The growth of China's mining industry shows no sign of slowing down. Despite a slowing economy and the continuing trade war with the United States, the Chinese steel industry shows signs of being resilient. In 2020, China produces about half of the world's steel and imports more than 70% of the world’s seaborne iron ore. The country also produces around 90% of the world’s rare earth metals. Minerals from the mining industry in China are used to make everything from iPhones to missiles, in addition to numerous other goods that the American consumer and the U.S. economy rely on.

All nine of the biggest Chinese mining companies are included in the list of the 40 largest mining companies in the world. The stocks of these companies trade on the Hong Kong Stock Exchange or the Shanghai Stock Exchange.

Key Takeaways

  • Despite a slowing economy and the continuing trade war with the United States, the Chinese mining industry continues to experience growth.
  • China produces about half of the world's steel, imports more than 70% of the world’s seaborne iron ore, and produces around 90% of the world’s rare earth metals.
  • All nine of the biggest Chinese mining companies are included in the list of the 40 largest mining companies in the world.

China Shenhua Energy Co., Ltd.

China Shenhua is an integrated energy company that operates primarily through its coal division. The company operates several coal mines and is involved in the production and transportation of coal and coal products. Its revenue for the twelve months ending on March 31, 2019 was $27.222 billion, a 96.05% increase year-over-year. Its annual revenue for 2018 was $39.9 billion, an 8.4% increase from 2017. The company's net income for 2018 was $6.66 billion, a 5.7% decline from 2017.

China Coal Energy Co., Ltd.

China Coal Energy Company Limited mines and processes coal products. They produce thermal coal and coking coal products, and also conducts coal chemicals production, coal mining equipment manufacturing, pit mouth power generation, and coal mine design businesses. For the third quarter of 2019, the company's revenue was $33.2 billion. Their revenue for 2018 was $104.14 billion and their net income was $3.43 billion for 2018.

Zijin Mining Group Co., Ltd.

Zijin Mining Group is principally involved in gold mining and smelting, although the company also mines for copper, lead, zinc, silver, and iron products in smaller quantities. For the third quarter of 2019, the company's revenue was $34.42 billion. Their revenue for 2018 was $105.99 billion and their net income was $4.09 billion for 2018.

China Northern Rare Earth Group High-Tech Co., Ltd.

China Northern Rare Earth Group, formerly known as the Inner Mongolia Baotou Steel Rare Group, is engaged in producing rare earth metals, oxides, and salts. China Northern Rare Earth Group has a market capitalization of $36.73 billion. For the third quarter of 2019, the company's revenue was $5.56 billion. Their revenue for 2018 was $13.95 billion and their net income was $583.79 million for 2018.

Jiangxi Copper Co., Ltd.

Jiangxi Copper is one of China's largest copper producers. They manufacture and distribute copper products and produce copper cathode and other copper products. Jiangxi Copper also operates minerals development, finance, investment, trade, logistics, and other businesses. For the third quarter of 2019, the company's revenue was $5.56 billion. Their revenue for 2018 was $13.95 billion and their net income was $583.79 million for 2018.

Shaanxi Coal and Chemical Industry Group Co., Ltd. 

Shaanxi Coal and Chemical mines, processes, and sells coal products. They also produce long flame coal, caking coal, noncaking coal, gas coal, lump coal, washed coal, coal chemicals, and other products. The company also operates coal distribution and transportation businesses. Their revenue for 2018 was $57.22 billion and their net income was $10.99 billion for 2018.

China Molybdenum Co., Ltd.

China Molybdenum is a mineral mining and exploration company. They mine for molybdenum, tungsten, niobium, cobalt, copper, and more. For the third quarter of 2019, the company's revenue was $23.43 billion. Their revenue for 2018 was $25.96 billion and their net income was $4.63 billion for 2018.

Shandong Gold Mining Co., Ltd.

Shandong Gold Mining operates gold mining and production businesses. They provide gold exploration, processing, and outsourcing of gold smelting services. They also operate gold jewelry purification and non-ferrous metal production businesses. For the third quarter of 2019, the company's revenue was $23.43 billion. Their revenue for 2018 was $54.78 billion and their net income was $875.73 million for 2018.

Yanzhou Coal Mining Co., Ltd.

Yanzhou Coal Mining Company Limited operates coal businesses. The Company produces fine coal, blown coal, power coal, and coal chemical products. Yanzhou Coal Mining also operates power generation, railway transport, machinery manufacturing, and heating businesses. For the third quarter of 2019, the company's revenue was $44.63 billion. Their revenue for 2018 was $67.44 billion and their net income was $9.18 billion for 2018.