Zijin Mining has made a significant leap on the Forbes 2024 Global 2000 list, securing the 267th spot. The latest ranking of the world’s largest public companies highlights the company’s ascent, moving up 17 positions from last year. Over the past five years, Zijin Mining has surged 511 places, rising from 778th in 2020 to its current standing.

The rankings are based on four equally weighted metrics: revenue, profit, assets, and market value, using financial data from the past year up to May 17.

Global Metals Mining Companies Rankings （US Billion Dollars）

Gold Mining Companies Rankings  (US Billion Dollars)

Among global metals mining companies on the list, Zijin Mining advanced one spot to rank 5th. The top four are Rio Tinto (110), Glencore (115), BHP (116), and Vale (181), with Zijin Mining being the only company among the top five to rise in rank. In the global gold miners category, Zijin Mining continues to hold the 1st position, followed by Barrick (597) and Newmont (784).

Nine companies from Fujian Province were included in the list, as was last year, including leading businesses such as Industrial Bank (82) and CATL (130). Notably, Zijin Mining’s market cap rose to the second highest among Fujian-based companies.

The 2024 list features 621 companies from the United States, marking the highest number since the financial crisis of 2007. China has 366 companies on the list, down from a historical high of 399 in 2022, but still ranks second globally.

The combined market cap of the 2000 companies reached $88 trillion, showing a 19% increase. Their revenue, profit, and total assets also saw slight growth, reaching record highs of $51.7 trillion, $4.5 trillion, and $238 trillion, respectively.

Despite a global economic slowdown and shrinking profits in the mining industry in 2023, Zijin Mining, as a leading miner, achieved continued growth. The company generated an annual revenue of 293.4 billion yuan and a net profit of 21.1 billion yuan, with sustained expansion in the output of its main mineral products. It has become the only company in Asia to surpass the one-million-tonne mark in mined copper output.

Translator:Jian   Reviser:  Li Yuanxing   Editor-in-Chief: Wang Jie