Mining of iron ores
NACE v2.0 Code: B07.10
About mining of iron ores
NACE code 07.10 covers the mining and extraction of iron ores, a critical raw material for the global steel industry. Iron ore is a fundamental input 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 plays a vital role in supporting economic development and growth across numerous sectors.
Production process
The mining of iron ores typically involves a combination of surface mining (open-pit or open-cast mining) and underground mining techniques. Surface mining is often the preferred method, as it allows for the extraction of large, accessible deposits. This process involves the removal of the overlying soil and rock (overburden) to expose the iron ore deposits, which are then extracted using heavy machinery such as excavators and haul trucks. Underground mining is used for deeper or more complex deposits, where the ore is accessed through shafts and tunnels.
Production inputs
The primary inputs required for the mining of iron ores include the iron ore deposits themselves, as well as various mining equipment and machinery, such as excavators, haul trucks, and drilling rigs. Additionally, the industry relies on a skilled workforce, including geologists, mining engineers, and equipment operators, as well as supporting infrastructure, such as transportation networks and energy sources.
Production outputs
The primary output of the iron ore mining industry is the iron ore itself, which is then consumed by the 24.10 Steel production industry to produce various steel products. These steel products are then used in a wide range of applications, including 41.20 Construction of residential and non-residential buildings, 42.11 Construction of roads and motorways, and 29.10 Manufacture of motor vehicles.
Revisions to 07.10
Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 07.10. The most recent 1 version of this code (07.10) is in the NACE v2.1 system:
This page shows a legacy version of code 07.10 ( NACE v2.0).
Newer versions
- NACE v2.1 (Latest revision):
Related Tariff Codes (HS / Harmonized System)
These HS codes are related to this econ code: (07.10).
HS code | HS year | HS title |
---|---|---|
260111 | HS v2017 | Iron ores and concentrates; non-agglomerated |
260112 | HS v2017 | Iron ores and concentrates; agglomerated (excluding roasted iron pyrites) |
Related ISIC Codes
These isic codes are related to this econ code: (07.10).
ISIC code | ISIC Version | ISIC title |
---|---|---|
0710 | ISIC v4.0 | Mining of iron ores |
Related CPC Codes
These CPC codes are related to this econ code: (07.10).
CPC code | CPC Version | CPC title |
---|---|---|
14100 | CPC v2.1 | Iron ores and concentrates, other than roasted iron pyrites |
86229 | CPC v2.1 | Other mining services on resources owned by others |
Family tree for mining of iron ores
graph LR A["<a href='/classifications/nace/v2/B'>B: MINING AND QUARRYING</a>"] A --> B["<a href='/classifications/nace/v2/B/07'>07: Mining of metal ores</a>"] B --> C["<a href='/classifications/nace/v2/B/07/1'>07.1: Mining of iron ores</a>"] C --> D["<a href='/classifications/nace/v2/B/07/10'>07.10: Mining of iron ores</a>"] %% Color coordination by level classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px %% Apply classes class A level1 class B level2 class C level3 class D level4 class D highlight %% class A level1 %% class B,C level2 %% class D,E,F,G,H,I level2 %% class J,K,L,M,N,O,P level3 %% class D highlight