Iron Ore Miners Plan $112 Billion in Projects, an Industrial Info Market Brief

Mainly due to supply disruptions from storms (Cyclone Veronica - Australia) and environmental disasters (Brazil), the price of iron ore has risen about 39% since the beginning of the year. Iron ore mining firms are developing $112 billion worth of mining projects worldwide, including $14 billion in projects under construction, according to Industrial Info. Click here for the list of projects under construction. Leading companies developing iron ore mining projects include Fortescue Metals Group, Ferrous Resources do Brazil and Rio Tinto.