Abstract: Iron ore is one of the most important resources to China's economy development.With the rapid growth in demand for iron ore in recent years,the scale of iron ore mining are unprecedented increasing,Therefore,the exploitation of China's iron ore resources are facing serious resource and environmental issues.Circular economy theory emphasizes that economic and social development in conjunction with resource conservation and environmental protection.This theory is a new economic model that promotes harmonious development between mankind and nature.In this study,circular economy theory is applied to iron ore resources exploitation and how to perform circular economy model of the exploitation of China's iron ore resources will be discussed.