Top 10 Australian mining companies

September 15, 2023

From BHP to Pilbara Minerals, we take a look at the 10 Australian mining companies

Australia has a pivotal role to play in the mining industry, with two major mining organisations originating from Down Under. The industry is booming - the market size, measured by revenue, of Australia's mining industry is $527.2bn in 2023.


Mining Digital takes a look at the top 10 major players within the Australian mining industry.


10. Whitehaven Coal

Market cap: $4.19bn

The dominant player in Australia's only emerging high-quality coal basin, the company operates a total of four mines in the Gunnedah Coal Basin of NSW. The main operating assets are complemented by two high-quality, near-term development assets, being Vickery, near Gunnedah, and Winchester South, in Queensland’s Bowen Basin.


The company helps to power emerging economies throughout Asia, where there is still a strong demand for coal.


9. IGO Ltd.

Market cap: $7.11bn

IGO Ltd (IGO) is a mining company that focuses on the acquisition, exploration, production and development of gold, copper, nickel, zinc, cobalt and silver deposits properties.


IGO owns and operates the Nova nickel-copper-cobalt operation, the Forrestania Nickel operation and the Cosmos Nickel operation - all in Western Australia. In addition, IGO has a stake in a lithium-focused joint venture with partner, Tianqi Lithium Corporation. This venture consists of a 51% stake in the Greenbushes Lithium Mine and a 100% interest in a downstream processing refinery at Kwinana that produces lithium hydroxide that is suitable for use in batteries.


8. Pilbara Minerals

Market cap: $7,8bn

An Australian lithium and tantalite mining company, Pilbara Minerals owns 100% of the world's largest independent hard-rock lithium operation. Founded in 2005, the company has been at the forefront of lithium supply chains, fuelling the clean energy revolution.


Located in Western Australia’s resource-rich Pilbara region, the company's Pilgangoora Project produces a spodumene and tantalite concentrate. 


7. Northern Star Resources

Market cap: $10.58bn

With a main concentration on gold mining, Northern Star Resources has three gold production projects located in Australia and North America. Namely, Kalgoorlie, Yandal and Pogo, which are all within highly-prospective geological settings.


In February of 2021, the company completed a merger with Saracen Minerals to create the only large-cap gold mining company.


6. Mineral Resources

Market cap: $10.40bn

With mining operations across multiple commodities, including iron ore and lithium, Mineral Resources operates throughout Western Australia and the Northern Territory. 


It operates through five segments: Mining services and processing, iron ore, lithium, other commodities, and central.


5. South32

Market cap: $13.74bn

Spun out of BHP Billiton in 2015, South32 is a metals miner, with a concentration on commodities including bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical coal and manganese from our operations in Australia, Southern Africa and South America.


The company achieved its first GHG emissions reduction target of keeping Scope 1 GHG emission below the FY15 baseline.


4. Newcrest Mining

Market cap: $17.55bn

The largest gold producer listed on the Australian Securities Exchange and one of the world's largest gold mining companies, Newcrest's primary gold and copper production in Australia is at Cadia East Ridgeway (Cadia Valley Operations), the second Australian operation being the Telfer Mine in the Pilbara region of Western Australia.


In February 2023, Newmont presented a A$24.4 billion offer for Newcrest Mining but this was rejected by the board of the company due to the deal not representing sufficient value for the company.


3. Fortescue

Market cap: $46.63bn

Established in 2003, Fortescue is one of the lowest cost iron ore producers in the world and is now shipping at an annual rate of over 180 million tonnes with more than 1.7 billion tonnes of iron ore delivered worldwide.


Three mining hubs in the Pilbara in Western Australia are part of the operations. These hubs are connected to five-berth Herb Elliott Port and the Judith Street Harbour towage infrastructure in Port Hedland by the fastest heavy haul railway in the world, which spans 760 kilometers.


Williams Advanced Engineering (WAE) was acquired by Fortescue Future Industries in March 2022. Fortescue and WAE will collaborate on the development of the first-ever electric, zero-emission Infinity Train that uses the Earth's gravitational pull to charge itself. 


2. Rio Tinto

Market cap: $115.74bn

Coming in at number 2 is the leading mining company Rio Tinto. With over 52,000 employees, in 35 countries, the company has been operating for over 150 years. 


The mining giant has operations in around 35 countries, producing copper, aluminium, diamonds, gold, industrial minerals and iron ore. The majority of Rio Tinto's assets are located in North America and Australia, and they also have operations in Europe, Asia, Africa, Central and South America, and Asia.


Following approval from Australia's Foreign Investment Review Board, Rio Tinto completed the acquisition of Rincon Mining's lithium project in Argentina for $825 million in March 2022.


1. BHP

Market cap: $160bn

Needing no introduction, BHP Group comes in at number one. The Australian mining giant works in over 90 locations over six continents, but is mainly concentrated in Australia and Canada. BHP produces essential commodities through their assets, including iron ore, copper, nickel, potash and metallurgical coal. 


BHP aims to achieve net zero operational emissions by 2050. The company has also set value chain goals for 2030 to help tackle Scope 3 emissions by working with partners in the steel and maritime industries, backed with $400mn investment.

In April 2023, BHP took over Oz Minerals in a $9.6 billion deal.


Ken MacKenzie has been a Director of BHP Group Limited since September 2016.


Credit to: www.miningdigital.com


July 8, 2024
Dendra has evolved its aerial seeding technology to the point that it can cover up to 44 hectares per day – a 10-fold increase in just a decade. The Australian mining industry is beginning to understand the gravity of the environmental, social and governance (ESG) movement and what it means for a company’s bottom line. Regulators, investors and other stakeholders are increasingly taking ESG into account when making decisions that affect a mine’s financing and development. Dendra is enabling ESG compliance in the local resources sector by empowering miners and contractors to implement better ecosystem-restoration practices, leading to improved land treatment and relationships with Traditional Owners. As an important component of ecosystem restoration, aerial seeding sees drone fleets disperse various seed types and combinations onto disused mining areas, providing the foundation for ecosystem restoration, reducing erosion hazards, and suppressing the growth of invasive plant species. Aerial seeding usurps traditional ‘boots-on-the-ground’ methods, with drones able to seed larger and harder-to-access areas faster. In fact, Dendra is able to seed up to 44 hectares per day through its current aerial seeding processes – a 10-fold scale increase from a decade ago. Dendra has not only been able to expand the scale of its offerings but also improve the quality of its technology to handle a wider range of seed types. “In Australia, seed types range from grains to grass and everything in between,” Dendra engineering group manager Ashwin Chandrasekaran told Australian Mining. “This is where Dendra comes in – we’ve pioneered new technology that can help spread far more fibrous and difficult seed types. And we do this with a focus on operational safety and efficiency.” Dendra Australia engineering manager Alec Lewandowski said Dendra’s technology is ever evolving. “We are always adapting our system to new seed types,” he told Australian Mining. “When we receive a seed that’s outside of our capability, we perform some R&D (research and development) and get the system working again to a good level. “This is a testament to how our company works; no matter the customer request, we push to make it work.” Dendra sees new capabilities entering the drone technology sector all the time. It’s one thing to adopt a new technology, but it’s another thing to adapt it. “Every year new aircraft enters the market that has more agility or carries heavier weights,” Chandrasekaran said. “Dendra builds a system that can adapt to these aircraft. Just because an aircraft can carry ‘X’ amount of weight doesn’t mean it is better, because you still need to be able to accurately disperse a certain amount of seed per hectare.” The continued expansion of Dendra’s aerial seeding solution reflects both the growth of drone technology over the years and the company’s ability to evolve with that growth and tailor its solutions to current environmental needs. Chandrasekaran said when a mining customer in Western Australia requested its mining operation be seeded by “one of Australia’s most difficult seed types”, Dendra went to work. “The first time we saw the seed, we instantly knew it was going to be a difficult seed to work with; the seed could be compared to a bale of hay,” he said. “But we quickly made some modifications to our system and patented a new technology that focuses on how different seed types can efficiently pass through our system. “We’ve been able to improve our technology little by little, making it more and more efficient, and we’re now at the stage where we’re doing an extensive project. “We started aerial seeding about five hectares for this client. This year we’ll be doing 500 hectares.” Dendra has achieved greater scale and scope with its aerial seeding solution. The company is also changing the way undulating and difficult-to-access terrains can be rehabilitated. “Much of the mining environment is very treacherous terrain – it’s rarely flat,” Chandrasekaran said. “While traditional methods often involve trucks, tractors or teams of people on ground manually completing seeding tasks, this is not possible or safe in many mining landscapes. “This is where our aerial solution comes into effect. There is no terrain we cannot seed, which means we can easily scale because we only need to add more aircraft to increase the size of the area we’re trying to spread. “And even if the terrain is accessible, if you consider the cost per hectare, buying another drone is a lot more economical than buying another tractor to seed the same area.” Dendra makes seeding simple, with the mobility of its unmanned aerial vehicles (UAVs) meaning solutions can be quickly mobilised to a mine site. “Some of the mine sites we work with are so remote that it isn’t always practical to get machinery on-site in a short space of time,” Chandrasekaran said. “But we’re able to quickly deploy our UAVs, go out and complete hundreds of hectares of seeding over a couple of weeks. “We’re efficient, we’re safe, and we’re fully capable of being able to deliver seeding solutions at scale in a short period of time, which saves mining companies a lot of time and money.” While Dendra has already achieved so much with its aerial seeding solution, there is so much more potential for this technology to grow and evolve. Lewandowski said the company is always pushing to achieve greater volume. “The more volume an aircraft can hold, the more seeds you can hold in one flight,” he said. “This means less fly backs, less filling up of the aircraft, which means more spread and more hectares covered per day.” Dendra has a passion for technology and a passion for the environment, two critical linchpins in determining the mining sector’s ESG future.  And as Dendra establishes a stronger presence in the Australian mining sector, the company will continue to drive greater innovation and unearth safer, more efficient and more cost-effective ecosystem restoration practices. Source: https://www.australianmining.com.au/inspired-tech-and-faster-rehabilitation/
July 4, 2024
The MagneW PLUS+ electromagnetic flowmeters from Azbil Corporation are designed to measure every sort of liquid, including water, chemicals, slurries, and corrosive liquids. The standard model has a mirror-smooth PFA (perfluoroalkoxy) liner for excellent adhesion resistance that enables outstanding durability even in long-term use. It is available in an integrated type and a remote type and can be used in a wide range of settings, including explosion-proof and outdoor environments. The Azbil magnetic flowmeters offer the following features: Improved performance and greater stability Suppression of flow noise is 3.5 times that of the conventional model for excellent stability in the presence of noise. Achieves more reliable measurement in individual applications through features such as an excitation frequency change function, an optional auto spike cutoff setting, travel averaging, and manual zero adjustment. Improved factory data memory function to facilitate checking after shipment In addition to the serial number and production date on the product tag plate at shipment, the human machine interface enables checking in maintenance mode. Statuses that may be difficult to read on the product tag plate are backed up as electronic data. High-speed batch function for batch applications A high-speed response function with a damping time constant of 0.1 second can be selected as an option. This enables compatibility with high-speed batch applications, allowing use with a pulse frequency of up to 3000 hertz. Compatible with HART and CommPad communicators as a standard feature Communication with CommPad is supported as in previous models. Communication superimposed on the analogue signal can be used by selecting the HART communicator function.  For further information, contact AMS Instrumentation & Calibration , Azbil’s Australian distributor. Source: https://www.australianmining.com.au/introducing-azbils-new-electromagnetic-flowmeters/