The iron ore mining industry in the United States is a vital force in the nation’s economy. These companies play a significant role in supplying essential raw materials for the production of steel and various other products. This article will provide an overview of the top 10 iron ore mining companies in the US, including key details such as sector, year founded, annual revenue, and a brief description of each company.
1. Cleveland-Cliffs Inc.
– Sector: Materials
– Year Founded: 1847
– Annual Revenue: $9.4 billion (2020)
– Description: Cleveland-Cliffs is a leading mining and natural resources company. It supplies raw materials to the steel industry and operates several iron ore mines in the US.
– [Cleveland-Cliffs Inc.](https://www.clevelandcliffs.com/)
2. United States Steel Corporation
– Sector: Materials
– Year Founded: 1901
– Annual Revenue: $9.8 billion (2020)
– Description: United States Steel Corporation is one of the largest steel producers and iron ore miners in the US, with a focus on sustainable practices and innovative solutions.
– [United States Steel Corporation](https://www.ussteel.com/)
3. Cliffs Natural Resources Inc.
– Sector: Materials
– Year Founded: 1847
– Annual Revenue: $4.2 billion (2019)
– Description: Cliffs Natural Resources, now a part of Cleveland-Cliffs, is a major supplier of iron ore pellets to the North American steel industry.
– [Cliffs Natural Resources Inc.](https://www.clevelandcliffs.com/)
4. BHP Group
– Sector: Materials
– Year Founded: 1885
– Annual Revenue: $42.9 billion (2020)
– Description: BHP Group is a global resources company with significant mining operations in the US, including iron ore production.
– [BHP Group](https://www.bhp.com/)
5. ArcelorMittal USA
– Sector: Materials
– Year Founded: 2006
– Annual Revenue: $49.5 billion (2020)
– Description: ArcelorMittal is a leading steel and mining company, with a strong presence in the US iron ore mining sector.
– [ArcelorMittal USA](https://usa.arcelormittal.com/)
6. Southern Copper Corporation
– Sector: Materials
– Year Founded: 1952
– Annual Revenue: $7.1 billion (2020)
– Description: While primarily known for its copper operations, Southern Copper Corporation also has iron ore mining activities in the US.
– [Southern Copper Corporation](https://www.southerncoppercorporation.com/)
7. Teck Resources Limited
– Sector: Materials
– Year Founded: 1913
– Annual Revenue: $9.8 billion (2020)
– Description: Teck Resources is a diversified resource company, involved in mining and mineral development, including iron ore mining in the US.
– [Teck Resources Limited](https://www.teck.com/)
8. Rio Tinto Group
– Sector: Materials
– Year Founded: 1873
– Annual Revenue: $44.6 billion (2020)
– Description: Rio Tinto is a global mining and metals company, with significant iron ore operations in the US.
– [Rio Tinto Group](https://www.riotinto.com/)
9. Newmont Corporation
– Sector: Materials
– Year Founded: 1916
– Annual Revenue: $11.5 billion (2020)
– Description: Newmont is primarily known for its gold mining activities, but it also has interests in iron ore mining in the US.
– [Newmont Corporation](https://www.newmont.com/)
10. Freeport-McMoRan Inc.
– Sector: Materials
– Year Founded: 1912
– Annual Revenue: $14.4 billion (2020)
– Description: Freeport-McMoRan is a leading international mining company with diverse resources, including copper and molybdenum, and some presence in iron ore mining.
– [Freeport-McMoRan Inc.](https://www.fcx.com/)
These companies, through their significant contributions to iron ore mining, form a crucial part of the supply chain that fuels the US steel industry and various downstream manufacturing sectors.
The iron ore mining industry in the US is robust and driven by these top 10 companies. Their efforts in extracting and supplying high-quality iron ore are essential for meeting the demands of the steel and manufacturing sectors, which are integral to the nation’s economy.
Iron ore mining companies not only contribute to economic growth but also play a significant role in sustainability and environmental stewardship. Through responsible mining practices and continuous innovation, these companies are shaping the future of the US mining industry and its impact on the global market.
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