Value of top 50 mining companies surge $140 billion in 2017 – by Frik Els (Mining.com – December 20, 2017)

http://www.mining.com/

Heading into 2018 the world’s 50 largest listed firms are worth a collective $896 billion, adding $141 billion in combined market capitalization year-to-date, with the bulk of those gains recorded since July.

Go back to the start of the mining industry’s upswing around 18 months ago and $227 billion of wealth has been created for shareholders of the MINING.com Top 50.

The top 10 make up more than half the sector’s market value and after underperforming the rest of the field during the first half of 2017, the big diversified and base metals companies caught up rapidly.

Of the gains since end-June nearly 65% have accrued to the top 10 largest mining companies. Year-to-date just two companies – Vale and Glencore – constitute 27% of market capitalization growth.

Gold companies have had a tough go of it this year with top producers Newmont Mining and Barrick Gold falling out of the top 10. Newmont overtook Barrick as the world’s most valuable gold miner this year, but was pushed out of the top tier by diversified giant Anglo American which continues to climb the rankings after years in the wilderness.

For the rest of this article: http://www.mining.com/value-top-50-mining-companies-surge-140-billion-2017/

 

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