The World Bank predicts that iron ore will continue to decline

         As global iron ore prices continue to fall, the global iron ore industry will usher in a new reshuffle. The world's major iron ore suppliers include Vale in Brazil, BHP Billiton in Australia, Rio Tinto and FMG Metal Group. Australia's iron ore exports account for more than two-thirds of the world's total, while the Pilbara mine in Western Australia accounts for half of Australia's output.