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Magnetite Occurence. At present, some iron ore mining takes place in Iran, Venezuela, Kazakhstan, Sweden, South Africa, and Canada. Some larger mines may be found in the Ukraine, the United States, Russia, and India. The three main players in the world of iron ore mining.Mining of Magnetite Iron Sand deposits in countries like Japan, New Zealand and Indonesia, there have been no evidence nor information published of any negative effects to human habitation, aquamarine life, nor to the ecological balance from offshore mining in those ARC countries Therefore, this is a big boost to the business potential of the.