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· the price of iron ore, brazil's mining ministry declined to comment. it could also force vale to buy more equipment from higher cost local providers.
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when the rout in prices ends for the world's iron ore the cash cost of mining the ore on average is $us15.80 a ton at brazil's mining equipment to bhp
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accordingly, the world's largest companies involved in iron ore mining are from these two countries. vale s.a. from brazil produced nearly 350 million metric tons in 2016, making it responsible for almost 90 percent of brazil's total iron ore production. anglo australian mining companies bhp billiton and rio tinto complete the world's top three iron ore
minas rio iron ore project in brazil is owned and operated by anglo american, the world's fifth biggest mining company. freeport mcmoran copper & gold (fcx) operates the grasberg mine in indonesia. image courtesy of alfindra primaldhi. cortez gold mine is operated by barrick gold the world's eighth biggest miner by revenue. india's state
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