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In this way the elevated cost of processing magnetite ore can be balanced out Boton Gostar Perlite Company BGP Co 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

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The importance of iron ore to human society should be obvious but magnetite has also played a subtler but equally important historic role in human civilization Early on people discovered that striking magnetite lodestone against pieces of iron would magnetize the iron

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Most of Australia 39 s traditional iron ore projects mine ore deposits that are enriched naturally and contain high levels of iron The Pilbara region is rich in such hematite ore known also as direct shipping ore DSO DSO passes through a simple crushing screening and blending process beneficiation before it is shipped nbsp

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Use of Magnetite as an Ore of Iron Most of the iron ore mined today is a banded sedimentary rock known as taconite that contains a mixture of magnetite hematite and chert Once considered a waste material taconite became an important ore after higher grade deposits were depleted Today s commercial taconites contain 25 to 30 iron by weight

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Magnetic Separation and Iron Ore Beneficiation Magnetic separation is an old technique for the concentration of iron ores and for the removal of tramp iron Since 1849 a number of patents on magnetic separation have been issued in USA and texts of some of the patents before 1910 describe a variety of magnetic separators for mineral processing

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Magnetite is an important ore of iron Its perfect crystals are also famous among mineral collectors This mineral is of scientific interest because of its special magnetic properties
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