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The world’s top five largest copper mining companies by production in 20201. Codelco – 1.73 million tonnesFounded in 1955 and nationalised in 1971, Santiago-headquartered Corporación Nacional del Cobre de Chile, also known as Codelco, is the world’s top copper mining company.2. BHP – 1.72 million tonnesAnglo-Australian miner BHP ranks highly among the world’s largest copper mining companies, producing 1.72 million tonnes in its 2020 financial year (ending June 2020) – a 2% year-on-year increase.In the 2020 calendar year, its copper production measured 1.68 million tonnes.In partnership with Rio Tinto, BHP is seeking to advance the Resolution Copper project in Arizona, US, which is expected to yield around 18 million tonnes of copper over its planned lifetime.3. Freeport-McMoRan – 1.45 million tonnesHeadquartered in Phoenix, Arizona, US miner Freeport-McMoRan produced 1.45 million tonnes of copper in 2020, a 1.3% year-on-year decline.Its major mining interests include the Grasberg copper-gold deposit in Indonesia – the world’s biggest gold mine – and the Morenci mine in Arizona, which is one of the largest copper deposits in North America.In total, the company operates seven open-pit copper mines in North America, as well as two molybdenum operations. It also has two copper mines in South America – Cerro Verde in Peru and El Abra in Chile. 4. Glencore – 1.26 million tonnesSwiss-headquartered mining and commodity trading company Glencore produced 1.26 million tonnes of copper in 2020 – an 8% decline compared to the previous year.5. Southern Copper – 1 million tonnesFounded in 1952 and currently a subsidiary of Grupo Mexico with headquarters in Mexico City, Southern Copper ranks fifth among the world’s largest copper mining companies.In 2020, it produced just over one million tonnes of the metal, a slight increase on the previous year.
Founded in 1955 and nationalised in 1971, Santiago-headquartered Corporación Nacional del Cobre de Chile, also known as Codelco, is the world’s top copper mining company.
Anglo-Australian miner BHP ranks highly among the world’s largest copper mining companies, producing 1.72 million tonnes in its 2020 financial year (ending June 2020) – a 2% year-on-year increase.
In the 2020 calendar year, its copper production measured 1.68 million tonnes.
In partnership with Rio Tinto, BHP is seeking to advance the Resolution Copper project in Arizona, US, which is expected to yield around 18 million tonnes of copper over its planned lifetime.
3. Freeport-McMoRan – 1.45 million tonnes
Headquartered in Phoenix, Arizona, US miner Freeport-McMoRan produced 1.45 million tonnes of copper in 2020, a 1.3% year-on-year decline.
Its major mining interests include the Grasberg copper-gold deposit in Indonesia – the world’s biggest gold mine – and the Morenci mine in Arizona, which is one of the largest copper deposits in North America.
In total, the company operates seven open-pit copper mines in North America, as well as two molybdenum operations. It also has two copper mines in South America – Cerro Verde in Peru and El Abra in Chile.
4. Glencore – 1.26 million tonnes
Swiss-headquartered mining and commodity trading company Glencore produced 1.26 million tonnes of copper in 2020 – an 8% decline compared to the previous year.
Founded in 1952 and currently a subsidiary of Grupo Mexico with headquarters in Mexico City, Southern Copper ranks fifth among the world’s largest copper mining companies.
In 2020, it produced just over one million tonnes of the metal, a slight increase on the previous year.
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