FAQs
What is the best mining company stock to buy? โบ
The best mining stocks to invest in are Barrick Gold, Rio Tinto, and BHP Group. These mining giants have low-cost operations, they focus on precious or industrial metals, and they have strong balance sheets. That puts them in the best position to grow shareholder value over the long term.
Who is bigger BHP or Rio Tinto? โบBHP is the largest ASX company, capped at A$230bn, while Rio Tinto is third at $190bn. For those who were wondering, the second company is CBA (ASX:CBA) which is just over $200bn.
Is Rio Tinto a good stock to buy now? โบRio Tinto has a consensus rating of Moderate Buy, which is based on 10 buy ratings, 5 hold ratings and 0 sell ratings. The average share price target for Rio Tinto is 6,285.71p.
What mining company is backed by Jeff Bezos? โบBill Gates and Jeff Bezos made a bet on mining startup KoBoldโnow they've struck gold. Microsoft founder Bill Gates' venture firm has backed mining unicorn KoBold Metals, which has discovered a huge copper deposit.
What mine makes the most money? โบTop listed uranium producer Cameco's Cigar Lake uranium mine in Saskatchewan takes top spot with ore reserves valued at US$9,105 per tonne, totalling US$4.3 billion. After a six-month pandemic induced halt, Cameco restarted operations at Cigar Lake in April.
Who is BHP merging with? โบWoodside shareholders voted to approve the proposed merger (the Merger) with the petroleum business of BHP Group Limited at the Annual General Meeting on Thursday, 19 May 2022.
Who is the biggest shareholder in BHP? โบBlackRock, Inc. is currently the company's largest shareholder with 7.0% of shares outstanding. Morgan Stanley, Investment Banking and Brokerage Investments is the second largest shareholder owning 5.7% of common stock, and Norges Bank Investment Management holds about 4.5% of the company stock.
Who is Rio Tinto's biggest customer? โบOver more than half a century, China has grown to become Rio Tinto's largest customer with about 250 million tonnes of iron ore shipped each year. Four billion tonnes is enough iron ore to produce the steel needed for about 45,000 Sydney Harbour Bridges, or more than 23,000 Beijing National Stadiums (Bird's Nest).
What is the most profitable resource to mine? โบGold, platinum group metals, lithium, rare earth elements, and copper are among the most profitable minerals to mine.