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Report: Australia leads iron ore mining market growth to 2020

Australia still reigns supreme in iron ore. The latestGlobal Iron Ore Mining Market to 2020research report said worldwide iron ore reserves were 190 bil...

|Sep 16|magazine9 min read

Australia still reigns supreme in iron ore. The latest Global Iron Ore Mining Market to 2020 research report said worldwide iron ore reserves were 190 billion tons as of January 2015, with Australia accounting for the largest share at 53 billion or 27.9 percent of the total.

Global iron ore mining market and reserves dominated by Australia are followed by Brazil at 31 billion (16.3 percent), Russia at 25 billion (13.2 percent), China at 23 billion (12.1 percent) and India at 8.1 billion (4.3 percent) as of January 2015. In 2014, Australia was the largest producer of iron ore accounting for 36.1 percent of world production, followed by Brazil accounting for 20.2 percent, China (12.8 percent) and India (8.2 percent). Australia was the largest exporter of iron ores and concentrates (including roasted iron pyrites) in 2014, exporting 755.1 million, followed by Brazil (344.4 million), South Africa (67.2 million), Ukraine (40.9 million) and Canada (40.3 million).

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The Hamersley range, Pilbara region of Western Australia has rich deposits of hematite ore which normally contains 56-62 percent iron. Much of the hematite in the Pilbara is further categorized as direct shipping ore (DSO) because of its simplistic processing. In Brazil, iron ore is mainly extracted from hematite ores but can also be found in low grade itabirite ores which has iron content in the range of 35-64 percent. Russian iron ore deposits are primarily located across the Ural region, Moscow and North West Russia. Chinese iron ore reserves are spread across the provinces of Liaoning, Sichuan, Hebei, Inner Mongolia, Shanxi, Shandong, Anhui, Hubei and Gansu.

Vale S.A.Rio Tinto and BHP Billiton are the major iron ore mining market producers mentioned in this research. This research helps gain an understanding of the global iron ore mining market, the relevant demand drivers, reserves, historic and forecast production and consumption, trade (major exporting and importing countries), active, exploration and development projects and the competitive landscape.

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About the report: Timetric's 'Global Iron Ore Mining to 2020' report comprehensively covers global reserves of iron ore and reserves by country. It also covers the historic and forecast data on global iron ore production, production by country, historic and forecast consumption and major exporting and importing countries. The report also includes demand drivers affecting the global iron ore mining industry, world steel demand by region, profiles of major iron ore producing companies and information on the active, exploration and development projects by region.

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