Australia leads iron ore mining market growth to 2020
According to this report, 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).