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China’s Zijin Mining Group (HKG: 2899) has become the world’s third-largest mining company by market capitalization, surpassing $100 billion for the first time, closing at 732 billion yuan ($103 billion) on Thursday. This positions Zijin behind BHP (ASX: BHP) and Rio Tinto (ASX: RIO), which have market values of approximately $140 billion and $111 billion, respectively.
Zijin’s ascent to this milestone comes amid record gold prices and copper’s strongest year on record, which contributed to 77% of the company’s first-half revenue. The stock has more than doubled in 2025. Zijin, founded in the 1980s, has expanded its portfolio to include significant copper and gold mines globally, and it is set to launch an IPO for its international gold business, Zijin Gold International Co., next week, aiming to raise $3.2 billion.
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