Iron Ore Mining in Canada to 2020

Date: 2015-09

The country ranked eighth in the world in terms of crude iron ore reserves with 6.3 billion tonnes as of January 2015. The majority of iron ore deposits are located in Newfoundland and Labrador, followed by Quebec and British Colombia. The Labrador Trough in western Labrador and north-east Quebec contains higher grade quality iron ore deposits. Canadian iron ore production was 42.7 million tonnes (Mt) in 2014 and it is projected to increase over the forecast period 2015–2020 following the expansion of mines and upcoming projects. In contrast to production, domestic iron ore consumption was an estimated 11.3Mt in 2014 and exports were 40.3Mt.

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