It will be interesting to see the effects of Australias recently instituted 30-38% export tax on their exports. In April 2011 there was an article claiming Brazil was considering an export tax also-Brazil sure has been putting Vale through the grinder -2 Brazilian courts siding w the govt in claiming Vale owes 15 billion in taxes-which Vale has been contesting-so all the governments seem to be playing games to balance the books. Indias iron exports of course have been severely limited by the govt.
Minerals Information
Iron Ore
Statistics and Information
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Iron ore is a mineral substance which, when heated in the presence of a reductant, will yield metallic iron (Fe). It almost always consists of iron oxides, the primary forms of which are magnetite (Fe 3 O 4 ) and hematite (Fe 2 O 3 ).
Iron ore is the source of primary iron for the world's iron and steel industries. It is therefore essential for the production of steel, which in turn is essential to maintain a strong industrial base. Almost all (98%) iron ore is used in steelmaking. Iron ore is mined in about 50 countries. The seven largest of these producing countries account for about three-quarters of total world production. Australia and Brazil together dominate the world's iron ore exports, each having about one-third of total exports.
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