It lies in the midst of the great red and brown hematite iron-ore deposits of the Mesabi Range - the richest in the Lake Superior district - and the mining and shipping of this ore are its principal industries.
It was along the coast of North Carolina that Europeans in 1585 made the first discovery of iron ore within the present limits of the United States.
Niriz was formerly known for its manufacture of steel from iron ore brought from Parpa, 40 m.
Ashland has an excellent harbour, has large iron-ore and coal docks, and is the principal port for the shipment of iron ore from the rich Gogebec Range, the annual ore shipment approximating 3,500,000 tons, valued at $12,000,000, and it has also an extensive export trade in lumber.
There is some iron ore in the eastern and south-eastern parts of the state, and the mining of it was begun early in the 19th century; but the output decreased from 254,294 long tons in 1889 to only 26,585 long tons (all carbonate) in 1908.