Top 10 Iron Ore Producers in the World
2025/2/14 14:53:58 Other22035
Price for iron ore has seen better these days.
Iron ore prices have been supported by hopes that China, which accounts for more than 70 percent of global seaborne iron ore trade, will invest heavily in infrastructure and construction to revive an economy devastated by the coronavirus.
The increase of iron ore has brought a lot of investing opportunities to iron ore producers. For example, iron ore prices have risen 13 percent since April 30, pushing shares in Fortescue Metals Group to an all-time high.
Do you want to know the top 10 iron ore producers in the world? Please find the details in the following context.
Vale
Brazil
is rich in iron ore resources, accounting for 6.5% of the worlds total
reserves, making it the worlds largest producer of high-grade iron ore.
Crusher is
the worlds largest producer and exporter of iron ore and the largest mining
company in the Americas, known as crown jewel and engine in the Amazon of
Brazil.
Founded
on June 1, 1942, Vale now produces 80% of Brazils iron ore. Its iron ore
resources are concentrated in the Four Corners and Barra (the northern state of
Brazil).
It has
a reserve of about 4 billion tons of iron ore, and its main mineral resources
can be maintained for nearly 400 years.
BHP Group Limited
Crusher, merged of two giant mining companies, is now the largest mining
company and the second-largest producer and exporter of iron ore in the world.
BHP
Billiton, one of the two mining companies, founded in 1885 and headquartered in
Melbourne, is one of Australias oldest and largest companies.
BILLITON,
another mining company, is a pioneer in the international mining industry and
was once known for its innovative and intensive operations.
In
2001, the two companies merged to form the BHP & BILLITON Mining Group. BHP
holds 58% of the shares and BILLITON of 42%. BHP was listed on the stock
exchanges of Australia, London, and New York.
With
operations in 20 countries, the company produces iron ore, coal, copper,
aluminum, nickel, petroleum, liquefied natural gas, magnesium, and diamonds,
etc. BHPs mines are mainly located in the Pilbara, including Newman, Yandi,
and Goldsworthy.
Rio Tinto
Crusher, founded in Spain in 1873, is now the worlds third-largest producer and
exporter of iron ore.
In
1954, the company sold most of its business in Spanish. The company merged with
several globally influential mining companies from 1962 to 1997, successfully
acquired Northern Minerals in 2000.
It became a global leader in the
exploration, exploitation, and processing of mineral resources.
The
company is currently headquartered in the United Kingdom and Melbourne.
Hamersley Iron Pty Ltd, owned by Rio Tinto, has its iron mines in the Pilbara,
including the Mount Tom Price, the Paraburdoo mines, the Chana Iron Mine, the
Moladune Iron Mine.
Ternium
Crusher is a producer of steel products. The company produces finished and
semi-finished steel products and iron ore that are sold directly to steel
manufacturers, steel processors and end-users.
The
company consists of two business units: the steel division and the mining
division.
The steel department is responsible for the sales of steel products
and the mining department is responsible for sales of iron ore products.
The
steel division operates in Mexico, southern South America, and three other areas,
mainly producing slab, billet, round steel, hot rolled coil, sheet, bar,
stirrup, wire rod, cold-rolled coil and sheet, galvanized sheet, precoated
sheet, steel tube, tubular products, beam, rolled molding products and other
products.
The
mining division is engaged in the sale of iron ore concentrates (fine powder)
and pellets. The iron ore related products are mainly sold to Mexico,
Argentina, Paraguay, Chile, Bolivia, Uruguay, the United States, Colombia,
Guatemala, Costa Rica, Salvador, Nicaragua, Honduras, and other countries and
areas.
Fortescue Metals Group Ltd
Crusher,
established in 2003, is Australias third-largest iron ore exporter.
It has the
biggest exploration territory in the Pilbara region, with 4.5 billion tons of
iron ore resources found in less than 15% of the total area of 50,000 square
kilometers, of which 1.1 billion tons meet the reserve standard.
FMG can
produce 55 million tons of iron ore related products and will expand production
according to market demands.
Crusher (ArcelorMittal) is a holding company which is located in Europe, North and
South America, Asia, and Africa, operating steel manufacturing and mining
facilities.
The
company operates through five divisions: the North American Free Trade Agreement
division, the European division, the Brazil division, the African and
Commonwealth of Independent States division, and the mining division.
The
North American Free Trade Agreement makes flat, strip, and tubular
products.
The
Brazil division is engaged in the flat steel business in Brazil and strip and
tubular products in neighboring countries.
The
European division is engaged in flat steel production in Europe. The ACIS
division produces flat, elongated, and tubular products.
The
mining division operates all of ArcelorMittals mines in the Americas, Asia,
Europe, and Africa.
Nucor Corporation
Crusher makes steel and steel-related products, and direct reduced iron
(DRI) for its steel mills.
The
company also processes ferrous and non-ferrous metals and agents ferrous and
non-ferrous metals, cast iron, and hot-briquetting iron (HBI).
The
company operates through three divisions: the steel division, the steel
products division, and the materials division.
Steel
products department production of steel keel, steel plate layer, concrete
constructional steel, and cold processing steel.
The
steel plant division produces and distributes steel sheets (hot rolled, cold
rolled and galvanized), thick steel sheets, constructional steel (wide flanged
beams, shaped billets, beam piles, and steel sheet piles) and bars (square
billets, billets, concrete bars, commodity bars, wire rods, and special steel
rods).
The raw
material department produces DRI, ferrous metals, non-ferrous metals, cast
iron, and hot-briquetting iron, and supplies ferroalloys, ferrous and
non-ferrous scrap metals.
Atlas Iron Ltd.
Crusher ore is Australias fourth-largest exporter of iron ore, whose iron mine is
stored in the north of the Pilbara.
By the
end of 2011, the ore reserve is 2.047 billion tons, and the annual output is
expected to reach 9 million tons in 2012.
The annual output of Iron ore was
raised to 12 million tons in 2013 and 15 million tons in 2015.
With
the completion of the new berth of Atlas Iron at Hedlang port in 2015, the
companys output was raised to 46 million tons in 2017.
KMG
KMG, an
Australian private company, owns the closest western Australian mine to China
and is adjacent to the northernmost port in western Australia.
The
mine is expected to produce 67 million tons of ore in two years, among which
59% is mainly low-grade coarse powder with impurity content of 8% of Si, 3% of
Al, 0.08% of P and 0.03% of S.
The KMG
mine in Perth, Australia, has an annual capacity of 1.5 million tons of 58%
grade hematite.
The
service life of iron mine is 6 years. KMG has a proprietary infrastructure in
the port.
Posco
Crusher,
one of the worlds largest steel manufacturers and the Fortune Global 500 companies,
is headquartered in the southern district of Posco, North Gyeongsang province,
South Korea.
Since
2010, Posco has been ranked as the worlds most competitive steelmaker seven
times in five consecutive years.
In
2015, Posco was selected as one of the top 100 global sustainable development
enterprises in Davos, Switzerland, ranking 36th.
Posco
currently has two steel plants in South Korea, one in the city of Posco and the
other in the city of Gwangyang. It also operates a joint venture with United
States Steel Corporation, USS-POSCO (based in Pittsburgh).
POSCO
is specializing in the production and sales of steel products. The company
operates through four divisions.
The
steel department produces and sells hot-rolled steel, cold-rolled steel,
stainless steel, and other steel products.
The
trading department deals with the whole trade, including the import and export
of steel products.
The
construction sector plans, designs and builds industrial plants, civil
engineering projects, commercial and residential buildings.
Other
units are engaged in power plants, information, and communications-related
services, and other businesses.
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