Magnetite Ore
Iran, behind Australia, Brazil and South Africa is fourth-biggest exporter of iron ore to China and in terms of proven reserves of iron ore is ranked eleventh in the world.
At the moment Iran exploit more than 34 million Metric ton of all types of iron ore.
Iron ore
production capacityCountryRank
35 Billion tonsAustralia1
29 Billion tonsBrazil2
25 Billion tonsRussia3
23 Billion tonsChina4
7 Billion tonsIndia5
6.9 Billion tonsAmerica6
6.5 Billion tonsUkraine7
6.3 Billion tonsCanada8
4 Billion tonsVenezuela9
3.5 Billion tonsSweden10
2.5 Billion tonsIran11
The metal is most often found in the form of hematite and magnetite, though goethite, limonite and siderite types of iron ore are also common. Iran has all of these types of iron ore. Approximately 98 percent of the types iron ore produced in the world is used to make steel.
This overview of what iron investors need to know about magnetite iron ore.
Magnetite
Chemical CompositionFe304 – Iron oxide
ColorBlack
CleavageNone, brittle
Hardness5.5 – 6.5 (harder than glass)
Specific Gravity5.2 (feels heavy compared to most rock-forming minerals, but about the same as other metallic minerals)
LusterMetallic to dull, opaque
StreakBlack
Special PropertiesMagnetism
As mentioned above, Magnetite is a form of iron ore and is a common component of igneous and metamorphic rocks. It can also be found in sedimentary rocks in banded iron formations. Of all the naturally-occurring minerals, magnetite is the most magnetic. Easy to recognize, this magnetic mineral is fairly-dense and appears black in color or gray with a brownish tint. River and beach sands can contain large amounts of magnetite and are often dredged and processed to separate the mineral. Magnetite is used to make such products as steel, paints, fertilizer, toner and concrete.
Magnetite ore is currently mined in Kerman, Khaf, Zanjan, Yazd and Zahedan in Iran, as well as in Sirjan. A major mining site in Sirjan is the Marquette Range. The deposit was discovered in 1980, and ore was first mined there in 1982. Magnetite ore and hematite ore are among the four types of iron ore deposits found in this area.
In sirjan, magnetite ore is mined mainly in the Golgohar Range, one of the four ranges that make up the Iron Range of Goharzamin. In Iran, Sirjan is home to the majority of magnetite ore mining. In particular, mining companies focus exploration and development on the iron-rich Sirjan Kerman.
Magnetite ore’s most distinctive property is its magnetism. It is the most magnetic mineral in the world. Additionally, obtaining iron from hematite ore can produce a great deal of carbon emissions, and the process for magnetite ore is much less harmful.
End products made from this type of iron ore are also of higher quality than that produced from hematite ore. The former has fewer impurities, making it a premium product that can be sold to steelmakers for higher prices. In this way, the elevated cost of processing magnetite ore can be balanced out.
Parse Modern Mining Company is a major player in the magnetite ore mining industry, with 3 iron ore mines that are focused on magnetite and hematite ore. For instance, the Magnetite mine, located in Sirjan, has a capacity of 3 million tons. Additionally, its chromite mine is in Esfandaghe Range and has a capacity of 1.5 million tons of Chromite ore.
Magnetite Iron ore fines grade 56 to 62 in size 0-10 and 10-25 mm are produced in our mines
