Russia Had the Third-largest Crude Iron Ore Reserves with 25 Billion Tonnes (Bt)

Date: 2015-09-10

“• Russia had the third-largest crude iron ore reserves with 25 billion tonnes (Bt), representing a global share of 13.1%, with deposits mainly located in Ural region, Moscow, North West Russia and Siberia.

• In terms of production, Russia was the largest producer of iron ore in Europe and the fifth-largest producer globally in 2014. Central Russia accounts for more than half of country’s production, while the rest of the output originates from the Urals and Siberia region. 

• The estimated growth in Russian iron ore production is attributed to the scheduled commissioning of various upcoming iron ore projects such as the Garinskoye project in Irkutsk Oblast and the Bystrinskoye deposit in Zabaykalsky Krai province, both scheduled to commence operations by the end of 2015.”

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