cost estimation for extraction of iron ore

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    Iron ores are rocks from which metallic iron can be economically extracted. These rocks are usually found in the form of hematite (Fe2O3) or magnetite (Fe3O4). About 98% of world iron ore production is used to make iron in the form of steel. Iron ore provides the foundation for one of Australias major export industries.

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    Mining of Iron Ores. Iron ore is a type of mineral and rock from which metallic iron is extracted economically. This ore is normally rich in iron oxides and vary in ...