Solaris can source both Hematite and Magnetite Iron Ore, some Mills prefer hematite and some magnetite. Solaris is on the constant outlook for iron ore mines with either type of Iron Ore to sell to our clients.
Hematite is considered a highly valuable mineral as it forms the most abundant ore of iron. Iron ore is an extremely important factor in the global economy, making hematite a commonly used source. Hematite can be distinguished by its physical characteristics, mainly its dark, black colour and red powder. Its tabular crystals are often grouped into aggregates or form round, bulbous shapes.
Magnetite and ores experience a longer, more effortful separation process. To extract the desired materials from magnetite ores, the deposits must go through a process involving:
Depending on the desired outcome, some iron deposits may experience further separation processes, as seen with iron pellets.
Although magnetite’s require a more time consuming beneficiation process, and thereby require more money spent by the mining company, the final products have significantly fewer impurities than the products of hematite ores.
Hematite ores may be advantageous to mining companies as it saves time and money. However, hematite ores produce a high level of impurities that manufacturing companies must deal with. The receiving firms must provide the time and money to eliminate impurities, often by running blast furnaces for an extended period of time. Therefore, depending on the point of view, Hematite Ores are an advantage while simultaneously being a disadvantage.
Furthermore, while taconite ores may begin with poor iron grade levels, once enduring beneficiation, taconite products assume iron grade levels averaging 65 per cent Fe. Therefore, in place of immediacy, magnetite ores and taconite ores supply manufacturers with better quality iron products.
Hematite, magnetite, and taconite ores all result in products rich in iron grade levels. Depending on factors like time and money, each ore provide a variety of advantages and disadvantages.