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This 170 million tonnes of iron ore generated revenue of $20.2 billion, or 31% of total revenue, indicating that the company sold its iron ore production for an average price of $118.90 per tonne.
Of the iron ore exported, 38.5% of the volume was iron ore pellets with a value of $2.3 billion, and 61.5% was iron ore concentrates with a value of $2.3 billion. [ 40 ] 46% of Canada's iron ore comes from the Iron Ore Company of Canada mine, in Labrador City , Newfoundland , with secondary sources including the Mary River Mine in Nunavut .
Although in 2014, the US mined only 1.8 percent of all iron ore mined worldwide, the US was previously a much larger factor in the world iron ore market. From 1937 through 1953, US iron ore made up more than a third of the world's iron ore production; the proportion of world iron ore mined in the US peaked in 1945 at 56 percent.
The Mary River Mine is an open-pit iron ore mine in the Mary River area of Baffin Island, Canada. [3]: 2 It is operated by the Baffinland Iron Mines Corporation (BIMC).As of 2021, the operation consists of an open-pit mine, two work camps for hundreds of workers, a tote road—from the Mary River site to Milne Inlet—and port infrastructure at Milne Inlet. [1]
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The Marquette Iron Range is a deposit of iron ore located in Marquette County, Michigan in the United States. The towns of Ishpeming and Negaunee developed as a result of mining this deposit. A smaller counterpart of Minnesota's Mesabi Range , this is one of two iron ranges in the Lake Superior basin that are in active production as of 2018.
This is a list of countries by iron ore production based on U.S. Geological Survey data. [a] List. Rank Country Usable iron ore production (× 1000 tonnes) Year
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