US $ 29.25bn

A leading gold-focused royalty and streaming company , Franco- Nevada does not operate mines , develop projects or conduct exploration ; it owns and continues to grow an extensive , diversified portfolio of royalties and streams , exposing the company to the exploration and price optionality inherent with geologically favourable properties . In 2020 , Franco-Nevada sold 521,564 goldequivalent ounces ( a 1 % increase over 2019 ), generating US $ 1bn in revenue ( up 21 % YoY ) and reporting an adjusted EBITDA of US $ 839.6mn ( a 25 % increase over 2019 ).

Anglo American Platinum US $ 33.88bn

The world ’ s leading primary producer of Platinum Group Metals ( PGMs ), Anglo American Platinum provides a complete resource-to-market service , supplying a network of global customers with a range of mined , recycled and traded products . Its business is at the heart of the broader South African economic and social landscape , where it is committed to working towards a safe , sustainable , competitive and profitable approach – “ re-imagining mining to improve people ’ s lives ”.