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Horizons containing magnetite as the dominant mineral have been extensively mined since 1955 to produce iron ore pellets; the term 'taconite' has consequently been colloquially adapted to describe the magnetite iron-formation ores (taconite iron ore), the mining, milling, magnetic separation, and agglomerating process (taconite process), and ...
As of 2019, magnetite iron ore is mined in Minnesota and Michigan in the United States, eastern Canada, and northern Sweden. [8] Magnetite-bearing banded iron formation is mined extensively in Brazil as of 2019, which exports significant quantities to Asia , and there is a nascent and large magnetite iron ore industry in Australia .
Magnetite has been important in understanding the conditions under which rocks form. Magnetite reacts with oxygen to produce hematite, and the mineral pair forms a buffer that can control how oxidizing its environment is (the oxygen fugacity). This buffer is known as the hematite-magnetite or HM buffer.
The ore body at Benson Mine is composed of magnetite and non-magnetite ore. The average percentage of iron in both magnetite and non-magnetite ore was about 23%, less than the 40% at Chateauguay. Iron-ore deposits that contained 50% or more iron were depleted in the United States by the mid-1940s.
Iron ore was the third-highest-value metal mined in the United States, after gold and copper. [2] 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. Net exports (exports minus imports) were 3.9 million tons.
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Sand used for mining typically had anywhere from 19% magnetite to as low as 2%. The ironsand typically had to be separated from the sand mixture. Because the magnetite is usually heavier than quartz, feldspar, or other minerals, separation was usually done by washing it in sluice boxes (a method similar to gold panning but on a larger scale).
The mine will cover only 17 acres (6.8 hectares) and will operate for three to six years, producing at least 2 million pounds (about 907,000 kilograms) of uranium — enough to power the state of ...