The Canadian Mining Journal has released its list of Canada’s Top 40 mining companies in August, 2012. The top ten spots go to the following: 1) Agrium; 2) Barrick Gold; 3) Suncor Energy; 4) Teck Resources; 5) Potash Corp. of Saskatchewan; 6) Goldcorp; 7) Kinross Gold; 8) Canadian Oil Sands Trust; 9) First Quantum Minerals; and 10) Cameco. As of December 31, 2011, the gross revenue of Agrium was CAD$15.3 billion while Barrick Gold posted revenues of CAD$ 14.2 billion. The two have been trading places in the Top 40 list over the past years. In 2010, it was Barrick that was on top.
In the third spot is Suncor Energy, a bitumen producer, which brought in CAD$12.2 billion last year. Teck Resources, which occupies the fourth spot, posted CAD$11.5 billion in earnings. It is an integrated miner that also derives significant earnings from several by-products, including indium which is used in flat display screens in homes and offices.
Due to its exhaustive efforts to market its products globally, Potash Corporation of Saskatchewan, ranks as the fifth spot with 2011 revenues of CAD$8.6 billion. The company is the world’s largest potash producer. In sixth place is Goldcorp. The strong price of gold propelled this producer to the top 10 from only CAD$3.7 billion revenue in 2010 to gross revenues of CAD$5.3 billion in 2011.
In seventh place is Kinross Gold, a gold and copper producer. It posted revenues of CAD$3.9 billion last year, up from its 2010 gross revenues of nearly CAD$3 billion. At eighth place is Canadian Oil Sands Trust. Mainly because of its Syncrude Project, this bitumen producer raked in CAD$3.875 billion in gross revenues in 2011.
First Quantum Minerals, a copper producer, was in the ninth spot with earnings of CAD$2.6 billion. It also derives substantial by-product income from gold. In tenth place is Cameco, a uranium producer. Despite fears of decreased demand for the metal fueled by the earthquake which hit Japan in March 2011 damaging one of its nuclear power stations, Cameco still brought in revenues of CAD$2.4 billion.
Despite these revenues posted by Canada’s top mining companies, it has been noted that these figures are still far behind the world’s Big 5 miners. BHP Billiton hauled in $67.9 billion, Rio Tinto garnered $60.5 million, and Vale reaped $60.4 billion. Rounding out the short list are Xstrata at $33.9 billion and Anglo American at $30.6 billion.
In the third spot is Suncor Energy, a bitumen producer, which brought in CAD$12.2 billion last year. Teck Resources, which occupies the fourth spot, posted CAD$11.5 billion in earnings. It is an integrated miner that also derives significant earnings from several by-products, including indium which is used in flat display screens in homes and offices.
Due to its exhaustive efforts to market its products globally, Potash Corporation of Saskatchewan, ranks as the fifth spot with 2011 revenues of CAD$8.6 billion. The company is the world’s largest potash producer. In sixth place is Goldcorp. The strong price of gold propelled this producer to the top 10 from only CAD$3.7 billion revenue in 2010 to gross revenues of CAD$5.3 billion in 2011.
In seventh place is Kinross Gold, a gold and copper producer. It posted revenues of CAD$3.9 billion last year, up from its 2010 gross revenues of nearly CAD$3 billion. At eighth place is Canadian Oil Sands Trust. Mainly because of its Syncrude Project, this bitumen producer raked in CAD$3.875 billion in gross revenues in 2011.
First Quantum Minerals, a copper producer, was in the ninth spot with earnings of CAD$2.6 billion. It also derives substantial by-product income from gold. In tenth place is Cameco, a uranium producer. Despite fears of decreased demand for the metal fueled by the earthquake which hit Japan in March 2011 damaging one of its nuclear power stations, Cameco still brought in revenues of CAD$2.4 billion.
The complete Top 40 list, the runners-up, the top revenue gainers, top earners, and other rankings can be found in the Canadian Mining Journal website at
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