TOP 10 MINING COMPANIES IN AFRICA

from CEO Business Africa June 2022

COUNTRY FOCUS: NAMIBIA Covered by desert but rich in minerals

01 ANGLO AMERICAN PLATINUM MAIN MINERAL: PLATINUM

At number one is Anglo American Platinum, the world's largest primary producer of platinum, accounting for about 38% of the world's annual supply. Based in South Africa, most of the group's operations are in Johannesburg. It also produces base metals, and gold. A majority of the company's operations take place in the Bushveld Igneous Complex, a large region that contains a range of mineral commodities including chromium, vanadium, titaniferous magnetite and platinum group metals. It has a market capitalization of US$24.56 billion.

Kumba Iron Ore is the fourth largest iron-ore producer in the world and the largest in Africa. Located in South Africa, the company has a market capitalization of US$10.01billion and reported revenues of US$6.64 billion in 2021. It owns 74% shares in Sishen Iron Ore Company, the owner of Thabazimbi, Sishen and Kolomela iron ore mines.

Impala Platinum Holdings Limited or Implats is a South African holding company that owns several companies which operate mines that produce platinum and platinum group metals, as well as nickel, copper and cobalt. The Company also holds interest in Two Rivers Platinum Proprietary Limited (Two Rivers) and Mimosa Investments Limited (Mimosa). The Company's operations in South Africa include Impala, Marula and Two Rivers. The Company's operations in Zimbabwe include Zimplats and Mimosa. It has a market capitalization of US$9.33 billion.

Gold Fields Limited is one of the world's largest gold mining firms. Headquartered in Johannesburg, South Africa, the company has a market capitalization of US$8.98 billion and reported revenues of US$4.195 billion in 2021. The company owns and operates mines in South Africa, Ghana, Australia and Peru. In Africa, it operates the Tarkwa Gold Mine, Damang Gold Mine and Asanko Gold Mine, all in Ghana, and South Deep Gold Mine in South Africa.

Sibanye-Stillwater is one of the largest primary producers of platinum, second largest primary producer of palladium and third largest producer of gold. It has a diverse portfolio of platinum group metal (PGM) operations in the United States and Southern Africa, gold operations and projects in South Africa, and copper, gold and PGM exploration properties in North and South America. Its market capitalization is US$7.80 and reported revenues of US$10.83 billion in 2021.

02 KUMBA IRON ORE MAIN MINERAL: IRON ORE

03 IMPALA PLATINUM HOLDING (IMPLATS) MAIN MINERAL: PLATINUM

04 GOLD FIELDS LIMITED MAIN MINERAL: GOLD

05 SIBANYE STILLWATER MAIN MINERAL: PLATINUM, GOLD

06 ANGLOGOLD ASHANTI MAIN MINERAL: GOLD

Headquartered in Johannesburg, AngloGold Ashanti has 21 operations in 10 countries on four continents, and several exploration programmes in the established and new gold producing regions of the world. Its operations comprise of open-pit and underground mines and surface metallurgical plants. 2021 revenues for the company amounted to US$4.029 billion while its market capitalization in 2022 stood at US$6.8 billion.

Exxaro Resources is a large coal and heavy minerals mining company in South Africa. The company operates facilities and offices in Africa, Asia, Europe and Australia. It has interest in coal, mineral sands, ferrous and energy markets. It operates the Mafube, Grootegeluk, Leeuwpan and Matla mines, Dorstfontein Complex, and Forzando Complex. Headquartered in Centurion, Gauteng, South Africa, the company has a market capitalization of US$4.4 billion. Revenues for 2021 amounted to US$2.04 billion.

Northam Platinum is an independent, fully empowered, mid-tier, integrated Platinum Group Metals (PGM) producer with two primary operating assets, the Zondereinde and Booysendal mines in the South African Bushveld Complex. It is headquartered in Midrand, Gauteng, South Africa. Northam’s three main products mined are platinum, palladium and rhodium and has a market capitalization of US$4.3 billion. 2021 revenues stood at US$2.03 billion.

African Rainbow Minerals (ARM) is a leading South African diversified mining and minerals company with operations in South Africa, Zambia, Zimbabwe and Malaysia. It has interest in a wide range of mines, including platinum and platinum group metals, iron, coal, copper, and gold. It operates the Goedgevonden coalmine in Witbank. The company has a market capitalization of US$3.02 billion. And recorded revenues of US$810 million in 2021.

Wrapping Africa largest mining company top 10 list is Royal Bafokeny Platinum, a South African based mining company. The mid-tier platinum group metals producer that mainly operates in the he North West province of South Africa. The company has a market capitalization of US$2.7 billion and reported revenues of US$1.02 billion in 2021.