Where is the best iron ore mined?

Where is the best iron ore mined?

Brazil – 400 million tonnes Vale has a strong presence in the country and is currently the world’s leading iron ore miner, with annual output reaching 300 million tonnes in 2020. Brazil holds around 34 billion tonnes of crude iron ore reserves, second only to Australia.

Who owns iron ore in Australia?

Rio Tinto operates twelve iron ore mines in Western Australia, BHP seven, Fortescue two, all of those are located in the Pilbara region.

Which country has most iron?

International context

Ranking Country Percentage of total
1 Australia 37.6%
2 Brazil 16.7%
3 China 14.2%
4 India 9.6%

How long will Australia’s iron ore reserves last?

Australia’s iron ore resource base is capable of sustaining production for at least six decades, according to the Minerals Council of Australia (MCA).

How big is simandou?

Simandou is a 110-kilometre-long (68 mi) range of hills located in the Nzérékoré and Kankan regions of southeastern Guinea, in the country’s mountainous, forested Guinée Forestière region. At the southern end of the range the site of a large iron ore deposit is currently being developed.

Where is the most iron in Africa?

Simandou, a 110-kilometer range of hills deep in the hinterland of Guinea in Western Africa, boasts the world’s largest untapped iron ore reserves.

Will iron Run Out?

Iron is the most abundant element on earth but not in the crust. The extent of the accessible iron ore reserves is not known, though Lester Brown of the Worldwatch Institute suggested in 2006 that iron ore could run out within 64 years (that is, by 2070), based on 2% growth in demand per year.

Which country is the largest producer of iron?


Rank Country Usable iron ore production (1000 tonnes)
World 2,500,000
1 Australia 930,000
2 Brazil 480,000
3 China 350,000

Why does China want Australian iron ore?

Tokyo | China will boost domestic iron ore production by 30 per cent, significantly ramp up investments in overseas mines and strengthen scrap steel recycling under a plan designed to break Beijing’s dependency on Australia’s most valuable commodity export.

Who is buying all the iron ore?

In the iron ore market, the highest-cost producers are all Chinese. China normally takes around 70% of the seaborne trade in iron ore, or around 1 billion tonnes, but it relies on domestic production for a further 900 million tonnes.