59% Micro
29% Small
4% Large
4% Mega
4% Mid
INSIGHTS - APRIL 2024
UK Metals & Ores Industry
UK Metals & Ores Industry Information
The metals and ore mining industry involves the extraction of metallic minerals from open pits, underground mines or from the seabed.
Active Businesses
260
Annual Sales
£10bn +
Employees
47,811
Economic Contribution
£5bn
Tags
Location of Metals & Ores Companies
Metals & Ores Companies by Size
Largest Metals & Ores Companies
Turnover
Antofagasta Plc
£4.7bn
Evraz North America Plc
£2.6bn
Fresnillo Plc
£1.9bn
Ferrexpo Plc
£1bn
Metals & Ores Companies by Age
30% Established
30% Young
23% Startup
16% Mature
0% New
Oldest Metals & Ores Companies
Established
Fastest Growing Metals & Ores Companies
47% Declining
30% Rapid
12% Healthy
6% High
5% Low
Fastest Growing Metals & Ores Companies
3yr CAGR
Ferrexpo Plc
878%
Metals & Ores Industry Competitive Environment - New Entrants vs Leavers
Metals & Ores Industry Valuation
EBITDA Multiple
Metals & Ores Industry Valuation
Turnover Multiple
Metals & Ores Industry Valuation
Net Asset Multiple
Note - from March 2020 multiples are calculated monthly, prior to this they were calculated on an annual basis.
UK Mining of metal ores Industry Insights
There are 260 active Businesses in the UK with combined annual sales of £10 billion .
The Industry employs around 47,810 people and contributes £5 billion to the economy.
The most popular location for Metals & Ores companies is London with 147 and the fewest are located in North East England with 3.
The largest Metals & Ores company is Antofagasta Plc with a turnover of £4.7bn. 59% of the industry is comprised of Micro companies with only 4% Large companies.
16% of the Metals & Ores Industry is made up of 16% Mature but the majority are Established businesses (30%) the oldest company is Cornish Chamber Of Mines And Minerals founded in 1917.
Metals & Ores industry has a number of high growth companies (6%), the fastest growing company is Ferrexpo Plc with a 3 year growth rate of 878%. Other fast growing companies include United Mining Services Limited (101%), Evraz North America Plc (11%) and Antofagasta Plc (10%).
The UK Metals & Ores Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 7.95x, Turnover multiple of 2.42x and a Net Asset multiple of 1.82x.
