5 Largest Mining Companies by Market cap

2. Rio Tinto (NYSE:RIO)

Market cap: $110.202B 

Rio Tinto Group (NYSE: RIO) is a multinational corporation based in Britain and Australia, renowned for its significant role as a major producer of commodities including iron ore, copper, diamonds, gold, and uranium. Among its key operations are the Oyu Tolgoi copper mine in Mongolia and the Pilbara iron ore project in Australia. Also, the company exclusively owns the Diavik Diamond Mine in Canada’s Northwest Territories.

According to a recent report, Rio Tinto (NYSE: RIO) revealed that the Diavik mine demonstrated an improvement in diamond production, yielding approximately 970,000 carats in the second quarter of 2023, surpassing the 954,000 carats produced in the preceding quarter.