What Is The Largest Iron Ore Mine In The World?

How much iron ore is left in the world?

World resources of crude iron ore are estimated to exceed 800 billion tons containing more than 230 billion tons of iron..

Which country is rich in gold?

ChinaList of countries by gold production2018 RankCountryGold production (tonnes)1China4042Australia3193Russia2974United States22213 more rows

Which state is the largest producer of iron ore?

OrissaOrissa is the largest producer of Iron ore in India. Orissa accounts for over half of India’s iron ore production, produced 120 million tonnes during the 2019/2020 year.

Why is iron ore so cheap?

Iron eventually became the least expensive metal on Earth. That’s because iron, as found in ores, is our most plentiful element by mass. … Iron is common and cheap and incredibly useful, so in some ways, that still makes it a lot more valuable than gold.

How long will iron last?

They are not designed to last 10-20 years. When they start to die, just throw it out and buy a new one. Irons usually have a one year warranty. So when they start to not be fun to use, get a new one!

Which country is the largest producer of iron ore in the world?

Leading iron ore producing countries worldwide Australia makes up half of the world’s iron ore exports. Brazil exported around 23 percent of the world’s total iron exports. As of 2019, Brazil had reserves of 15 billion metric tons of iron content and 29 billion metric tons of crude ore.

What country has the most iron?

ChinaChina. China is by far the largest producer, consumer, and importer of Iron ore. In 2015 it produced 1.3 billion tons of iron ore equivalents to 44% of the world’s output.

Will we ever run out of iron?

35% of the Earth’s mass is iron. That’s 2 sextillion tons of iron. Even if we had a population of 2 trillion people, that’s one billion tons of iron per person. For our purposes, we will never run out.

Who is the largest exporter of iron ore?

Western AustraliaWestern Australia is the largest iron ore producer and exporter in the world, accounting for 38 per cent of global production and 53 per cent of global seaborne exports in 2016. The Pilbara region accounted for 94 per cent of Australia’s iron ore exports in 2016.

Which country is the second largest producer of iron ore in the world?

ListRankCountryUsable iron ore production (thousand tonnes)World2,500,0001Australia930,0002Brazil480,0003China350,00035 more rows

Who are the five biggest producer of iron ore in the world?

Australia, Brazil, India, China, and Russia were the world’s five largest producers of iron ore, collectively accounting for 87.5% of global iron ore production.

Which country is largest producer of bauxite?

AustraliaList of producing countriesRankCountryProduction1Australia86,4002China79,0003Guinea57,0004Brazil29,00011 more rows

Which country is the largest producer of steel?

ChinaGlobal crude steel output increases by 3.4% in 2019Top 10 steel-producing countriesRankCountry2019 (Mt)1China996.32India111.23Japan99.37 more rows•Jan 27, 2020

Does Russia have iron ore?

The country has a huge geographic area rich with mineral resources. According to the United States Geological Survey (USGS), Russia was ranked among the world leading producers of commodities including bauxite, coal, copper, diamond, gold, iron ore, lead, nickel, PGM, potash, silver, uranium and others.

Which company produces the most iron ore?

Rio TintoRio Tinto – 327 million tonnes Diversified Anglo-Australian mining company Rio Tinto tops our list with iron ore production of 327 million tonnes in 2019.