Combined value of world’s 50 largest miners increases by $141 billion in 2017

The world’s 50 largest listed mining firms have added US$141 billion in combined market capitalisation this year to date, in a further sign of the industry’s recovery from the recent commodities price crash.

The mining sector’s top 50 are now worth a collective $896 billion, with up to $227 billion of wealth created for shareholders of these companies since the beginning of the industry’s upswing around 18 months ago.

Of the top 50 list compiled by, the top 10 largest listed miners make up 65% of the total market cap growth, with diversified giants Vale and Glencore contributing to 27% of the total annual value-add on.

The best performing companies are led by China Molybdenum, which has seen its value rise by 150% Y2D, taking it from 31st to 10th in the definitive list.

Other strong performers include Anglo American’s South African subsidiary Kumba Iron Ore and copper producer KAZ Minerals out of Kazakhstan.

However, gold and diamond firms have generally endured disappointing years, notably Barrick Gold, after its subsidiary Acacia Mining became embroiled in a mineral export ban saga with the Tanzanian government. Russian diamond producer also Alrosa saw its stock fall by 24% this year.

Nonetheless, the mood remains upbeat across the global mining community, with companies and investors hoping the growth trend continues throughout 2018.