This dataset represents the life cycle inventory (cradle-to-gate) of magnetite ore from underground mining in Shandong, covering all activities related to magnetite mining production from drilling to the output of magnetite ore, but excluding the production of drilling rigs, transport equipment, personnel travel during mining operations, and direct or indirect greenhouse gas emissions from daily office operations. The dataset was compiled from multiple data sources based on national standards such as the 'Manual of Production and Emission Coefficients for the Iron Ore Mining and Processing Industry (0810)', 'Emission standard of pollutants for mining and mineral procressing industry (GB 28661-2012)', 'Cleaning production standard Iron ore mining and mineral processing industry', and 'The norm of the energy consumption per unit product of iron ore dressing(GB31337-2014)', representing the average production level of underground magnetite mining in Shandong.