Australia still stands a dominated position in iron ore. Worldwide iron ore reserves were 190 billion tons by January 2015, with Australia reached at 27.9 percent of the total to 53 billion,accounting for the largest share, according to a report by the latest Global Iron Ore Mining Market to 2020 research. 

Australia was the largest iron ore producer in 2014, 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 reigns supreme in Global iron ore mining market and reserves, as of January 2015, it was 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). Australia exported 755.1 million in 2014, becoming the largest exporter of iron ores and concentrates (including roasted iron pyrites), followed by Brazil (344.4 million), South Africa (67.2 million), Ukraine (40.9 million) and Canada (40.3 million).

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Rich deposits of hematite ore normally containing 56-62 percent iron can be found in the Hamersley range, Pilbara region of Western Australia. Owing to its simplistic processing, much of the hematite ore in the Pilbara is further classified as direct shipping ore (DSO).
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Mainly extracted from hematite ores, iron ore in Brazil can also be found in low grade itabirite ores containing iron from 35 to 64 percent. Chinese iron ore deposits are spread across the provinces of Liaoning, Sichuan, Hebei, Inner Mongolia, Shanxi, Shandong, Anhui, Hubei and Gansu.Russian iron ore reserves are mainly located across the Ural region, Moscow and North West Russia. 

Some major iron ore mining market producers mentioned in this research are Vale S.A., Rio Tinto and BHP Billiton . 

About the report: Timetric's 'Global Iron Ore Mining to 2020' report comprehensively covers global reserves of iron ore and reserves by country. It also covers the historic and forecast data on global iron ore production, production by country, historic and forecast consumption and major exporting and importing countries. The report also includes demand drivers affecting the global iron ore mining industry, world steel demand by region, profiles of major iron ore producing companies and information on the active, exploration and development projects by region.