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Jun 30, 2016· Iron constitutes about five per cent of the Earth's crust and is the fourth most abundant element in the crust. Australia is one of the world's major iron ore producers.

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Currently magnetite iron ore is mined in Minnesota and Michigan in the U.S., Eastern Canada and Northern Sweden. Magnetite bearing banded iron formation is currently mined extensively in Brazil, which exports significant quantities to Asia, and there is a nascent and large magnetite iron-ore industry in Australia. Direct-shipping (hematite) ores

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