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Multiple companies are either operating or developing copper mines in New South Wales. Here's a look at copper stocks in New South Wales by market cap.

With around 13 percent of Australia's economic demonstrated copper resources, New South Wales is one of the country's premier jurisdictions for the exploration, mining and export of the red metal.

Though it's well behind the top jurisdiction — South Australia, which almost totally dominates resources and output (69 percent) — New South Wales is unique in that it is home to dozens of smaller projects either in the exploration, development or production stages.

In 2018, AU$260 million was spent on copper exploration across Australia, well up on 2017, and a decent chunk of that was spent in New South Wales, which according to the state government, is home to up to 40 companies that are sniffing around the state looking for the next big deposit.

Besides the exploration happening, New South Wales is also home to some of the largest copper reserves in the country, such Northparkes and Cadia East, which are owned by China Molybdenum (HKEX:3993,OTC Pink:CMCLF) and Newcrest Mining (ASX:NCM,OTC Pink:NCMGF), respectively.

There are nine areas of copper-mining operations in the state, and between them they host 18 individual mine sites, making the state a tried-and-trusted jurisdiction for the mineral and investment.

Operations are clustered primarily in the central area of the state, between the outback cities of Broken Hill and Dubbo, but copper occurrences stretch across almost the entire state.

According to the Fraser Institute's most recent survey of mining companies, New South Wales is one of the less attractive jurisdictions, coming fifth out of seven in terms of Australian jurisdictions ranked by the Canadian think-tank — but the state has improved its standing considerably since 2016, and now outranks famed copper-producing jurisdiction Chile when it comes to investment attractiveness.

Those looking to invest in copper stocks in New South Wales have many options open to them given the plethora of companies operating there, as well as the increasingly rosy outlook for copper when it comes to global consumption and exploration heading into the age of electrification.

Tools to learn how to invest on the ASX and in New South Wales are freely available online through the ASX website — and to make it even easier, here's a little starter.

Copper stocks in New South Wales

As mentioned, there are multiple companies either operating or developing copper mines in New South Wales, with even more rolling their sleeves up and exploring. Here's a look at ASX-listed copper stocks in New South Wales organized by market cap from largest to smallest.

1. Newcrest Mining

Market cap: AU$23.15 billion; current share price: AU$28.33

By far the largest ASX-listed company with interests in New South Wales copper, Melbourne-headquartered Newcrest Mining's flagship operation is Cadia Valley in Central New South Wales.

Made up of two underground mines (Cadia East and Ridgeway), the Cadia operation is a gold-copper mine. In the 2020 financial year, Cadia produced 96,000 tonnes of copper, making it the company's main source of copper globally. Newcrest also holds interests in copper in British Columbia (Red Chris) and Western Australia (Telfer), both of which are also gold-copper focused.

2. Aeris Resources (ASX:AIS)

Market cap: AU$421.59 million; current share price: AU$0.22

An explorer and an operator, Aeris Resources is the owner of the Tritton copper operation in Central New South Wales, which produced 5,270 tonnes in the March quarter of 2021, with annual production above 20,000 tonnes per year.

Tritton has been active since 2004, with the company touting multiple future development prospects ahead for the overall operation, extending its mine life significantly. Tritton sits on a large deposit of copper of up to 750,000 tonnes, meaning that while annual production is modest, it is reliable and has a long future ahead. Exploration around the area is ongoing.

3. Aurelia Metals (ASX:AMI)

Market cap: AU$450.68 million; current share price: AU$0.36

Aurelia Metals is the owner of the Peak mine in Central New South Wales, a polymetallic operation primarily focused on gold, but with copper, lead and zinc by-products. Output of copper in 2019 came to 4,267 tonnes. Overall, the company's three operations in New South Wales are centred on gold, but the presence of copper in polymetallic deposits in the state makes Aurelia a fairly typical investment prospect.

4. Heron Resources (ASX:HRR)

Market cap: AU$18.9 million; current share price: AU$0.05

A significantly smaller company than the others on this list, Heron Resources was the developer of the Woodlawn zinc-copper-lead project in Southern-Central New South Wales.

The project was in development for five years and began production in late 2019, but was suspended in early 2020 due to the COVID-19 pandemic. The project remains in care and maintenance, according to the company's most recent quarterly report.

An honourable mention for copper investment opportunities in New South Wales goes to international company Glencore (LSE:GLEN,OTC Pink:GLCNF), which owns the CSA mine near Cobar. The CSA mine is one of Australia's highest-grade copper deposits, as per the company.

More broadly, Glencore is the second largest producer of copper in Australia, with interests in Queensland giving it that crown. Glencore, however, is not listed on the ASX.

For more on Australia's copper landscape, click the links below:

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Securities Disclosure: I, Scott Tibballs, currently hold no direct investment interest in any company mentioned in this article.

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The mining and resources sector now sets its sights on Australia’s largest mining investment forum, Mines and Money @ IMARC, co-located with IMARC from January 31, 2022, to February 2, 2022, at the Melbourne Showgrounds.

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There are many big Australian gold stocks, but these are the five top companies in the sector by market cap.

Australia is the fourth largest producer of gold worldwide, and this past year has brought ups and downs for the commodity. The precious metal hit its 2021 high point early on and fell soon after.

Lately, gold has been resting at a strong price of around US$1,800 per ounce, and it seems like it will exit the year that way. It may even be in for a serious price hike if inflationary pressures continue on their current trajectory.

Read on to learn more about Australia’s five top gold companies by market cap. All market cap and share price information was obtained on November 25, 2021, using TradingView's stock screener.

1. Newcrest Mining

Market cap: AU$19.54 billion; current share price: AU$24.14

Newcrest Mining (ASX:NCM) operates a portfolio of gold mines across Australia, Canada and Papua New Guinea. These include its New South Wales-based Cadia mine and its Western Australia-based Telfer and Havieron mines.

In November 2021, Newcrest agreed to purchase British Columbia-based Pretium Resources (TSX:PVG,NYSE:PVG) for C$3.5 billion, marking the company’s expansion into Western Canada.

2. Kirkland Lake Gold

Market cap: AU$14.57 billion; current share price: AU$54.99

Kirkland Lake Gold (ASX:KLA) has mining operations in Australia and Canada, both of which are low-risk, gold-rich countries. The company’s Fosterville mine is based in Victoria, Australia, and as of December 31, 2018, its mineral reserves stood at 2.7 million ounces. It produced 640,467 ounces in 2020.

In September 2021, Kirkland Lake Gold and Agnico Eagle Mines (TSX:AEM,NYSE:AEM), a Canadian gold miner, announced a “merger of equals." The new company will go by the name Agnico Eagle Mines, and the companies expect the transaction to close in late 2021 or early 2022.

3. AngloGold Ashanti

Market cap: AU$12.43 billion; current share price: AU$5.83

AngloGold Ashanti (ASX:AGG) is a global gold miner formed in 2004. It has two Australia-based operations, both of which are based in Western Australia’s northeastern goldfields: Sunrise Dam and Tropicana. Sunrise Dam is 100 percent owned, while Tropicana is 70 percent owned, with the remaining 30 percent owned by Regis Resources (ASX:RRL,OTC Pink:RGRNF). In 2020, these operations produced 554,000 ounces of gold.

In Q3 2021, AngloGold Ashanti reported total gold production of 613,000 ounces at a total cash cost of US$927 per ounce. This represents a 5 percent quarter-over-quarter increase in production, though a year-to-date decrease.

4. Northern Star Resources

Market cap: AU$11.39 billion; current share price: AU$9.66

Northern Star Resources (ASX:NST) is an Australian gold-mining company with projects throughout Western Australia and North America at its Kalgoorlie, Yandal and Pogo production centres. In the 2021 fiscal year, Northern Star experienced a 40 percent revenue increase and a 10 percent cash earnings hike.

In late November 2021, Northern Star announced an agreement to buy Newmont Australia’s power business for US$95 million. The company paid US$25 million for the option to purchase this business, an opportunity it was given through its recent 50 percent acquisition of Kalgoorlie Consolidated Gold Mines.

5. Evolution Mining

Market cap: AU$7.53 billion; current share price: AU$4.12

Australian gold miner Evolution Mining (ASX:EVN) has projects throughout New South Wales, Queensland and Western Australia, as well as in Ontario, Canada. Evolution Mining produced 680,788 ounces of gold in the 2021 fiscal year at an all-in sustaining cost of AU$1,215 per ounce.

In 2019, Evolution Mining became one of only two Australian gold companies to be included in the Dow Jones Sustainability Index (INDEXDJX:W1SGI). In 2020 and 2021, the company made several strategic acquisitions and divestments, including its high-value purchases of the Red Lake and the Kundana operations.

This is an updated version of an article originally published by the Investing News Network in 2018.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Isabel Armiento, hold no direct investment interest in any company mentioned in this article.

What are the largest Australian copper companies? These five ASX copper stocks are the biggest on the exchange by market cap.

Last year, pandemic restrictions forced copper mines to shut down across the world, driving down global production and causing the 10 largest copper-mining companies to suffer dramatic losses.

But in 2021, copper hit an all-time high of US$10,700 per tonne, and stayed over US$9,000 for much of the year.

The three top copper-producing countries globally are Chile, Peru and China, with Australia coming in at number six. Still, there are plenty of untapped resources in the land down under, and Australia is making a name for itself as an up-and-coming producer of this important base metal.

Read on to learn more about the top five Australian copper companies on the ASX, ranked by market cap. All market cap and share price information was obtained on November 26, 2021, from TradingView.

1. BHP

Market cap: AU$192.56 billion; current share price: AU$38.03

BHP (ASX:BHP) is a top global producer of copper, nickel, potash, iron ore and metallurgical coal, with copper production centralised at its South Australia-based Olympic Dam mine.

The company, whose headquarters are in Melbourne, Australia, emphasises copper’s function in renewable energy systems and the metal’s critical role in reducing carbon dioxide emissions.

Recently, BHP has focused its attention on its energy assets. In late November, the company merged its oil and gas portfolio with Woodside Petroleum, a deal that was originally struck in August of the same year. On the mineral side of its operations, BHP was looking to acquire Noront Resources (TSXV:NOT,OTC Pink:NOSOF), a Canada-based nickel, copper, chrome and platinum company, but decided not to match a superior offer.

2. OZ Minerals 

Market cap: AU$8.77 billion; current share price: AU$25.70

OZ Minerals (ASX:OZL) is a South Australia-based copper-mining company founded in 2008. Its operations include the Carrapateena project, where construction was completed in 2019, and the upcoming Malu underground mine, which was commissioned in 2015.

In a November press release, OZ Minerals reported a year-to-date 5 percent increase in group ore reserve copper metal tonnes. In its third quarter results, the company reported guidance of between 120,000 and 145,000 tonnes of copper for the year.

3. Sandfire Resources

Market cap: AU$2.59 billion; current share price: AU$6.11

Sandfire Resources (ASX:SFR) owns 7,189 square kilometres in the Bryah Basin region of Western Australia, including its DeGrussa and Monty operations. Both of these are 100 percent owned and produce copper and gold.

The company released its third quarter results in October, reporting total copper production of 15,946 tonnes. Sandfire expects output of between 64,000 and 68,000 tonnes of copper in 2022.

4. 29Metals

Market cap: AU$1.29 billion; current share price: AU$2.63

Australia-based mining company 29Metals (ASX:29M) has the Golden Grove mine in Western Australia and the Capricorn copper mine in Queensland, along with several promising new growth opportunities lined up. 29Metals focuses on copper production, though it also mines for zinc, gold and silver.

According to an October release from the company, production was weaker than expected at Golden Grove during the September quarter. However, the asset's quarter-on-quarter decline of about 10 percent was largely offset by a strong performance at Capricorn.

5. Copper Mountain Mining

Market cap: AU$804.96 million; current share price: AU$3.81

Copper Mountain Mining (ASX:C6C) is a Canadian and Australian copper miner, with its flagship Copper Mountain operation in British Columbia, Canada, and its Eva and Cameron copper projects in Queensland, Australia.

In the third quarter, Copper Mountain Mining reported total output of 22.4 million pounds of copper at its Copper Mountain mine, representing a 12.1 percent quarter-over-quarter decline in production. The company still reported positive cash flow, with strong construction and exploration gains made at its Eva and Cameron projects.

This is an updated version of an article first published by the Investing News Network in 2018.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Isabel Armiento, hold no direct investment interest in any company mentioned in this article.