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Metallic iron is extracted from mineral or rock iron ores of purple, red, yellow, and dark gray colors. The iron usually takes the form of siderite, limonite, goethite, or hematite. Ninety-eight percent of the iron ore mined is used to create steel, making iron a key player in the global economy. Individuals can invest in the stocks of publicly traded iron mining companies.

There are mines located in many countries throughout the world, but Canada and Australia are most well-known for their mining expertise. London, England, is the site of several global mining houses, including BHP Billiton, Anglo American PLC, and Rio Tinto. Due to the cost involved in the exploration and extraction process, most mining companies are actually large, publically-traded entities rather than small businesses or entrepreneurs.

The Canadian stock exchanges have a strong focus on mining companies, especially junior-level exploration companies. Below the junior level, some experts believe that there are a large amount of unreputable companies that engage in stock price manipulation. Therefore, it is important to do research into a publicly traded iron mining company prior to purchasing its stock.

Canadian public companies that engage in iron mining include names such as Quebec Cartier Mining Company. Ironing mining companies based in other parts of the world include: Anglo American PLC, BHP Billiton, John Brogden and Sons, Bunder Project, Evraz Group, Exxaro, Ferrexpo, Kumba Iron Ore, MSPL Limited, Rito Tinto Group, SeverStal, Stoilensky GOK, Sundance Resources Limited, Sydvaranger, and Vale. Individuals interested in making investments in these companies should conduct some research into their performance and stability.

Iron mining companies produce a mineral that is essential to the production of steel. This makes them one of the key players in the worldwide economy. An investment in an iron mining company will allow these entities to continue their work, which is essential to the global marketplace.