5 Biggest Iron Ore Mining Companies in Australia, 2024

2. Rio Tinto Group (NYSE:RIO)         

Market Capitalization: $105.88 billion

Rio Tinto Group’s iron ore ops in Pilbara are known to be top-notch, which are spread across 17 mines, 4 port terminals, and a vast rail network.

The company suffered a 12% downtick in their earning for 2023 year, which was expected; however, they still dished out surprisingly higher final dividend. Their earnings amounted to $11.8 billion for the year, which faced the dip as compared to previous year because of lower prices in their aluminum and minerals resources.