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Global Iron Ore Mining: Market Research Report

Global Market Research • Global Market Size • Industry Statistics • Industry Analysis • Industry Trends

Global Iron Ore Mining Market Research Report | May 2014

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Iron Ore Mining global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies globally and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
BHP Billiton BHP Billiton market share
Rio Tinto Rio Tinto market share
Vale Vale market share
Industry Statistics & Forecast
Revenue
$298bn
Annual Growth 09-14
17.7%
Annual Growth 14-19
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Profit
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Employment ('000)
135
Businesses
1,140
Industry Analysis & Industry Trends

The industry weathered a volatile revenue performance over the past five years. Ultimately, though, tremendous price spikes prior to and following the recession offset any declines that occurred over the period. Over the next five years, surging demand from emerging countries will keep demand for iron ore at its current highs, spurring mining companies to ramp up production to capitalize on growing revenue and profit opportunities... read more

Starting a New Business

There are substantial barriers to entry into the Global Iron Ore Mining industry. These include the capital expenditures necessary to undertake exploration programs and fund mine development. Prospective entrants require large amounts of capital (usually several hundred million dollars) to develop or purchase a new mine. Obtaining the rights to operate at a mine owned by a competitor can also be difficult and require large royalties. The number of established players who control most of the high production mines in the world also make it difficult for new entrants, especially if they are small. New players are left to compete by operating at lower-grade mines or processing facilities which have higher operating costs... read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Global Iron Ore Mining Industry?

This industry consists of firms that mine iron-bearing ores (primarily hematite, magnetite and taconite). In addition to ore extraction, mining includes the development of mine sites and the processing of ore mined into a concentrate or pellet form. The iron ore and iron ore pellets are then sold as an input to blast furnace steel production.

Industry Products
Iron ore finesIron ore lumpIron ore pelletsIron ore pellet feed
 
Industry Activities
Mining iron bearing oreProcessing iron bearing ore into pellets


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