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Iron ore can be found in a multitude of forms and sources. The primary forms of iron ore today are Hematite and Magnetite. While iron ore can be found throughout the world, only the deposits in the order of millions of tonnes are processed for industrial purposes. The top five exporters of Iron ore are Australia, Brazil, South Africa, Canada, and Ukraine. One of the first sources of iron ore is Bog Iron. Bog iron takes the form of pea-sized nodules that are created under peat bogs at the base of mountains.