TOP 10
A list of mining industry top earners , comprising leading CFOs and CEOs , has been compiled by The Bedford Group / TRANSEARCH . Compensation data and insights from 276 mining companies were analysed , including over 1,000 named executive officers and 1,700 board members .
" Despite being negatively impacted by supply chain issues , health & safety related disruptions , and other pandemicrelated market implications , mining is one of the few industries that came out of COVID-19 in excellent financial and operational shape ," said Frank Galati , Managing Partner and Compensation Practice Leader .
" Throughout 2021 , we observed significant upward pressure on mining executive compensation driven by the commodity bull market and the
associated increase in demand for senior leadership and operational talent , combined with a shrinking labour pool ." Upward pressure on commodity prices and precious metals continued through the first half of 2021 and this was reflected in mining company valuations . The top earning executive , Mark Rosenthal , the COO and former Chairman and CEO of MP Materials Corp , received $ 29,043,957 , which is 16.8 % higher than the top paid executive in 2020 .
The commitment to greater diversity for board composition was evidenced in 2021 . Females now represent 20 % ( compared to 16.3 % in the prior year ) of board composition and 10 % of C-suite executive composition ( compared to 8.2 % in the prior year ).
* All figures listed indicate annual compensation . miningglobal . com 91