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In 2024, the mining industry's leading ** companies had a total revenue of approximately *** billion U.S. dollars, including trading revenues. In 2025, it is forecast that these leading mining companies will have a total combined revenue of *** billion U.S. dollars. As of 2024, Glencore was the world's leading mining company based on revenue.

Profitability of the global mining industry

While global mining industry revenues remain substantial, mining companies have faced ongoing profitability challenges. The net profit of the world’s top 40 mining companies fell to approximately ** billion U.S. dollars in 2023, down from nearly *** billion U.S. dollars the during the previous two years. This decline is mirrored in the leading global mining companies’ net profit margin, which stood at ** percent in 2023, a significant decrease from the ** percent margin recorded in 2006. These figures underscore the industry's vulnerability to market fluctuations and operational costs. 

Global mining companies’ operational expenses

The mining industry's revenue decline comes amid gradually rising operational expenses. In 2023, the world’s **leading mining companies reported operating expenses of *** billion U.S. dollars, up from *** billion U.S. dollars the previous year. Furthermore, back in 2020, global mining companies' operational expenses amounted to less than *** billion U.S. dollars.