An overview of the iron ore industry

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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durban1

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An overview of the iron ore industry

posted on Jul 21, 2014 09:43AM

Below are some interesting facts about the iron ore business you may be interested to know. For the full article follow:

http://marketrealist.com/2014/07/must-know-basics-iron-ore/

Good reading !

Cheers,

durban1

Must-know: An overview of the iron ore industry

Part 1 2 3 4 5 6 7 8 9 10 11 12 Part 13 Iron Ore (12)

Must-know: An overview of the iron ore industry (Part 1 of 13)

Must-know: The basics of iron ore

By Anuradha Garg • Jul 16, 2014 4:47 pm EDT

The basics of iron ore

Iron ore is the fourth most abundant element on the earth’s crust after oxygen, silicon, and aluminium—it forms about 5% of it. It’s present in the form of rocks and minerals from which ore can be extracted. It’s most often found in the form of hematite and magnetite deposits, although goethite, limonite, and siderite deposits are also common. These deposits vary with the percentage of the iron content present. More content means better quality ore, less cost, and less time consumed during the iron extraction.

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