This article discusses the 5 Biggest Precious Metals and Minerals Companies in Australia in 2024. If you want to get a detailed analysis of the precious metals sector, you can head on to 20 Biggest Precious Metals and Minerals Companies in Australia in 2024.
5. James Hardie Industries plc (ASX:JHX)
Market Cap: $11.27 billion
James Hardie Industries plc (ASX:JHX) is a world leader in manufacturing building materials which mainly consists of fiber cement products. In Q3 Fiscal Year 2024 financial report of James Hardie Industries plc (ASX:JHX) showed a record adjusted net income of $179.9 million, a record nine-month operating cash flow of US$749.5 million, and a projected Q4 adjusted net income guidance ranging from $165 million to $185 million.
4. Amcor Limited (ASX:AMC)
Market Cap: $13.32 billion
Leading the way in the development and manufacturing of ethical packaging solutions for a range of food, beverage, pharmaceutical, medical, home, and personal care products is Amcor Limited (ASX:AMC). Amcor Limited (ASX:AMC) recorded $14.69 billion in revenue in 2023, a 1.03% rise over the previous year. With $1.05 billion in earnings over the same period, they saw a noteworthy 30.19% gain.
3. Newmont Corporation (ASX:NEM)
Market Cap: $39.69 billion
On November 6, 2023, Newmont Corporation (ASX:NEM) announced that it had successfully completed its acquisition of Newcrest Mining Limited, an important moment for the sector. With significant copper production, this move establishes Newmont Corporation (ASX:NEM) as an international player in gold mining. With Newmont Corporation (ASX:NEM) seeking to successfully integrate Newcrest’s assets, the merged operations are anticipated to improve value and operating efficiencies.
2. BHP Group Limited (ASX:BHP)
Market Cap: $95.05 billion
Among the biggest worldwide diversified resource corporations is BHP Group Limited (ASX:BHP). BHP, which has its headquarters in Melbourne, Australia, is a multi-sector company that deals in nickel, coal, iron ore, copper, and petroleum. BHP Group Limited (ASX:BHP) maintained its focus on community contributions and shareholder returns in the second half of the year by maintaining strict cost control and strong operational performance. Consequently, the business declared a dividend of seventy-two cents per share, demonstrating its dedication to providing value to investors.
1. Rio Tinto (ASX:RIO)
Market Cap: $127.50 billion
Rio Tinto (ASX:RIO) is a leading global mining and metals company. With its roots in several continents, Rio Tinto (ASX:RIO) is involved in the exploration, mining, and processing of a variety of minerals, including aluminum, copper, diamonds, iron ore, and uranium. Rio Tinto (ASX: RIO) produced 3.3 million tons of aluminum in the quarter that ended on December 31, 2023, a significant 9% rise over the same period the previous year.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at the 12 Biggest Canadian Mining Companies and 13 Best Silver Mining Stocks to Invest in Now.
