5 Largest Mining Companies by Market Cap

2. Rio Tinto Group (NYSE: RIO)

Market Cap: $137.6 billion
Number of Hedge Fund Holders: 25

Rio Tinto Group (NYSE: RIO) is an Anglo-Australian multinational and the world’s second-largest metals and mining corporation behind BHP Group (NYSE: BHP). The company’s operations revolve around mining and producing iron ore, aluminum, diamond, gold, copper, and borate. The company provides its services in nearly 35 countries and is headquartered in London, United Kingdom.

Along with mining and extraction of minerals, the company has also some operations in refining, particularly bauxite and iron ore. According to the annual reports, Rio Tinto Group (NYSE: RIO) generated a revenue of $44.6 billion in 2020. With $137.6 billion, it is one of the largest mining companies by market cap.