Iron (Fe) is one of the most rich rock-forming elements and it is the most commonly used metal in world. The ores are rich in iron oxides and vary in color from dark grey, bright yellow, deep purple, to rusty red. Ores consist very high quantities of hematite or magnetite are known as “natural ore” or “direct shipping. Iron ore is the raw material and it is used to make pig iron, it is one of the main materials to make steel. Australia is number one in iron ore reserves. Here we are listing top 5 Iron Ore producing countries.
Australia reserves worlds largest iron ore and they are second largest producer iron ore as well. Iron ore production in Australia mainly concentrated in the Pilbara region of Western Australia which represents over 95% of Australia’s iron ore and it is the three of the eleven biggest iron ore mining operations in the world. The state has the world’s largest iron ore with 22% of the world’s iron ore.
Brazil reserves worlds second largest iron ore as well as it is the leading producer of iron ore. The world’s largest iron ore mine is Carajás Mine, it is located in the state of Para in Northern Brazil and fully owned by Brazilian miner Vale (CVRD), the mine holds 7.2 billion metric tons of iron ore in proven and probable reserves. Brazil is now the world’s largest exporter of iron ore with annual production of over 510Mt.
Russia also leading iron ore reserved country in the world. Its iron ore reserves,calculated at 25bt containing 14bt iron, that makes world’s third largest after Australia and Brazil. The largest mining companies in Russia are the Siberian Coal Energy Company, Alrosa, Polyus Gold International and the United Company Rusal Plc.
China is one of the leading iron ore reserved country as well as it is the number one iron ore producing country. The iron ore in Northeast China are mainly in Anshan ore field, it is the largest ore field in reserve and yield in China. , Almost 98% of the reserves are low-grade ores and with iron content 20% to 40% , the average iron content about 30%. The iron ores in Central South China are mainly in located in Daye, Hubei, other regions such as Xiangtan in Hunan Province, Anyang ,Wuyang in He’nan, Guangdong Province and Hainan Island have large scale ore reserves.
United states is also one of the iron ore reseved country and it was the third highest value metal mined in the United States, after gold and copper. The country is calculated to hold 6.9bt of crude iron ore reserve containing 2.1bt of iron. Iron ore was mined mainly in northern Minnesota’s Mesabi Range and Michigan they accounts 99% of countries output. Cliffs Natural Resources operates five iron ore mines namely, Empire, Tilden, Hibbing Taconite, Northshore, United Taconite.