Metal ore mining industry primarily covers mining of metallic minerals and development of mine sites. It also includes ore dressing, and other beneficiating operations such as crushing, grinding, washing, drying, sintering, concentrating, calcining, and leaching.
The top five companies covered are Rio Tinto Plc, Vale SA, BHP Billiton Ltd., Fortescue Metals Group Ltd. and Barrick Gold Corp. Rio Tinto was the largest company in the metal ore mining market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Ore Mining Market Market Size
The global metal ore mining market was valued at $448 billion in 2017. Asia Pacific was the largest region in the metal ore mining market in 2017, accounting for around 80% of the total market. China was the largest country in the market accounting for around 50% of the total market.
Ore Mining Market Market Trend
The use of robots in the metal ore mining industry is improving the efficiency and productivity of mines and reduces operational costs. Robotics is significantly increasing the mining capabilities by rolling out autonomous trucks and drills, thus reducing the need for human workforce.
Ore Mining Market Market Segmentation
The metal ore mining market in this report is segmented into Gold Ore Mining, Iron Ore Mining, Silver Ore Mining, Uranium Ore Mining, Vanadium Ore Mining, and All Other Metal Ore Mining.
Gold Ore Mining comprises the development of mine sites, mining and beneficiating ores that are valued chiefly for their gold content.
Iron Ore Mining involves the development of mine sites, mining and beneficiating iron ores and manganiferous ores valued chiefly for their iron content.
Silver Ore Mining includes the development of mine sites, mining and beneficiating ores that are valued chiefly for their silver content.
Uranium Ore Mining involves the development of mine site, mining and beneficiating uranium-radium-vanadium ores.
Vanadium Ore Mining comprises organizations engaged in developing the mine site, mining, and/or beneficiating vanadium ores.
All Other Metal Ore Mining includes the development of mine site, mining and beneficiating other metal ores except iron and manganiferous ores valued for their iron content, gold ore, silver ore, uranium, and vanadium ores.