For my Geography Homework I have to talk about the process of iron ore mining in a developed country (which I‘ve already done) and then compare it to mining in a developing or less developed country (such as China, Bolivia etc) Could someone please point me in the right direction. I‘ve been researching for half the day on this particular question. Thank you in advance! ^.^
Overview China is the largest importer of iron ore in the world, accounting for about a third of the global market. In 2003 iron ore production increased further to 122.7 Mt. Production of steel products reached 222.3 Mt in 2003, a 22% increase from 2002 making China the only country with annual steel production of over 200 Mt. Crude steel production increased by 21.2% in 2003 to 220.12 Mt. Output of pig iron increased by 19.7% to 202.3 Mt. After four consecutive years of decline, China’s production of iron ore in 2002 posted an increase of 108.8 Mt. Output during the first 10 months totalled 188 Mt, an increase of 6% compared with the corresponding period of 2001, and the country’s state-owned, large-and-medium-scale enterprises, after having experienced continuous losses during the preceding ten years, began to make profits. Chinese demand for iron ore whether imported or domestically produced is the key determinant of the outlook for the global iron ore market in the short run. Crude steel production in China increased by 25% in the first quarter of 2004 compared to the same period in 2003. Iron ore production increased by 12% from 73 Mt to an estimated 82Mt with imports increasing by 48% in the same period. These paragraphs are from the referenced site. I think it should be helpful in providing the information that you are seeking.
