Iron ore mining in Western Australia - Wikipedia
Iron ore mining in Western Australia, in the 2018–19 financial year, accounted for 54 percent of the total value of the states resource production, with a value of A$78.2 billion. The overall value of the minerals and petroleum industry in Western Australia was A$145 billion in 2018-19, a 26 percent increase on the previous financial year. Western Australias iron oreoutput for 2018–19 was 794 million tonnes, a decrease of 5 percent on 201…
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Australian Resources | Iron Ore | MiningLink - The …
Australia is the largest exporter of iron ore in the world having exported 362 million tonnes in 2009 at a value of $30 billion. Western Australia contributed 97 percent of the iron ore produced that year. The Major Australian Iron Ore Mining Companies The two biggest companies that mine iron ore in Australia are Rio Tinto and BHP Billiton:
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Iron ore - Wikipedia
Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel. In 2011 the Financial Times has speculated that iron ore is "more integral to the global economy than any other commodity, except perhaps oil".
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Iron Ore | Todays Spot Price & Charts - Market Index
Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.). Global economic growth is the primary factor that drives its supply and demand. When economies are growing, the need for steel in construction increases which drives the price up.