Leading metals and mining companies Australia 2024, by market capitalization

BHP Group Limited led the metals and mining companies listed on the Australian Securities Exchange as of December 2024, with a market capitalization of over 206 billion Australian dollars. BHP (formerly known as BHP Billiton) is a British-Australian mining company, with its major headquarters in London and Melbourne. It is one of the leading mining companies in the world. 

Mining company BHP

BHP is a global mining, metals, and petroleum company with operations in Australia, North America, South America, and the U.K. In the fiscal year 2024, BHP’s revenue reached 55.6 billion U.S. dollars. The profit of BHP was reported at over 9.6 billion U.S. dollars in the same year. The company primarily focuses on the extraction of coal, copper, iron ore, and petroleum. BHP's iron ore segment had the highest revenue at over 27 billion U.S. dollars in the fiscal year 2024. 

Mining in Australia 

Mining is one of Australia’s largest industries, and the country plays a crucial role in the trade of mining commodities. The value added by the mining industry in Australia exceeded 350 billion Australian dollars in 2023. Furthermore, the mining industry provides employment opportunities to over 200 thousand people in Australia. Australia’s role in the mining industry is expected to continue to grow, particularly in Asia, due to its vast resources, proximity, and willingness to participate in the global marketplace.