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The world's top ten mining billionaires in 2013

Editorial
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Forbes has compiled a list of the world'stop 1000 billionaires, and Ferret is cutting that down to show you those in mining that made the cut for 2013.

(All figures in US dollars)


1. (No.32 globally) Alberto Bailleres Gonzalez and family [Mexico] - $18.2 billion

Gonzalez owns a holding company called GroupoBAL, which amongst other things runs Penoles, which is the world's largest producer of refined silver and bismuth, as well as Latin America's largest producer of lead and zinc.


2. (No. 35 globally) Iris Fontbona and family [Chile] - $17.4 billion

Iris Fontbona is the widow of Antonio Luksic, who is the founder of the Luksic Group.

Similar to GroupoBAL, Luksic holds a number of interests in different areas, but predominantly in mining. The group has major holdings in Antofagasta, the UK listed copper miner.

3. (No. 36 globally) Georgina 'Gina' Rinehart [Australia] - $17 billion

Australia's own Gina Rinehart graces the list early on. Gina inherited much of her wealth from her father's company and operations through Hancock Prospecting. The company owns swathes of extremely prospective iron ore tenements throughout the Pilbara, which is now being transformed into the massive Roy Hill mine.

Rinehart also shares in the profits generated by the Hope Downs mine, and also has major stakes in the Alpha Coal and Kevin's Corner coal project in the Galilee Basin.


4. (No. 40 globally) German Larrea Mota-Velasco & family [Mexico] - $16.7 billion

German Lerrea Mota-Velasco is the head of Grupo Mexico, the largest mining corporation in Mexico and the third largest copper producer in the world.

Through its subsidiary Southern Copper it has the largest copper reserves in the world.


5. (No 100 globally) Eike Batista [Brazil] - $10.6 billion

Batista is the chairman of the Brazilian conglomerate EBX Group, which focuses primarily on mining.

The company owns the enormous Minas Gerais iron ore mine in Brazil, which is already in production, and the Mato Grosso do Sul operation through its subsidiary MMX.


6. (No. 123 globally) Iskander Makhmudov [Russia] - $8.7 billion

Uzbek businessman Iksander Makhmudov is the main owner of the Ural Mining and Metallurgical Company.

The company is the second largest copper producer in Russia, and its main focus is a complete copper production chain, from mining to the finished goods.


7. (No. 211 globally) Andrew 'Twiggy' Forrest [Australia] - $5.7 billion

The second Australian on the list, Forrest is the face behind iron ore giant Fortescue Metals Group.

Previously the CEO, Forrest has led the company from its days as a junior into the current Pilbara mining power house it is today, coming on to the scene to catch the first waves of the boom and ride out the crest of record high iron ore prices.


8. (No. 316 globally) Beny Steinmetz [Israel] - $4.1 billion

Steinmetz inherited the Geneva-based Stienmetz Diamond Group from his father, however he has also founded another Geneva-based company, Beny Steinmetz Group Resources (BSGR).

BSGR managed to wrest away control of Simandou blocks 1 and 2 from Rio Tinto in 2008 for exploration, and subsequently entered into a joint venture with Vale on the site.

His companies are predominately focused on diamonds, iron ore, and nickel.

Through  BSGR subsidiary Cunico his company accounts for 10% of global ferronickel production.


9. (No. 395 globally) Anil Agarwal [India] - $3.4 billion

Agarwal is the head of Vedanta Resources.

He established Vedanta in 1986 and since that time has garnered operations across three continents. Its Australian assets include Mt Lyell in Tasmania.


10. (No. 490 globally) Patrice Motsepe [South Africa] - $2.9 billion

Motsepe is a South African mining magnate and the founder and chair of African Rainbow Minerals.

He got his start and exposure to mining running a Spaza shop popular with miners.

He later went to university and specialised in mining law. Motsepe soon bought marginal gold mines from AngloGold, eventually buying a number of operating mines as well.

He also sits on a number of boards, and is the non-executive chairman of Harmony Gold.

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