Analysts and producers think that Africa may be one of the world's major iron ore exporters after 2020 if countries on the continent can overcome infrastructural and political difficulties, according to an article published by Reuters Africa on June 8.
At the moment, Australia and Brazil are the two top global producers of iron ore, with South Africa being the only African country recognized as a major exporter, accounting for about 80 percent of the continent's total output. Meanwhile, top global iron miners, as Rio Tinto, Vale and ArcelorMittal, have projects either in production or at an exploration stage in Africa, with three major iron ore-bearing regions identified in the west, central and southern parts of the continent.