Iron Ore Geoscience Australia
In 2016-17, the volume of iron ore sales reached a record 790 million tonnes and was valued at $63.6 billion. Uses. Iron is the world’s most commonly used metal, and iron ore is a key ingredient for steel making. To produce 1,000 kilograms of crude steel requires about 1,400 kilograms of iron ore (and around 800 kilograms of coal).Sep 27, 2019 The company is one of the world’s largest iron ore producers, with operations in countries including the U.S., Mexico, Bosnia, Ukraine, and Kazakhstan, according to its website. In 2013, the company sold a 15 per cent stake in its Canadian mining business to a consortium led by Posco for US$1.1 billion, data compiled by Bloomberg show.