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General
  • Iron ores are rocks and minerals from which metallic iron can be economically extracted.
  • The ores are usually rich in iron oxides and vary in colour from dark grey, bright yellow, deep purple, to rusty red.
  • Pure iron is virtually unknown on the surface of the Earth except as Fe-Ni alloys from meteorites and very rare forms of deep mantle xenoliths.

Process

  • A Dry/Wet Screening plant carries out the processing of crude iron ore.
  • The dry process separates the ore by its size and the wet process uses water to beneficiate the sub-grade ore as well as segregate it to the required factions.
  • The sub-grade ore is submitted to scrubbing, wet screening, classification and hydro-cloning.
  • This process concentrates the iron ore by the size of its particles and removes impurities like Silica and Alumina, as tailings.

Market

  • Many high cost operations have emerged to fulfill the iron ore demand from China’s steel sector.
  • Domestic producers are highly fragmented, no high quality reserves and increasing environmental issues emerging.
  • Australia still the cheapest iron ore, even after the 71.5% FOB price increase.

Report

  • The government is torn between its conflicting intentions to conserve the iron ore deposits for the domestic industry and to export them to international buyers should not be an alibi for adopting a faulty policy paradigm.
  • The iron ore mining sector in Bellary district in Karnataka and the expanding web of illegal and corrupt practices that sustains it are finally to be brought under official scrutiny.
     

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