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Jan 24, 2016 Iron Ore in Jharkhand. 25 per cent of reserves. First mine in Singhbhum district in 1904. Iron ore of here is of highest quality and will last for hundreds of years. Noamandi mines in Singhbhum are the richest. Magnetite ores occur near Daltenganj in Palamu district. Iron Ore in Karnataka. Iron ores are widely distributed.