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may 10, 2021 brazil ranks second among countries with the worlds largest iron ore reserves, and vales production operations are focused in this region of south america. vales iron ore production has fallen from former heights in recent years, but the miner is targeting annual production capacity of 400 million tonnes by the end of 2022.iron ore mining in africa. the african countries in which iron ore production for export and local use is most prevalent are south africa, algeria and mauritania. morocco and zimbabwe also produce ore, but only for local use. many african countries have vast iron ore deposits that are not yet mined. nearly 70% of the south african iron ore jul 01, 2021 iron ore is mined in nearly countries, with the seven largest of these producing countries accounting for three-quarters of world production. australia and brazil are the two largest iron ore jul 15, 2021 most important types of mining machine for iron ore products covered in this report are: countries from 197 countries in the world and conducted a