Top 10: LatAm Mining Companies
10 Newmont Corporation
Operations: Peru and Suriname
Revenue: $11.9bn
US-based Newmont Corporation operates mines in Peru, Suriname, and Argentina. In South America, the company extracts gold, silver, and copper. Its Yanacocha mine in Peru is the largest in the region. Newmont's South American operations contribute significantly to its global portfolio, with Peru being a key focus. The company employs thousands of workers across its South American sites and continues to explore new opportunities in the continent.
Anglo American
Operations: Brazil, Chile, Peru, and Colombia
Revenue: $35bn
Anglo American, based in the UK. The company extracts copper, iron ore, and nickel from mines in Brazil, Chile, and Peru. Its Los Bronces copper mine in Chile is the largest operation in the region. Anglo American's South American assets form a substantial part of its global portfolio, with Chile being a primary focus. The firm employs a workforce of thousands across its South American sites and continues to invest in regional projects.
Southern Copper Corporation
Operations: Peru and Mexico
Revenue: $37.1bn
Southern Copper Corporation, based in the United States, operates mines in Peru and Mexico. In South America, the company focuses on copper extraction in Peru, with additional production of molybdenum, zinc, and silver. Its Toquepala mine in Peru is the largest operation in the region. Southern Copper's Peruvian assets constitute a significant portion of its production capacity. The firm maintains a workforce of thousands in Peru and continues to develop its South American projects to enhance output.
Freeport-McMoRan
Operations: Peru
Revenue: $37.9bn
Freeport-McMoRan, headquartered in the United States, operates in South America with a focus on Peru and Chile. The company's largest mine in the region is Cerro Verde in Peru. Copper is the primary metal extracted from its South American operations, with gold and molybdenum as by-products. Freeport-McMoRan's presence in South America forms a key part of its global portfolio. The firm employs a substantial workforce across its Peruvian and Chilean sites, contributing to local economies.
Vale S.A
Operations: Brazil
Revenue: $42.2bn
Vale SA, headquartered in Brazil, operates extensively across South America. The company's largest mine, Carajás, is located in Brazil's Pará state. Vale extracts iron ore, nickel, copper, and manganese in its South American operations, which span Brazil and neighbouring countries. The firm's Brazilian assets form the core of its global production.
Rio Tinto Group
Operations: Brazil and Chile
Revenue: $54bn
Rio Tinto's primary focus in the LatAm region is copper extraction in Chile, through its stake in the Escondida mine, the largest copper mine globally. It also has exploration projects in Peru and Colombia. While South America is not a core region for Rio Tinto, its Chilean copper assets contribute to the company's global portfolio. The firm continues to assess opportunities for expansion in South America.
BHP Group
Operations: Chile and Peru
Revenue: $59bn
BHP Group, headquartered in Australia, operates primarily in Chile within South America. The company's main focus is copper extraction, with its largest regional asset being the Escondida mine in Chile's Atacama Desert. BHP also produces copper concentrate and cathodes at its Spence operation. The firm's Chilean copper assets form a significant part of its global portfolio.
Glencore
Operations: Bolivia, Chile, Peru and Argentina
Revenue: $219.8bn
Glencore, headquartered in Switzerland, operates mines in Peru, Chile, Argentina, and Bolivia. The company extracts copper, zinc, lead, silver, and gold across its South American sites. Glencore's Antapaccay copper mine in Peru is a key operation in the region. The firm's portfolio includes both open-pit and underground mines. In Chile, Glencore operates the Lomas Bayas copper mine, while in Argentina, it runs the Alumbrera copper and gold mine. The company also maintains zinc and lead operations in Bolivia.
China Shenhua Energy
Operations: Brazil, Chile
Revenue: $46bn
China Shenhua Energy conducts mining operations in South America, focusing on coal and copper extraction in Brazil and Chile. The company’s largest mine in the region is the Moatize coal mine in Brazil. Copper, crucial for electric vehicle production and renewable energy infrastructure, is mined extensively in Chile, ensuring a steady supply of these critical materials for emerging technologies.
China Minmetals Corporation
Operations: Chile
Revenue:$125bn
China Minmetals Corporation operates in South America, focusing on the extraction of copper and zinc. In Peru, the company is involved in significant mining activities, including its largest project, the Las Bambas copper mine. Additionally, it mines zinc in several locations across the continent. These operations are central to China Minmetals' strategy of harnessing South America's rich mineral resources for global supply chains.
