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Investment holding companies, listed private equity or asset management companies are not on the list either. With this ranking IntelligenceMine cast the net relatively widely which also meant well-known companies which are closely associated with mining did not make the cut.

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China is featuring more heavily. All four companies admitted to the list for the first time was from China, pushing out Canada's First Quantum and Teck Resources. China now provides 12 of the top 40 listed mining firms versus six from Canada despite one Chinese firm dropping out.