62% Micro
24% Small
5% Mid
4% Large
4% Mega
INSIGHTS - OCTOBER 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
£9bn +
Employees
39,874
Economic Contribution
£4bn
Tags
Location of Metals & Ores Companies
Metals & Ores Companies by Size
Largest Metals & Ores Companies
Turnover
Antofagasta Plc
£5.1bn
Fresnillo Plc
£2.2bn
Evraz North America Plc
£1.9bn
Endeavour Mining Plc
£1.7bn
Hochschild Mining Plc
£544.9m
Metals & Ores Companies by Age
30% Established
28% Young
25% Startup
15% Mature
1% New
Oldest Metals & Ores Companies
Established
Fastest Growing Metals & Ores Companies
43% Declining
29% Rapid
13% Healthy
8% High
7% Low
Fastest Growing Metals & Ores Companies
3yr CAGR
Fresnillo Plc
953%
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 £9 billion .
The Industry employs around 39,873 people and contributes £4 billion to the economy.
The most popular location for Metals & Ores companies is London with 144 and the fewest are located in Yorkshire and the Humber with 5.
The largest Metals & Ores company is Antofagasta Plc with a turnover of £5.1bn. 62% of the industry is comprised of Micro companies with only 5% Mid companies.
15% of the Metals & Ores Industry is made up of 15% 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 (8%), the fastest growing company is Fresnillo Plc with a 3 year growth rate of 953%. Other fast growing companies include Moxico Resources Plc (102%), United Mining Services Limited (101%) and Consolidated Nickel Mines Limited (65%).
The UK Metals & Ores Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 8.95x, Turnover multiple of 2.97x and a Net Asset multiple of 1.80x.
