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As of August 2025, based on market capitalization, BHP Group was the largest mining company headquartered in Africa. As of that period, this company's market capitalization was nearly 130.8 billion U.S. dollars. Glencore PLC ranked second, with a market cap of 47.65 billion U.S. dollars. 

South Africa's mining industry

South African mining companies dominate the African mining industry. In fact, the country has one of the largest mining markets on the continent. South Africa is rich in mineral resources, especially precious metals such as platinum and gold. As of 2024, the country was the leading producer of platinum worldwide, with an output of 120 metric tons. At the same time, South Africa accounted for over 21 percent of the global export trade of platinum in 2023.

Trends in Africa’s mineral sector

Due to the vastness of its mineral resources, Africa plays a key role in the global mining industry. The continent holds significant shares of minerals compared to other world regions. For instance, Africa produced 80.6 percent of the world’s platinum output in 2023 and over 47 percent of the global diamond gem production in the same year. However, despite the large mineral reserves, the continent faces the challenge of increasing its mining production, which also requires greater infrastructural investment.