El Mutun - Bolivia's IRON ORE 'Gold MINE'

The World's Largest Iron Ore deposit, El Mutun, is located in South America and is estimated to hold about 5% of the world's total Iron Ore Reserves. Iron Ore is an essential raw material required for the manufacture of STEEL. The remote mountain range deposit, also commonly referred to as El Cerro Mutun and/or Serrania Mutun, remains largely UNtapped and stretches an area of about 75 square kilometers across Bolivia and Brazil.


Numerically speaking, El Mutun's total estimated Reserves are approx 40 Billion tons containing about 20 Billion tons of Iron (50% iron). FYI, the World's total estimated ore reserves are about 800 Billion tons containing about 230 Billion tons of Iron (about 30% iron).

Lastly, while the world's largest iron ore deposit remains largely UNexplored, it should be noted that India's 3rd largest steel manufacturer, Jindal Steel and Power Limited, signed a $2 Billion Mutun production deal with Bolivia's government in July 2007. Per the link below, Jindal was granted rights for exploring and developing a 30 kilometer section of the deposit for 40 years.

in.reuters.com/article/companyNews/idINN1839136120070719

Data Courtesy: Wikipedia + Reuters