The MINING.COM Top 50* most valuable mining companies pared much of the losses suffered in the third quarter, adding a combined $86.3 billion in market capitalization over the final three months of 2021, as investors in the sector position for what should be another strong year for the industry.
After peaking mid-year, the total value of the top 50 ended 2021 at just under $1.4 trillion, up around $100 billion since the start of the year and double the market capitalization during March/April 2020 at the height of the pandemic.
Iron will
The Big 3 – BHP, Rio Tinto and Vale – dragged down the index last year, losing a combined $56 billion over the year as the pullback in iron ore prices and a cooling copper market in the latter part of 2021 hammered valuations at the top.
BHP peaked at a valuation of just shy of $200 billion last year, and for a time was worth more than the oil major Royal Dutch Shell, making it the most valuable stock in the UK.
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