4 . VALE
3 . RIO TINTO
AUSTRALIA ’ S TOP 10 MINING COMPANIES
reserves and production , as well as using capital efficiently . The March 2015 quarter was characterized by an increase in gold production due to the continued success of Cadia East and increased production from Bonikro and Lihir . ventures and acquisitions . Vale ’ s iron ore production of 7.5 tonnes in the first quarter of 2015 is the highest output for a first quarter in the company ’ s history , as revenues reached US $ 6,358 billion during that stretch .
4 . VALE
A multinational metals and mining corporation , Vale is among the largest logistics operators in Brazil . In addition to being the third-largest mining company in the world , it is also the largest producer of iron ore and pellets , and the secondlargest in nickel . It currently has coal operations in both Australia and China , as the company has found ways to establish itself as a global mining company through joint
3 . RIO TINTO
The British-Australian metals and mining corporation is the second wealthiest company in Australia and second-largest mining company in the world , worth an estimated $ 59.8 billion in 2014 . It ’ s off to a good start in 2015 as well , as its global iron ore shipments of 72.5 million tonnes were nine per cent higher than its first quarter of 2014 , when it doubled profits to US $ 4.4 billion during the first half . Most of Rio ’ s profit comes from iron ore ( about 90 per cent ), but its aluminum and copper operations have also contributed to its increase in revenue .
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