Researchers found the Hamersley deposits in Western Australia formed between 1.4 and 1.1 billion years ago, rather than 2.2 billion years ago as previously estimated.

Iron Ore Prices: A $6 Trillion Discovery The newly identified reserve in the Hamersley region is valued at around US $6 trillion and has significantly shaken up the global sector.

The Hamersley region, already known for its rich mineral resources, now hosts what scientists say is the largest iron ore deposit ever recorded, containing roughly 55 billion metric tons of ore ...

A new iron ore deposit has been discovered in Australia's Hamersley region. The reserve is estimated at 55 billion metric tons. Its market value is approximately $6 trillion. The ore has over 60% ...