Mining is one of the main industries in Malaysia. Malaysia produces aggregate, bauxite, clay, . Currently there are 98 iron ore mines in operation in Malaysia. Most of . sharp decline due to competition from Brazil and the falling of tin price.
Iron ores are rocks and minerals from which metallic iron can be economically extracted. .. There are several granite associated deposits of this nature in Malaysia and Indonesia. .. (SMX) has launched the world first global iron ore futures contract, based on the Metal Bulletin Iron Ore Index (MBIOI) which utilizes daily price.