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Aussie mining companies smash Top 40

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Australian mining companies have remained at the top of PwC’s annual Mine report into the performance of the world’s 40 largest mining companies.

BHP Billiton was in the top spot, followed by Rio Tinto in second place (both holding their spots from the previous year), while Glencore moved from fourth position to sixth.

The report revealed a first ever collective net loss for the top 40 miners with market capitalisation falling by 37 per cent, effectively wiping out all the gains made during the commodity super cycle.

“The Top 40 experienced their first ever collective net loss, their lowest return on capital unemployed, unprecedented capex containment and the tag team effect of prevailing debt levels plus impairments, sending leverage to new heights,” the report says.

 
NameCountryTraditional (T)
v Emerging (E)
Year End2015 Ranking2014 Ranking
BHP Billiton plc/
BHP Billiton Limited
UK/
Australia
T30-Jun11
Rio Tinto plc/
Rio Tinto Limited
UK/
Australia
T31-Dec22
China Shenhua Energy
Company Limited
China/
HongKong
E31-Dec33
Coal India
Limited
IndiaE31-Mar46
MMC Norilsk NickelRussiaE31-Dec511
Glencore plcUK/
Australia
T31-Dec64
Grupo Mexico
S.A.B. de C.V
MexicoT31-Dec710
Vale S.A.BrazilE31-Dec85
Potash Corp. Of
Saskatchewan, Inc.
CanadaT31-Dec97
Saudi Arabian Mining
Company (Ma’aden)
Saudi ArabiaE31-Dec1019

 

Read the full report here.

 

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