What are the top Australian stocks in mining by market cap? We run through the five biggest companies in the space.

Interest in Australia as an investment hub is on the rise, and one area investors are looking toward is Australian stocks in the mining sector.

The country is viewed as a mining-friendly location, with many incentives and initiatives geared at helping companies move forward. But what are the top Australian stocks in the mining space? Below we run through the largest ASX-listed miners by market cap to give investors an idea of the landscape.

Data for this article was gathered via TradingView and was accurate at the time of publication. If we missed any Australian stocks you think should be on this list, please let us know in the comments.

1. BHP (ASX:BHP,LSE:BHP,NYSE:BHP)

Market cap: AU$215.51 billion; current share price: AU$45.61

Mining behemoth BHP is the largest Australian stock in the mining sector by market cap. The company operates primarily in Australia and the Americas, with more than 60,000 employees globally. It extracts minerals, as well as oil and gas.

Formed through the merger of BHP and Billiton, both founded in the 1800s, the company has become a powerhouse. Its key assets include the Australia-based Olympic Dam mine, one of the world’s largest orebodies and a major copper producer, and a 57.5 percent stake in the Escondida copper mine in Chile.

2. Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO)

Market cap: AU$179.42 billion; current share price: AU$120.05

Rio Tinto is another major diversified miner, and it’s no surprise to see that the company is a top Australian stock in the mining space. Its workforce stands at 47,000 people across 35 countries and six continents, and like BHP it is strongly represented in Australia and the Americas. Rio Tinto also has operations in Asia, Europe and Africa.

Also like BHP, Rio Tinto has a history that stretches back nearly 150 years. Currently it is focused on four product groups: aluminium, copper and diamonds, energy and minerals and iron ore. It is the biggest producer of natural colored diamonds, and has the largest integrated portfolio of iron ore assets.

3. Newcrest Mining (ASX:NCM)

Market cap: AU$21.18 billion; current share price: AU$26.05

Newcrest Mining is among the largest gold companies in the world in addition to being one of the top Australian stocks in the mining space by market cap. Its mines are located in Australia, Papua New Guinea and Indonesia, and its assets include the Cadia Valley operation in New South Wales. The site is one of the largest gold-mining operations in Australia.

The company says that its gold reserves represent more than 25 years of production at current rates, and it prides itself on having predominantly low-cost, long-life mines and a strong pipeline of brownfield and greenfield exploration projects.

4. Kirkland Lake Gold (ASX:KLA,TSX:KL,NYSE:KL)

Market cap: AU$13.81 billion; current share price: AU$51.79

Senior gold producer Kirkland Lake Gold has operations in Canada and Australia, including the Macassa mine and Detour Lake mine, both located in Northern Ontario, Canada, and the Fosterville mine situated in the state of Victoria, Australia.

Kirkland Lake’s gold production totaled 1,369,652 ounces in 2020, in line with its production guidance for the year. The company is targeting 1,300,000 ounces to 1,400,000 ounces of production in 2021.

5. South32 (ASX:S32,LSE:S32)

Market cap: AU$13.01 billion; current share price: AU$2.80

Formed in 2015 through a spinout from BHP, South32 is now a mining force in its own right. The company has operations in Australia, Southern Africa and South America, and produces bauxite, alumina, aluminium, energy, manganese, nickel, silver, lead and zinc.

In 2018, the company began amping up its focus on zinc through a C$1.8 billion deal to bring its ownership of Arizona Mining up to 100 percent, including the Hermosa zinc-lead-silver project. South32 began divesting its coal assets in 2021 with the closure of South Africa Energy Coal.

Would you invest in any of these Australian stocks? Tell us in the comments.

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

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

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

In exceptional market conditions, Rio Tinto achieves record financial results and declares total interim dividend of 561 US cents per share, 75% of underlying earnings

Rio Tinto Chief Executive Jakob Stausholm said “Government stimulus in response to ongoing COVID-19 pressures has driven strong demand for our products at a time of constrained supply resulting in a significant spike in most prices. We focused on safely running our world-class assets and supplying products to our customers. This enabled us, despite operational challenges, to deliver record financial results with free cash flow of $10.2 billion and underlying earnings of $12.2 billion, after taxes and government royalties of $7.3 billion. We are further strengthening the portfolio with our commitment to fund the high-quality Jadar lithium project, which signals our large-scale entry into the fast-growing battery materials market. We will pay an interim dividend of 561 US cents per share, representing 75% of underlying earnings.

“We are making progress on our four priorities, identifying opportunities for operational improvement, advancing our ESG agenda, taking important investment decisions and stepping up our external engagement. We are making real and lasting changes to the way we engage, interact and operate and are committed to ensuring that we have strong and positive relationships wherever we do business. We have identified what we need to do to make Rio Tinto a better company for the long term, with the right teams in place to unleash our full potential.”

Keep reading... Show less

Lake Resources NL Bonus Issue to Shareholders

Sydney, Australia (ABN Newswire) – Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF), in recognition of the support received from its shareholders, wishes to advise that it intends to undertake a bonus issue of options (Bonus Options) to all shareholders with an address in Australia or New Zealand (Eligible Shareholders) at 5:00 pm (Sydney time) on the Record Date (set out in the indicative timetable set out below*).

As the Bonus Options will be issued for nil consideration, Lake is raising no capital from their issue. For every ten (10) shares held at 5:00 pm (Sydney time) on the Record Date, Eligible Shareholders will be issued with one (1) free Bonus Option.

The Bonus Options will have an exercise price $0.35 each, expiring on 15 October 2021 and, if exercised, each will result in the allotment and issue of one (1) fully paid ordinary share in Lake. Lake will not seek listing of the Bonus Options on ASX.

Keep reading... Show less

Lake Resources NL Argentina based Director Strengthens Board

Sydney, Australia (ABN Newswire) – Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) has strengthened its Board, announcing today the appointment of experienced energy/natural resources lawyer, Sra. Amalia Saenz as a Non-Executive Director.

Based in Buenos Aires, Sra. Amalia’s appointment will assist Lake and its local team in Argentina in engaging with local stakeholders and preparing for the development of clean lithium production in Argentina.

Sra. Saenz is a partner at the law firm, Zang, Bergel & Viaes in Buenos Aires, where she leads the firm’s energy and natural resources practice.

Keep reading... Show less

Classic Minerals Limited Quarterly Activities Report

Perth, Australia (ABN Newswire) – Classic Minerals Limited (ASX:CLZ) has made significant progress at Kat Gap during the quarter as it strives to become a gold producer.

Highlights of the quarter include:

– Assay results returned for infill RC drilling testing the gap between oxide and deeper fresh rock high-grade gold mineralisation at Kat Gap.

Keep reading... Show less

Rio Tinto commits funding for Jadar lithium project

Rio Tinto has committed $2.4 billion to the Jadar lithium-borates project in Serbia, one of the world’s largest greenfield lithium projects. The project remains subject to receiving all relevant approvals, permits and licences and ongoing engagement with local communities, the Government of Serbia and civil society.

The Jadar project would scale up Rio Tinto’s exposure to battery materials, and demonstrate the company’s commitment to investing capital in a disciplined manner to further strengthen its portfolio for the global energy transition.

Keep reading... Show less

In exceptional market conditions, Rio Tinto achieves record financial results and declares total interim dividend of 561 US cents per share, 75% of underlying earnings

Rio Tinto Chief Executive Jakob Stausholm said “Government stimulus in response to ongoing COVID-19 pressures has driven strong demand for our products at a time of constrained supply resulting in a significant spike in most prices. We focused on safely running our world-class assets and supplying products to our customers. This enabled us, despite operational challenges, to deliver record financial results with free cash flow of $10.2 billion and underlying earnings of $12.2 billion, after taxes and government royalties of $7.3 billion. We are further strengthening the portfolio with our commitment to fund the high-quality Jadar lithium project, which signals our large-scale entry into the fast-growing battery materials market. We will pay an interim dividend of 561 US cents per share, representing 75% of underlying earnings.

“We are making progress on our four priorities, identifying opportunities for operational improvement, advancing our ESG agenda, taking important investment decisions and stepping up our external engagement. We are making real and lasting changes to the way we engage, interact and operate and are committed to ensuring that we have strong and positive relationships wherever we do business. We have identified what we need to do to make Rio Tinto a better company for the long term, with the right teams in place to unleash our full potential.”

Keep reading... Show less

Lake Resources NL Bonus Issue to Shareholders

Sydney, Australia (ABN Newswire) – Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF), in recognition of the support received from its shareholders, wishes to advise that it intends to undertake a bonus issue of options (Bonus Options) to all shareholders with an address in Australia or New Zealand (Eligible Shareholders) at 5:00 pm (Sydney time) on the Record Date (set out in the indicative timetable set out below*).

As the Bonus Options will be issued for nil consideration, Lake is raising no capital from their issue. For every ten (10) shares held at 5:00 pm (Sydney time) on the Record Date, Eligible Shareholders will be issued with one (1) free Bonus Option.

The Bonus Options will have an exercise price $0.35 each, expiring on 15 October 2021 and, if exercised, each will result in the allotment and issue of one (1) fully paid ordinary share in Lake. Lake will not seek listing of the Bonus Options on ASX.

Keep reading... Show less

Lake Resources NL Argentina based Director Strengthens Board

Sydney, Australia (ABN Newswire) – Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) has strengthened its Board, announcing today the appointment of experienced energy/natural resources lawyer, Sra. Amalia Saenz as a Non-Executive Director.

Based in Buenos Aires, Sra. Amalia’s appointment will assist Lake and its local team in Argentina in engaging with local stakeholders and preparing for the development of clean lithium production in Argentina.

Sra. Saenz is a partner at the law firm, Zang, Bergel & Viaes in Buenos Aires, where she leads the firm’s energy and natural resources practice.

Keep reading... Show less

Classic Minerals Limited Quarterly Activities Report

Perth, Australia (ABN Newswire) – Classic Minerals Limited (ASX:CLZ) has made significant progress at Kat Gap during the quarter as it strives to become a gold producer.

Highlights of the quarter include:

– Assay results returned for infill RC drilling testing the gap between oxide and deeper fresh rock high-grade gold mineralisation at Kat Gap.

Keep reading... Show less

Rio Tinto commits funding for Jadar lithium project

Rio Tinto has committed $2.4 billion to the Jadar lithium-borates project in Serbia, one of the world’s largest greenfield lithium projects. The project remains subject to receiving all relevant approvals, permits and licences and ongoing engagement with local communities, the Government of Serbia and civil society.

The Jadar project would scale up Rio Tinto’s exposure to battery materials, and demonstrate the company’s commitment to investing capital in a disciplined manner to further strengthen its portfolio for the global energy transition.

Keep reading... Show less

Lake Resources NL Appoints New CFO

Sydney, Australia (ABN Newswire) – Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) has appointed Peter Neilsen as Chief Financial Officer (CFO). The Company is ramping up its international project funding and development activities.

A key focus of the new CFO will be to guide a panel of international project financiers to successfully secure funding for Lake’s lithium production.

His other key role will be to develop and assist Lake’s team in Argentina to organise development activities and lithium production. He will also serve as joint Company Secretary.

Keep reading... Show less

Top News

Related News