Mining of iron ores

NACE code 07.10 covers the mining and extraction of iron ores, a critical industry that plays a vital role in the global economy. Iron ore is a fundamental raw material for the production of steel, which is essential for a wide range of industries, from construction and infrastructure to automotive and manufacturing. The mining of iron ores is a significant economic activity, providing employment and contributing to the GDP of many countries around the world.

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 iron ore is extracted from the earth's surface through a series of excavation and drilling processes. Underground mining, on the other hand, is used when the iron ore deposits are located deeper within the earth's crust, requiring specialized equipment and techniques to access and extract the ore.

The main inputs required for the mining of iron ores include heavy machinery and equipment, such as excavators, bulldozers, and drilling rigs, as well as a skilled workforce to operate these machines. Additionally, the industry relies on a steady supply of energy, primarily in the form of diesel fuel, to power the mining equipment. Other key inputs include explosives for blasting, water for processing the ore, and transportation infrastructure to move the extracted iron ore to processing facilities or markets.

The primary output of the mining of iron ores is the iron ore itself, which is then used as a raw material in the production of steel. The iron ore is typically processed and refined before being sold to 24.10 Manufacture of basic iron and steel and of ferro-alloys and 24.51 Casting of iron industries, which are the main consumers of this output. The iron ore industry also generates a range of by-products, such as slag and tailings, which can be used in other industries or for construction purposes.