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Iron Ore Suppliers
The countries that produce
major iron ore in the world include China, Brazil,
Australia, India, Russia, Canada and US. The type of
iron ore found in these countries varies from each
other. The types of iron ore found include hematite
ore, magnetite, bentonite, taconite ore, goethite,
Itabirito ore, etc. The hematite and magnetite ores
are high-grade iron ores as they have more 70% iron
content. After these itabirito ore has up to 50%
iron content. The rest types of iron ores are of low
grade that contain very low around 30% iron content.
The hematite ore is found in
large scale in Brazil, Australia, China and India.
This iron ore found in China and India are mostly
used for domestic purposes. On the other hand the
iron ore found in Brazil and Australia is in surplus
and thus emerge as major
iron ore suppliers.
Brazil exports almost 2/3 of
the total iron ore produce to various countries in
Asia. Australia ranks second in the world after
Brazil for exporting hematite iron ore to different
countries in the world.
The major iron ore suppliers
from Brazil are: Companhia Vale do Rio Doce (CVRD),
Mineracoes Brasileiras Reunidas (MBR), Mineracao da
Trindade (Samitri), Samarco Mineracao and Ferteco
Companhia Vale do Rio Doce (CVRD)
is the largest company in Brazil that owns almost
75% of the iron ore mines in Brazil. This iron ore
supplier offers two types of iron ores the lump type
iron ore and the pellets type iron ore. Companhia
Vale do Rio Doce supplies almost 70% of its exported
iron ore to China and the rest to South Korea and
Japan. With the recent take over of other iron ore
producing companies Companhia Vale do Rio Doce is
expected to export more quantities of iron ore to
different Asian markets.
The Brazilian company that
ranks second in the iron ore suppliers list is
Mineracoes Brasileiras Reunidas (MBR). This company
mainly produces the lump type iron ore though some
amount of pellet type iron ore is also produced but
in lesser quantity as compared to CVRD. Mineracoes
Brasileiras Reunidas (MBR) is included in the list
of first five iron ore producers in the world. It
exports iron ore to several countries globally.
The Australian company BHP-
Billiton is one of the major producers of iron ore
that own mines not only in Australia but also in
Brazil. The major iron ore manufactured by BHP
Billiton is exported to Asian steel manufacturers.
BHP Billiton exports almost 110 MT per annum to
Asian markets. The major country that imports iron
ore from BHP Billiton is China. The demand from
China is expected to increase the exports to almost
130 MT annually in next couple of years.
The other major
iron ore suppliers are US and Canada. The
iron ore from these countries is mainly of low grade
like the taconite ore and is exported mainly to