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The prices of iron ore rose sharply from around $10 per tonne in 2003 to around $170 in April 2009 (transported to China). After that (written September 2013) the price was between $100 and $150; [ 100 ] in September 2014 it started dropping precipitously, and was below $70 per ton in December 2014.
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This 170 million tonnes of iron ore generated revenue of $20.2 billion, or 31% of total revenue, indicating that the company sold its iron ore production for an average price of $118.90 per tonne.
Elemental iron is virtually absent on the Earth's surface except as iron-nickel alloys from meteorites and very rare forms of deep mantle xenoliths.Although iron is the fourth most abundant element in Earth's crust, composing about 5% by weight, [4] the vast majority is bound in silicate or, more rarely, carbonate minerals, and smelting pure iron from these minerals would require a prohibitive ...
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This is a list of countries by iron ore production based on U.S. Geological Survey data. [a] List. Rank Country Usable iron ore production (× 1000 tonnes) Year
Fresh water is used in the mining process for the extraction of minerals like coal and the processing of ore. [35] After the water has cycled through the mining process, it is discharged as effluent. The effluent or drainage is acidic due to the presence of sulfuric acid.
The state has the world's largest reserves of iron ore with 29% of the world's iron ore, followed by Brazil with 19%, Russia with 15% and China with 12%. [2] [5] [3] In 2020–21 the Western Australian Government received A$9.8 billion in royalties from the iron ore mining industry in the state.