underground iron ore mining will continue to be an essential part of BHP Billiton’s portfolio because the mining company and its partners started the expansion of WAIO in 2018. The miner expects to complete the $3.6 billion project by 2022.
Top 2 Rio Tinto
The main business of this mining company is subsurface mining. However, iron ore mined underground is Rio Tinto’s biggest moneymaker. In 2018, iron ore mined underground supplied 62% of the company’s total profits. Therefore，this mining company uses advanced underground mining equipment when conducting subsurface mining. However, choosing an excellent underground mining equipment can promote the efficient and smooth completion of the underground mining business. Meanwhile, mining companies are making high profits.Meanwhile, aluminum came in second with 17%, copper and diamonds with 15%, and energy and minerals with 12%.
Rio Tinto plans to invest more than $6 billion a year by 2022 to maintain and grow its underground mining output. The mining company works on numerous underground metal supplyprojects, including developing an underground copper mine in Mongolia. However, the expansion of existing copper mines in the US is poised to replace the depleting iron mines in Australia and extend the life of mines in South Africa. The mining company also has subsurface mining projects under development. Such as the large copper mine in the United States that is ready to replace and a lithium mine in Serbia. These investments and development of underground mining projects put Rio Tinto well-positioned to meet future growth needs, especially given the massive demand for copper and lithium in the renewable energy sector.
Top 3 Vale Mining Company
The mining company is the world’s largest iron ore and nickel producer. Vale also produces many other heavy metal mines, such as copper, coal, and manganese. Therefore, Vale is a veritable metal mining company. Vale operates 22 underground iron mines in Brazil. Since the rocks in this area contain 67% iron ore, this is the highest grade in the world for underground mining.
Therefore, this mining company uses advanced underground mining equipment when conducting subsurface mining. However, choosing an excellent underground mining equipment can promote the efficient and smooth completion of the subsurface mining business. Meanwhile, mining companies are making high profits.In addition to underground mines, Vale operates factories that produce iron ore pellets and has extensive rail and port infrastructure to bring its products to the global subsurface mining market. In 2018, Vale’s iron ore business provided 74% of its revenue, nickel at 13%, and copper at 6%. Iron ore will remain vital to Vale for years to come.
The miningcompany spent $14.3 billion to develop new iron ore projects. The underground mining project’s production is expected to grow from 55 million tons per year in 2018 to 90 million tons per year in 2020. The miner is investing another $770 million to increase the project’s production capacity to 100 million tons by 2022 and expand the logistics capacity of its northern system so Vale can process 240 million tons a year. These are just some of the underground mining projects the company is working on in the coming years to improve its iron ore, copper, coal, and nickel businesses. These underground mining projects ensure that Vale will remain a top mining company for the next decade.
Top 4 Glencore Mining Company
Glencore Mining operates 150 subsurface mining and metallurgical sites, oil and gas properties, and agricultural facilities.Therefore，this mining company uses advanced underground mining equipment when conducting underground mining. However, choosing an excellent underground mining equipment can promote the efficient and smooth completion of the subsurface mining business. Meanwhile, mining companies are making high profits. In addition to producing commodities, the company also sells items from third-party underground miners. In 2018, Glencore’s subsurface mining business generated most of its revenue from coal, accounting for 33% of the group’s total underlying profit.
However, the mining company also has a substantial proportion of heavy metal mines, with copper at 30%, zinc at 15%, and nickel at 5%. Meanwhile, its third-party underground mining marketing business provided another 15% of its revenue in 2018. Glencore expects to invest an average of $3.6 billion a year through 2022 to keep its existing subsurface mining operations afloat, with an additional $1.2 billion a year for expansion projects. These growth-related investments put the company on track to increase coal production by 10%, while copper production should rise by 3% and zinc by 28%. The company also expects faster production growth in product categories that make up a smaller portion of the business, such as cobalt and oil. Therefore, Glencore will continue to become more diversified in the future.
Top 5 China Shenhua Energy Mining Company
The source of coal mines is mainly subsurface mining. The company operates coal mines in China and has an integrated rail network and seaports for transporting coal. Due to its vital mineral resources, China Shenhua also operates power plants that use coal sold by power plants to generate electricity. The mining company’s underground mining business accounted for 61% of its total revenue in 2018. Power generation was the second-largest revenue generator, accounting for 33% of total income, while the rest of the rail, port, shipping, and coal chemical businesses came in second.
China was the world’s largest coal consumer in 2018, accounting for nearly half of the global total. While it will continue to lead to coal-burning for years, China is working to reduce its use. As a result, IEA forecasters expect China’s demand for coal to fall by 3% by 2023. Therefore，this mining company uses advanced underground mining equipment when conducting subsurface mining. However, choosing an excellent underground mining equipment can promote the efficient and smooth completion of the subsurface mining business. Meanwhile, mining companies are making high profits.This subsurface mining company is likely to pressure China Shenhua Energy’s coal business in the next few years, leading to its decline in the rankings.
Top 6 Russian Mining and Metallurgical Corporation
Russian Mining and Metallurgical Corporation is a global leader in producing advanced, refined nickel and palladium. It is also the fourth-largest producer of platinum and rhodium and the eleventh large copper miner. The Russian Mining and Metallurgical Corporation also does underground mining, mainly heavy metal ores, such as gold, silver, iridium, selenium, ruthenium, and tellurium. The mining company provided 39% of the world’s palladium is 2018, so the metal contributed 34% of the company’s revenue. It also produces 23% of the world’s high-grade nickel, providing 28% of its revenue.
This mining company uses advanced underground mining equipment when conducting underground mining. However, choosing an excellent underground mining equipment can promote the efficient and smooth completion of the underground mining business. Meanwhile, mining companies are making high profits.Meanwhile, copper is its second-largest source of income, accounting for 27% of total revenue, even though underground nickel mines produce only 2% of the global copper supply. Mining companies have several ongoing underground mining projects to increase production over the next few years, hopefully. As a result, the mining company believes it can increase nickel and copper production by 15% by 2025, while palladium and platinum production is expected to increase by 25%. Given these growth prospects, the mining company could climb further up the global rankings in the coming years.
Top 7 Newmont Mining Company
Newmont Mining Corporation is the world’s top underground gold mining company by production. The company was formed in 2019 following the merger of leading gold mining companies Newmont Mining and Canadian Gold Mining. The combined mining company operates 14 underground gold mines in North and South America, Africa, and Australia and owns stakes in two covert gold mining joint ventures. In addition to gold mining companies, these underground mines also produce some metals such as zinc, lead, silver, and copper.
However, gold mining is Newmont Gold’s largest revenue generator, accounting for more than 90% of the combined mining company’s total revenue in 2018. Given that the mining company aims to produce 6 million to 7 million ounces of gold, this will remain so for the next few years. Gold will be mined underground every year until 2025. This mining company uses advanced underground mining equipment when conducting underground mining. However, choosing an excellent underground mining equipment can promote the efficient and smooth completion of the underground mining business.
Meanwhile, mining companies are making high profits.The mining company aims to do this by investing in projects to maintain existing subsurface mining and build new mines. The investments should help make up for a drop in production from the depletion of its traditional underground mines. One of the projects it is considering is to spend between $650 million and $750 million on the second expansion of its Tanami underground mine in Australia. The underground mining project will add 100,000 ounces of annual production over the 2023-2027 time frame while extending the life of the underground mine to 2040. Such a project would keep Newmont Gold as one of the world’s largest subsurface mining companies for years to come.
Top 8 Anglo American Mining Company
Anglo American produces copper, coal, diamonds, iron ore, platinum group, nickel and manganese, and other metals. The mining company operates underground mines in Africa, North and South America, and Australia. In 2018, Anglo American’s subsurface mining coal business contributed 35% of total profits. For the metal mining segment, copper came in second with 20% and iron ore at 16%, and its investment in De Beers, the world’s leading diamond company, provided 14% of the year’s earnings.This mining company uses advanced underground mining equipment when conducting underground mining.
However, choosing an excellent underground mining equipment can promote the efficient and smooth completion of the underground mining business. Meanwhile, mining companies are making high profits. The mining company is working on several subsurface mining projects to expand the subsurface mining output of its metal recycling mines. Anglo American believes it can boost underground copper mine production by another 20% to 25% from 2018 levels by 2023. That growth rate is much faster than its large, diversified peers, which forecast production growth in the 5% to 15% range. Thanks to its more rapid growth rate, Anglo American Mining seems poised to climb to the top of the leaderboard in the next few years.
Top 9 Barrick Mining Company
Barrick Gold Mining operates subsurface mining operations in North and South America, Africa, the Middle East, and Australia. Barrick Gold Mining is expected to produce between 5.1 million and 5.6 million ounces of gold in 2019, making the mining company one of the largest gold miners in subsurface mining by production. In addition to gold, Barrick also produces copper. However, gold accounted for 91% of its revenue in 2018, while copper came in second with 7%. Barrick Gold’s focus is on operating level 1 subsurface mining. Tier 1 underground mining is defined as more than ten years of subsurface mining life.This mining company uses advanced underground mining equipment when conducting underground mining.
However, choosing an excellent underground mining equipment can promote the efficient and smooth completion of the subsurface mining business. Meanwhile, mining companies are making high profits. At the same time, mining companies need to produce at least 500,000 ounces of gold per year. As such, these underground mines should be able to provide stable, low-cost bulk gold production that will allow Barrick to make more money in the long run. Barrick has no plans to increase production, given the focus on having Tier 1 underground mining. As a result, the mining company’s production is likely to decline in the coming years due to the sale of non-core underground mines.
Top 10 Southern Copper Mining Company
Southern Copper Mining Corporation is a diversified subsurface mining and metal mining industry holding company in Mexico. The mining company is one of the world’s largest copper producers by volume. This mining company is due to its majority stake in top 10 copper producers Southern Copper, which operates underground mines in Mexico and Peru. Mexico’s Southern Copper Mines also holds U.S. and Spanish mining companies stakes. These subsurface mining entities produce black metal fabrication minerals such as copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium. However, copper accounts for 80% of the mining group’s sales.
In addition to the subsurface mining industry, Mexico Copper Mines also operates as the largest rail transportation company in Mexico. This mining company uses advanced underground mining equipment when conducting subsurface mining. However, choosing an excellent underground mining equipment can promote the efficient and smooth completion of the subsurface mining business. Meanwhile, mining companies are making high profits.It also owns stakes in some industrial businesses that focus on engineering, construction, power generation, and oil drilling services.
The biggest bright spot for Mexican Copper Mining is its 88.9% stake in Southern Copper Mining. The miner produced 884,000 tonnes of copper in 2018, making it the fifth-largest copper producer. Southern Copper has the second largest known copper reserves in the world. Based on this, the mining company believes that by investing in the expansion of existing underground mines and the construction of new underground mines, copper production can be significantly increased in the next few years. Its copper production is estimated to reach 1.8 million tonnes by 2026. This mining company will benefit the Mexican copper miner’s underground mining operations and potentially allow them to climb the leaderboard in the next few years
Conclusion
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