Leading metals and mining companies Australia 2024, by market capitalization
BHP Group Limited led the metals and mining companies listed on the Australian Securities Exchange as of May 2024, with a market capitalization of over 217 billion Australian dollars. BHP (formerly known as BHP Billiton) is a British-Australian mining company, with its major headquarters in London and Melbourne. It is one of the leading mining companies in the world.
Mining company BHP
BHP is a global mining, metals, and petroleum company with operations in Australia, North America, South America, and the U.K. In the fiscal year 2022, BHP’s revenue reached 65 billion U.S. dollars. The profit of BHP was reported at over 33 billion U.S. dollars in the same year. The company primarily focuses on the extraction of coal, copper, iron ore, and petroleum. BHP's iron ore segment had the highest revenue at over 30 billion U.S. dollars in the fiscal year 2022.
Mining in Australia
Mining is one of Australia’s largest industries, and the country plays a crucial role in the trade of mining commodities. The value added by the mining industry in Australia has exceeded one hundred billion Australian dollars over the past decade each year. Furthermore, the mining industry provides employment opportunities to almost 200 thousand people in Australia. Australia’s role in the mining industry is expected to continue to grow, particularly in Asia, due to its vast resources, proximity, and willingness to participate in the global marketplace.