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Market capitalization of top mining companies falls nearly 11% on monthly basis

The world's 25 largest mining companies had an aggregate market capitalization of US$623.18 billion at the end of November, with 15 companies posting month-over-month reductions. The November total was down 10.9% from the aggregate US$699.54 billion capitalization of the top 25 companies at the end of October.

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The four largest mining companies retained their end-October rankings, with BHP Group Ltd. topping the list at US$112.44 billion, the only company with a market cap above US$100 billion. Completing the top four are Rio Tinto, Vale SA and Glencore PLC.

PJSC Polyus booked the highest month-over-month increase at 13.9% to a market cap of US$9.51 billion, effectively jumping five spots higher and entering the list as the 24th-largest company. PJSC Norilsk Nickel Co.'s market cap increased 13.6% to US$29.81 billion, climbing two spots higher to fifth place as it bumped Southern Copper Corp. to sixth place. Southern Copper decreased 12.7% to US$27.81 billion.

Australia-based South32 Ltd. saw the largest drop in rankings, going down five spots to 19th place after a month-over-month decrease of 12.0% to US$11.47 billion. Grupo México SAB de CV followed suit, going down three places to the 11th spot with a 10.7% decrease in market cap to US$16.06 billion.

Dropping out of the ranking is steel producer Evraz PLC, which saw a month-over-month decrease of 16.3% to US$8.37 billion, effectively falling from its 23rd spot in end-October to 28th.

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