Mining of iron ores

isic code 0710 covers the mining and extraction of iron ores, a critical raw material for the global steel industry. Iron ore is a vital component in the production of steel, which is essential for a wide range of industries, including construction, automotive, machinery, and infrastructure development. The mining of iron ores plays a crucial role in supporting economic growth and development worldwide.

The mining of iron ores typically involves a combination of surface mining and underground mining techniques. Surface mining, also known as open-pit mining, is the most common method, where the ore is extracted from the earth's surface. Underground mining is used when the ore deposits are located deeper within the earth's crust. Both methods involve drilling, blasting, and the use of heavy machinery to extract and process the iron ore.

The main inputs required for the mining of iron ores include heavy machinery such as excavators, haul trucks, and drilling equipment. Additionally, the industry relies on a range of consumables, such as explosives, fuel, and lubricants. The availability of skilled labor, transportation infrastructure, and access to reliable energy sources are also crucial inputs for the efficient operation of iron ore mining operations.

The primary output of the iron ore mining industry is iron ore, which is then used as a raw material in the production of 2410 Manufacture of basic iron and steel. Iron ore is also an essential input for the manufacture of 2431 Casting of iron and steel and 2599 Manufacture of other fabricated metal products n.e.c.. The iron ore mining industry plays a vital role in supporting the broader 24 Manufacture of basic metals and 25 Manufacture of fabricated metal products, except machinery and equipment sectors.