Iron ore mining is a vital sector producing base materials essential for steel manufacturing. Companies range from larger corporations to smaller ventures, each contributing to a competitive market scene. Typically, these firms extract iron ore, process it into usable forms, and supply it to manufacturers across the globe. Recent trends indicate increasing demands for sustainable and technologically advanced mining practices, as environmental impacts come under scrutiny. Innovations aimed at improving efficiency and reducing carbon footprints are driving the industry's evolution, promising a future focused on responsible mining and enhanced quality of resources.


The iron ore mining companies on this list demonstrate significant operational capacities and geographic diversity. Spanning various continents, most companies range in size with employment numbers from small teams to several thousands. They include well-established firms founded as early as 1954, while newer entrants have emerged in recent years. The specializations range from iron ore extraction to pellet production, catering primarily to the steel industry’s needs, and reflect a commitment to innovation and sustainability in their operations.


Continue reading to discover the top iron ore mining companies.


Top 23 Iron Ore Mining Companies


1. Baffinland

  • Website: baffinland.com
  • Ownership type: Corporate
  • Headquarters: Oakville, Ontario, Canada
  • Employee distribution: Canada 99%
  • Latest funding: February 2011
  • Founded year: 1986
  • Headcount: 501-1000
  • LinkedIn: baffinland-iron-mines-corp-

Baffinland Iron Mines Corporation, based in Oakville, Ontario, is a Canadian mining company that specializes in the extraction of high-grade iron ore from its Mary River operation located in the Qikiqtani region of Nunavut, Canada. Founded in 1986, Baffinland has established itself as a key player in the iron ore industry, producing some of the highest quality direct shipping iron ore globally. The company is jointly owned by The Energy and Minerals Group and ArcelorMittal, which underscores its strategic importance in the supply chain for steel manufacturers. Baffinland is dedicated to operating its mine in a manner that is environmentally and socially responsible, actively engaging with local communities to ensure that its operations benefit all stakeholders involved. The company emphasizes health and safety, environmental stewardship, and respect for Inuit societal values in its business practices, aiming to create a positive impact in the regions where it operates.


2. Samarco

  • Website: samarco.com
  • Ownership type: Private
  • Headquarters: Belo Horizonte, Minas Gerais, Brazil
  • Employee distribution: Brazil 99%
  • Founded year: 1977
  • Headcount: 1001-5000
  • LinkedIn: samarco

Samarco Mineração is a Brazilian mining company established in 1977, headquartered in Belo Horizonte, Minas Gerais. The company is a joint venture between Vale and BHP, focusing on the production of iron ore pellets, which are crucial for steel manufacturing. Samarco operates integrated production facilities in Minas Gerais and Espírito Santo, emphasizing sustainable practices and innovative technologies in their operations. The company primarily serves steel manufacturers, providing them with high-quality raw materials. Following a major incident in 2015, Samarco has been working on recovery and has resumed operations, aiming to rebuild trust with stakeholders and enhance its commitment to safety and environmental responsibility.


3. SNIM (Société nationale industrielle et minière)


Société Nationale Industrielle et Minière (SNIM) is a Mauritanian mining company established in 1974, focusing on the research, exploitation, processing, transport, and export of iron ore. With its deposits located in the Tiris Zemour region, SNIM operates a comprehensive supply chain that includes geological research, mining, and the management of a 700 km railway dedicated to iron ore transport. The company has achieved significant milestones, including surpassing 14 million tons in annual sales for the first time in its history. SNIM also plays a crucial role in the Mauritanian economy, contributing 14% to the state budget and 9% to the national GDP. The company is committed to sustainable development, having received ISO certifications for quality and environmental management. In 2024, SNIM secured $150 million in funding, indicating ongoing investment in its operations and future growth.


4. Assmang Beeshoek

  • Website: assmang.co.za
  • Ownership type: Private
  • Headquarters: Johannesburg, Gauteng, South Africa
  • Employee distribution: South Africa 100%
  • Founded year: 1964
  • Headcount: 501-1000
  • LinkedIn: assmang-beeshoek

Assmang Proprietary Limited, based in Johannesburg, South Africa, is a mining company that specializes in the extraction and production of iron ore and manganese. Founded in 1964, Assmang operates through key divisions, focusing on iron ore mining at the Beeshoek and Khumani mines located in the Northern Cape. The company is a joint venture between Assore and African Rainbow Minerals, both of which are listed on the Johannesburg Stock Exchange. Assmang exports its iron ore primarily to the steel and alloy industries across Asia, Europe, India, and the United States. The company emphasizes sustainable mining practices and community development, investing in local communities and ensuring a safe working environment for its employees. With a workforce of around 182 employees, Assmang continues to play a vital role in the iron ore market, contributing significantly to the local and global supply chains.


5. Roy Hill

  • Website: royhill.com.au
  • Ownership type: Corporate
  • Headquarters: Perth, Western Australia, Australia
  • Employee distribution: Australia 100%
  • Latest funding: December 2016
  • Founded year: 2012
  • Headcount: 1001-5000
  • LinkedIn: roy-hill

Roy Hill is an iron ore mining company based in Perth, Western Australia, founded in 2012. It operates in the Pilbara region, where it has established a significant mining operation that produces 60 million tonnes of iron ore annually, with plans to increase production to 70 million tonnes. The company manages an integrated supply chain that includes mining, processing, rail transport, and a dedicated port facility. Roy Hill primarily serves international markets, supplying high-quality iron ore for steel production. The company is notable for its innovative approach, implementing advanced technologies to optimize operations and enhance safety. With a workforce of over 2,800 employees, Roy Hill is recognized for its contributions to the local economy and community engagement initiatives.


6. CITIC Pacific Mining


CITIC Pacific Mining, based in Perth, Western Australia, specializes in the extraction and processing of magnetite iron ore through its Sino Iron project. Founded in 2006, the company operates one of the largest magnetite mining and processing facilities in Australia, located in the resource-rich Pilbara region. The Sino Iron project produces high-grade iron ore concentrate, primarily catering to steel manufacturers who require quality materials for production. CITIC Pacific Mining emphasizes environmental sustainability, aiming to reduce carbon emissions associated with steelmaking. The company employs approximately 1,500 people directly, with a similar number of contractors, and has made significant contributions to the local economy through job creation and investment in infrastructure. Their operations include advanced processing techniques that enhance the quality of the iron ore, making it a preferred choice for steel production.


7. Eurasian Resources Group

  • Website: eurasianresources.lu
  • Ownership type: Private
  • Headquarters: Luxembourg
  • Employee distribution: Kazakhstan 70%, United Arab Emirates 9%, Netherlands 5%, Other 17%
  • Founded year: 2013
  • Headcount: 10001+
  • LinkedIn: eurasian-resources-group

Eurasian Resources Group (ERG) is a private mining company founded in 2013 and headquartered in Luxembourg. The company specializes in the extraction and production of various metals and minerals, including iron ore, cobalt, copper, and aluminum. With operations spanning Kazakhstan, Brazil, and Central Africa, ERG plays a crucial role in supplying materials essential for industries such as automotive and renewable energy. The company is particularly noted for its high-grade iron ore production, which is vital for steel manufacturing. ERG is committed to sustainability, focusing on ethical sourcing and social investment initiatives, such as building schools and hospitals in the communities where it operates. The company employs over 80,000 people globally, reflecting its significant presence in the mining industry.


8. Vedanta Sesa Goa


Vedanta Sesa Goa, based in Panaji, Goa, India, is a private mining company that has been operational since 1954. It specializes in the production and export of iron ore, pig iron, and metallurgical coke, serving the steel manufacturing industry with vital raw materials. The company operates primarily in India, with significant activities in Goa and Karnataka, and has expanded its reach with a project site in Liberia. Sesa Goa Iron Ore is recognized for its focus on sustainable mining practices and community development initiatives, which include health, education, and infrastructure projects. The company is also involved in value-added businesses, producing pig iron and metallurgical coke, and is committed to maintaining high standards in health, safety, and environmental management.


9. Atlas Iron Pty Ltd

  • Website: atlasiron.com.au
  • Ownership type: Corporate
  • Headquarters: West Perth, Western Australia, Australia
  • Employee distribution: Australia 100%
  • Latest funding: April 2018
  • Founded year: 2004
  • Headcount: 51-200
  • LinkedIn: atlas-iron-pty-ltd

Atlas Iron Pty Ltd, founded in 2004 and based in West Perth, Western Australia, is a mining company focused on the extraction and export of iron ore from the Pilbara region. The company operates several projects, including the Mt Webber, Sanjiv Ridge, and Miralga Creek mines, and has a production capacity of approximately 9 million tonnes per annum. Atlas Iron is known for its commitment to sustainable mining practices and community engagement, working closely with local stakeholders and traditional owners. The company exports high-quality iron ore products, such as Atlas Fines and Atlas Lump, primarily to steel mills in Asia. As part of Hancock Prospecting, Atlas Iron benefits from a strong partnership that enhances its operational capabilities and market reach. The company has not reported any recent funding, indicating a stable operational model without reliance on external financial support.


10. Sree Metaliks Ltd.

  • Website: sreemetaliks.com
  • Ownership type: Private
  • Headquarters: Barbil, Odisha, India
  • Employee distribution: India 100%
  • Founded year: 1995
  • Headcount: 1001-5000
  • LinkedIn: sree-metaliks-ltd-

Sree Metaliks Ltd. is a private company based in Barbil, Odisha, India, founded in 1995. It specializes in the mining and manufacturing of high-quality iron ore and steel products. The company operates its own iron ore mines, particularly in the Keonjhar district, and has a production capacity of 1.8 million tonnes per annum (MTPA) for iron ore. Sree Metaliks also produces a variety of steel products, including sponge iron, billets, TMT bars, and pig iron, catering to the construction and manufacturing sectors. The company emphasizes sustainable mining practices and adheres to environmental standards, aiming to minimize its ecological footprint while meeting the demands of the steel industry. With a workforce of over 300 employees, Sree Metaliks is committed to innovation and customer satisfaction, positioning itself as a reliable supplier in the iron and steel market.


11. Quebec Iron Ore Inc.

  • Website: mineraiferquebec.com
  • Ownership type: Corporate
  • Headquarters: Montreal, Quebec, Canada
  • Employee distribution: Canada 100%
  • Latest funding: $211.0M, May 2019
  • Founded year: 2015
  • Headcount: 1001-5000
  • LinkedIn: quebec-iron-ore

Quebec Iron Ore Inc. is a Montreal-based mining company that specializes in the extraction and production of high-quality iron ore from the Lac Bloom project located in Quebec. Established in 2015, the company has quickly positioned itself as a significant player in the iron ore market. Quebec Iron Ore produces iron ore with a purity exceeding 66%, catering primarily to the steel manufacturing and construction sectors. The company is committed to sustainable practices and actively engages in community partnerships, reflecting a strong corporate social responsibility ethos. With a workforce of approximately 635 employees, Quebec Iron Ore is focused on operational excellence and aims to expand its production capabilities, having already outlined plans for future growth. The company has also secured substantial funding, amounting to $211 million in 2019, which supports its ongoing projects and operational strategies.


12. Tacora Resources Inc.

  • Website: tacoraresources.com
  • Ownership type: Private Equity
  • Headquarters: Wabush, Newfoundland And Labrador, Canada
  • Employee distribution: Canada 99%
  • Latest funding: Other (Debt), $1.2M, June 2023
  • Founded year: 2019
  • Headcount: 201-500
  • LinkedIn: tacoraresources

Tacora Resources Inc. is a private equity-backed mining company based in Wabush, Newfoundland and Labrador, Canada. Established in 2019, the company is dedicated to the production of high-grade iron ore, operating the Scully Mine, which has a capacity of 6 million tonnes per year. Tacora serves a global customer base, supplying iron ore to markets in Europe, the Middle East, and Asia. The company emphasizes sustainable mining practices and aims to produce iron ore that meets the highest environmental standards. In June 2023, Tacora secured $1.25 million in debt funding, indicating ongoing investment in its operations and growth. Tacora's commitment to community involvement and equitable employment practices further solidifies its role in the mining industry, making it a significant player in the iron ore market.


13. Sundance Resources LTD


Sundance Resources LTD is an iron ore mining company based in Perth, Western Australia. Founded in 2003, the company is primarily focused on the development of the Mbalam-Nabeba Iron Ore Project, which spans the border between Cameroon and the Republic of Congo. This project is designed to produce high-grade iron ore, with plans for an initial output of 40 million tonnes per annum (Mtpa) of Direct Shipping Ore (DSO) for approximately 12 years, followed by an additional 15 years of production from Itabirite hematite concentrate. Sundance has established an integrated mine, rail, and port infrastructure to support its operations, aiming to create a significant iron ore production hub in the region. The company has a management team with extensive experience in mining and project development, particularly in Africa, which positions them to navigate the complexities of the industry. Despite being delisted from the ASX, Sundance continues to pursue its strategic goals in iron ore production.


14. ArcelorMittal Mining Canada G.P. / ArcelorMittal Infrastructure Canada G.P.


ArcelorMittal Mining Canada G.P. / ArcelorMittal Infrastructure Canada G.P. operates primarily in the iron ore mining sector, focusing on the production of iron ore concentrate and pellets. Founded in 1957 and based in Longueuil, Quebec, the company plays a vital role in the local economy, being the largest employer in the Côte-Nord region. With a production capacity exceeding 26 million tonnes of iron ore concentrate annually, they cater to the steel industry across multiple continents, including Europe, America, and Asia. Their commitment to sustainable mining practices is evident through their adherence to ISO 14001 standards and initiatives aimed at reducing environmental impact. The company also emphasizes community engagement, supporting various local organizations and initiatives. Their mining operations, particularly at the Mont-Wright site, are recognized for their quality and efficiency, making them a key supplier in the global iron ore market.


15. Zamin Resources Limited

  • Website: zamin.com
  • Ownership type: Private
  • Headquarters: London, England, United Kingdom (UK)
  • Employee distribution: Indonesia 33%, Brazil 33%, United Kingdom (UK) 11%, Other 23%
  • Founded year: 2004
  • Headcount: 201-500
  • LinkedIn: zamin-resources-limited

Zamin Resources Limited, based in London, is a private mining company founded in 2004. The firm specializes in the exploration, development, and production of high-grade iron ore, catering primarily to the steel industry. Zamin operates internationally, with significant projects in Brazil and Uruguay, and is currently developing a major direct reduced iron (DRI) project in Sweden. The company is committed to sustainable mining practices, aiming to minimize its carbon footprint while supporting the steel industry's transition to greener operations. Zamin's projects, such as the Bamin project in Brazil and the Valentines project in Uruguay, showcase their capacity to produce substantial quantities of high-grade iron ore concentrate. Their focus on sustainability and community engagement reflects a modern approach to mining, aligning with the industry's evolving demands.


16. Karara Mining Limited

  • Website: kararamining.com.au
  • Ownership type: Private
  • Headquarters: Perth, Western Australia, Australia
  • Employee distribution: Australia 98%, United States (USA) 2%
  • Founded year: 2007
  • Headcount: 201-500
  • LinkedIn: karara-mining-ltd

Karara Mining Limited, established in 2007, is a private mining company based in Perth, Western Australia. It operates the Karara mine, which is recognized as the largest magnetite mining operation in the Mid-West region. The company produces high-grade magnetite concentrate, with iron content ranging from 66% to 68%, primarily for export to steelmakers. Karara's production capacity is designed to reach 8 million tonnes per annum, contributing significantly to the iron ore supply chain. The company is a joint venture between China's Ansteel Group and Gindalbie Metals Limited, with Ansteel holding a majority stake. This partnership not only provides financial backing but also ensures a steady demand for Karara's products. The company is committed to sustainable practices and actively engages with local communities, aiming to create long-term benefits in the region. With a mine life projected to exceed 30 years, Karara Mining Limited is positioned as a key player in the iron ore industry, focusing on innovation and operational efficiency.


17. Itaminas

  • Website: itaminas.com.br
  • Ownership type: Private
  • Headquarters: Sarzedo, Minas Gerais, Brazil
  • Employee distribution: Brazil 100%
  • Founded year: 1958
  • Headcount: 501-1000
  • LinkedIn: itaminasminerios

Itaminas, officially known as Itaminas Comércio de Minérios S/A, is a private mining company based in Sarzedo, Minas Gerais, Brazil. Established in 1958, Itaminas specializes in the extraction of iron ore, primarily serving the steel industry. The company prides itself on delivering high-quality iron ore while maintaining a strong commitment to environmental sustainability. Itaminas actively engages with the local community through various social projects and initiatives aimed at improving quality of life. Their operations are characterized by a focus on safety and environmental stewardship, including the management of tailings and the rehabilitation of mining sites. The company also invests in community development through educational and cultural programs, reflecting its dedication to social responsibility.


18. Bemisa Holding S.A.


Bemisa Holding S.A., founded in 2007 and based in Rio de Janeiro, Brazil, is a private mining company dedicated to exploring, developing, and operating mineral assets across the country. With a workforce of around 1,100 employees, Bemisa is involved in various mineral projects, including iron ore and gold. The company operates the Baratinha mine in Minas Gerais, which produces about 2.5 million tons of high-grade iron ore annually. This operation is complemented by other projects in different stages of development, showcasing their commitment to the mining sector. Bemisa emphasizes sustainable practices and community engagement, aiming to generate socioeconomic development in the regions where they operate. Their focus on iron ore, alongside their operational capabilities and commitment to responsible mining, underscores their role in the industry.


19. Assore Group

  • Website: assore.com
  • Ownership type: Private
  • Headquarters: Sandton, Gauteng, South Africa
  • Employee distribution: South Africa 97%, United Kingdom (UK) 3%
  • Founded year: 1927
  • Headcount: 10001+
  • LinkedIn: assore-ltd

Assore Group, based in Sandton, Gauteng, South Africa, is a private mining company founded in 1927. The company is primarily engaged in the extraction and supply of base minerals and metals, including manganese, iron, and chrome ores. Assore operates through various joint ventures and subsidiaries, with a notable 50% stake in Assmang Limited, which is a key player in iron ore mining. The company has a strong commitment to sustainable mining practices and serves a wide range of businesses in the manufacturing and industrial sectors, providing essential raw materials for production. Assore's operations include the Beeshoek and Khumani iron ore mines, which contribute significantly to its portfolio. With a workforce of over 12,000 employees, Assore continues to maintain a significant presence in the global market for minerals.


20. Hancock Prospecting


Hancock Prospecting Pty Ltd, based in Perth, Western Australia, is a privately owned mining and agriculture company founded in 1955. The company has a strong focus on iron ore mining, with its flagship project being the Roy Hill mine, which produces 55 million tonnes of iron ore annually. Hancock Prospecting has a rich history in the Pilbara region, where it has been involved in iron ore exploration and production for decades. The company was founded by Lang Hancock, who is credited with discovering iron ore in the region. Today, under the leadership of Gina Rinehart, Hancock Prospecting continues to thrive in the mining sector while also engaging in agricultural ventures, including beef and dairy production. The company is recognized for its commitment to mining and has made significant investments in its operations, ensuring its relevance in the iron ore market.


21. Sabanour Mining and Industrial Development Company

  • Website: sabanour.com
  • Ownership type: Private
  • Headquarters: Tehran, Tehran, Iran
  • Employee distribution: Iran 100%
  • Founded year: 1997
  • Headcount: 501-1000
  • LinkedIn: sabanour

Sabanour Mining and Industrial Development Company, based in Tehran, Iran, is a private mining firm established in 1997. The company specializes in the extraction and processing of iron ore, producing iron concentrate and pellets primarily for steel manufacturing. Sabanour operates significant mining sites in the provinces of Hamadan and Kurdistan, where it has developed a reputation as one of the top ten iron ore producers in Iran. The company is committed to enhancing its production capabilities, with plans to expand its operations and increase output. Sabanour's facilities include two processing plants for iron concentrate and pellets, ensuring a continuous supply chain from mining to production. The company is also focused on quality control, having received certifications for its operational standards. With ongoing projects aimed at increasing production capacity, Sabanour is positioned to remain a relevant player in the iron ore sector.


22. Fortescue Future Industries

  • Website: ffi.com.au
  • Ownership type: Private
  • Headquarters: East Perth, Western Australia, Australia
  • Employee distribution: Argentina 67%, China 33%
  • Founded year: 2020
  • Headcount: 1001-5000
  • LinkedIn: fortescue-future-industries

Fortescue Future Industries, established in 2020 and based in East Perth, Western Australia, is an integrated mining and energy company. It specializes in iron ore production while also focusing on green energy solutions. The company operates extensive iron ore operations in the Pilbara region, where it ships more than 190 million tonnes of iron ore annually. Fortescue is recognized for its commitment to sustainable practices, aiming to decarbonize its operations and invest in renewable energy technologies. Their projects span globally, including initiatives in Argentina, Brazil, and Canada, showcasing their ambition to expand beyond traditional mining. Fortescue's innovative approach and focus on environmental responsibility position it as a notable entity in the iron ore industry.


23. Sydvaranger

  • Website: sydvaranger.com
  • Ownership type: Corporate
  • Headquarters: Kirkenes, Finnmark, Norway
  • Employee distribution: Norway 100%
  • Latest funding: June 2023
  • Founded year: 2016
  • Headcount: 11-50
  • LinkedIn: sydvaranger

Sydvaranger is an iron ore mining company based in Kirkenes, Finnmark, Norway. Founded in 2016, the company has a rich mining history dating back to the discovery of iron ore deposits in 1866. Sydvaranger specializes in the extraction of ultra-high-grade direct reduction magnetite concentrate and iron pellets, catering primarily to the steel industry. The company is currently focused on preparing for the restart of its mining operations, which were previously active until 2015. Recently, Sydvaranger was acquired by GRANGEX, which aims to revitalize the mine and enhance its production capabilities. The company has established an offtake agreement with Anglo American, ensuring a market for its products as it seeks to support the transition to more sustainable steel production methods. With a dedicated workforce and a strategic vision, Sydvaranger is poised to play a significant role in the iron ore market.



Iron Ore Mining Insights: Key Companies


CompanyHeadquarterSizeFoundedOwnership
BaffinlandOakville, Ontario, Canada501-10001986Corporate
SamarcoBelo Horizonte, Minas Gerais, Brazil1001-50001977Private
SNIM (Société nationale industrielle et minière)Nouadhibou, Dakhlet Nouadhibou, Mauritania5001-100001974Private
Assmang BeeshoekJohannesburg, Gauteng, South Africa501-10001964Private
Roy HillPerth, Western Australia, Australia1001-50002012Corporate
CITIC Pacific MiningPerth, Western Australia, Australia1001-50002006Private
Eurasian Resources GroupLuxembourg10001+2013Private
Vedanta Sesa GoaPanaji, Goa, India5001-100001954Private
Atlas Iron Pty LtdWest Perth, Western Australia, Australia51-2002004Corporate
Sree Metaliks Ltd.Barbil, Odisha, India1001-50001995Private
Quebec Iron Ore Inc.Montreal, Quebec, Canada1001-50002015Corporate
Tacora Resources Inc.Wabush, Newfoundland And Labrador, Canada201-5002019Private Equity
Sundance Resources LTDPerth, Western Australia, Australia51-2002003Private
ArcelorMittal Mining Canada G.P. / ArcelorMittal Infrastructure Canada G.P.Longueuil, Quebec, Canada1001-50001957Private
Zamin Resources LimitedLondon, England, United Kingdom (UK)201-5002004Private
Karara Mining LimitedPerth, Western Australia, Australia201-5002007Private
ItaminasSarzedo, Minas Gerais, Brazil501-10001958Private
Bemisa Holding S.A.Rio De Janeiro, Rio De Janeiro, Brazil1001-50002007Private
Assore GroupSandton, Gauteng, South Africa10001+1927Private
Hancock ProspectingPerth, Western Australia, Australia5001-100001955Corporate
Sabanour Mining and Industrial Development CompanyTehran, Tehran, Iran501-10001997Private
Fortescue Future IndustriesEast Perth, Western Australia, Australia1001-50002020Private
SydvarangerKirkenes, Finnmark, Norway11-502016Corporate


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