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Mining iron ore is a high-volume, low-margin business, as the value of iron is significantly lower than base metals. It is highly capital intensive, and requires significant investment in infrastructure such as rail in order to transport the ore from the mine to a freight ship. For these reasons, iron ore production is concentrated in the hands of a few major players. World production averages
Iron mining in the United States produced 42.5 million metric tons of iron ore in 2015, worth US$3.8 billion. Iron ore was the third-highest-value metal mined in the United States, after gold and copper. Iron ore was mined from nine active mines and three reclamation operations in Michigan, Minnesota, and Utah.Most of the iron ore was mined in northern Minnesota's Mesabi Range.
I have a virgin iron ore mine and it looking like it could be a world class open pit.Im In need of a investor or a possible buy out. Iron ore 75% to 99% 10 lbs of ore gives me 3.2 lbs steel @ 99.97% grade 1038 with .750 manganese.I also am running gold and silver. Call me @ 406-490-7258 ask for Walt.
I am sure the mining company, Iron Ore, does not even ship 10 million tonnes a year, while from 1970 to 1975, it shipped almost 20 million tonnes. www2.parl.gc.ca Je suis certain que la compagnie minièr e Iron O re n'expédie même pas 10 millions de tonnes par année, alors que dans les années 1970-1975, elle en expédiait tout près de 20 millions.
‘Australia and China: An Iron Ore Partnership for the Future’ Ambassador Dr Geoff Raby Speech at 10th China International Steel & Raw Materials Conference 2010 28 September 2010 Introduction Mr Shan Shanghua, Secretary‐General, China Iron and Steel Association. Distinguished guests, ladies and gentlemen. It gives me great pleasure to attend today’s conference, and I would like to