Global run of mine (ROM) production, from over 100 mineral commodities and 150 countries, reached 18.5 billion tonnes in 2017, according to GlobalData’s Mining Intelligence Center. By 2022, this figure is expected to reach 20.5 billion tonnes, an increase of 3.1% per year.

This growth signals more encouraging times for the mining equipment, technology and services sector with growth in mining aftermarket sales in particular linked to growth in ROM production.

Through to 2022, iron ore mine ROM production is forecast to grow at a compound annual growth rate (CAGR) of 5.9%, while Coal will decline, albeit by a marginal 0.4%. Among the other commodities, gold and copper will grow by 8.6% and 5.9% per year respectively.

Asia-Pacific is the largest contributor to the global ROM production, accounting for 23.7% in 2017, followed by South and Central America (18.8%), North America (16.8%), with the top ten countries being Australia, United States, China, India, Russia, Brazil, Chile, Canada, South Africa, and Peru. These markets collectively accounted for over 70% of the global total. Highest growth is expected in Oceania at 5.5% per year, followed by the Middle East & Africa, whilst mine closures in Europe are expected to lead to an annual decline of 4.1% in the region through to 2022.

Vale, Rio Tinto, Coal India, BHP, Freeport, Glencore, China Shenhua Energy, Codelco, Barrick and Anglo American were the top ten companies in 2017 jointly accounting for approximately 25% of the global share.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.