Global iron ore reserves were 190 billion tonnes (Bnt) as of January 2015, with Australia accounting for the largest share at 53Bnt or 27.9% of the total, followed by Brazil at 31Bnt (16.3%), Russia at 25Bnt (13.2%), China at 23Bnt (12.1%) and India at 8.1Bnt (4.3%). The Hamersley range, Pilbara region of Western Australia has rich deposits of hematite ore which normally contains 56-62% 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%. 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.
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Report Highlights
* Global iron ore reserves were 190 billion tonnes (Bnt) as of January 2015, with Australia accounting for the largest share at 53Bnt or 27.9% of the total, followed by Brazil at 31Bnt (16.3%), Russia at 25Bnt (13.2%), China at 23Bnt (12.1%) and India at 8.1Bnt (4.3%).
* In 2014, Australia was the largest producer of iron ore accounting for 36.1% of world production, followed by Brazil accounting for 20.2%, China (12.8%) and India (8.2%).
* Australia was the largest exporter of iron ores and concentrates (including roasted iron pyrites) in 2014, exporting 755.1Mt, followed by Brazil (344.4Mt), South Africa (67.2Mt), Ukraine (40.9Mt) and Canada (40.3Mt).
Report Scope
The report contains an overview of the global iron ore mining industry together with the key demand drivers affecting the industry. Further, it provides information about reserves, historic and forecast production and consumption, reserves and production by country, demand drivers affecting the global iron ore mining industry, world steel demand by region, major exporting and importing countries, competitive landscape and active, exploration and development projects.
Reasons to Get this Report
Gain an understanding of the global iron ore mining industry, 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.
Companies Mentioned in this Report: Vale S.A., Rio Tinto Plc, BHP Billiton Ltd
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"Global Iron Ore Mining to 2020" now available at Fast Market Research
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001