| History
of Iron Ore |
IRON ORE
ORIGIN : INDIAN
This item is known as IRON ORE, when
this will be crushed into a crusher, it will get into sizes
that are known as SIZE ORE (lumps).
While crushing some of ores are crushed a lot the powder which
comes that is known as IRON ORE FINES, which
is been exported to china from past a decade. Indian market
is growing day by day in this item, as the government is also
looking for the Exporters to prove themselves. As of now Iron
ore fines market is hold by Indian Experts for iron ore, that
this tem will hold the export market for next 20 - 30 years.
The geological and metallurgical history of India is similar
to those of the mineral-rich countries of Australia and South
Africa and continents of South America and Antarctica, all of
which formed a continuous landmass before the breaking up of
Gondwanaland. |
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INDIA is endowed with rich mineral resources.
With a history of mining activity dating back to the pre-Harappan
period, it is today gearing to become a leading producer and
exporter of a range of minerals.
Under the initiative and guidance of the Union Ministry of Mines,
the identification and management of the country's vast and
varied mineral resources is making purposeful progress.
India has been a traditional exporter of minerals. Minerals
and metals exports account for about 20 per cent of total exports.
There is potential for growth in exports and the increase in
exploration and production resulting from enhanced private sector
participation should help tap this potential optimally.
Iron ore Fines market to remain in balance till 2020
THE biggest bull market in iron ore history culminated in a
71.5 per cent rise in iron ore fines prices in 2005.
What is the iron ore outlook? Is it all over for the market?
"Definitely not," according to Mr. Jim Lennon, analyst with
Macquarie Bank, who made a presentation at the annual dry bulk
shipping market outlook conference in London recently. The expert
said China and China alone has driven the bull market in iron
ore since 1990.
The sea-borne market has grown by 305 million tonnes, of which
China has accounted for 250 million tonnes (mt) or 82 per cent;
and since 2000, the country has accounted for as much as 93.5
per cent of growth, he pointed out, adding that China will continue
to dominate iron ore sea-borne growth.
Forecasting that iron ore market will remain balanced to short
up to 2010, the analyst said the market would be impacted by
how quickly new projects can ramp up. Capital cost overruns
and shortage of equipments and people would remain an issue.
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There has been
a huge leap in world steel growth since 1999 - 268 mt during
1999-2004 versus fluctuating growth /degrowth during the previous
five-year periods. China is the main, but not the only reason,
for this growth.
China represented 56 per cent of growth since 1989, India 2.9
per cent, other Asia 11 per cent, Former Soviet Union 8 per
cent, Latin America 4.7 per cent and Japan, West Europe and
the US combined 10 per cent.
There has been a phenomenal growth in Chinese steel (crude steel
production up 37.5 per cent year-on-year in May to annualised
rate of 350 mt per annum), but it is now balanced between demand
and supply.
The Photo shown beside is the mountain range of Iron
Ore Contents. |
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| The Photo Shows
the interior portion of the mining of high Grade Fe percentage
of Iron Ore. |
The photo showing
the movement of Iron Ore through conveyor belt system
towards stockyard for onward movement to port. |
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China's massive industrial growth means it has a voracious appetite
for raw materials and it has turned largely to Australia to
satisfy its hunger. Iron ore is just one of the commodities
in hot demand.
Anecdotal evidence suggests iron ore producers, particularly
the smaller players, are being cold called by Chinese steel
mills on an almost daily basis seeking shipments of iron ore.
Recent concerns that China's regulators were trying to put the
brakes on the runaway economy have failed to dampen enthusiasm.
Let's face it, given China's size the forecast growth rates
of seven to eight per cent (down from nine to 10 per cent) are
still exceptionally strong and it means one helluva lot of iron
ore.
Iron ore companies cannot dig the stuff out of the ground quick
enough and they are pouring huge amounts of money into the biggest
growth seen since the industry was first developed in the 1960s.
On the other side of the iron-rich Indian Ranges, in orissa
and southern india is expanding the capacity of its Iron ore
and Iron ore fines divisions to more than 180 million tonnes
a year, from the current 145 million tonnes, and has commissioned
its second joint venture mine with Chinese partners.
India produces over 24% of the world's iron ore with a value
of around $3300 million. The dewatering of fines from iron ore
processing is becoming increasingly important to the industry
as more ore is being 'wet' processed. Efficient dewatering operations
can help to reduce costs associated with downstream transport,
handling and drying operations. In our coming days Iron ore
export will be grown by 77% of the export items to china. Government
is also quite keen about this export item to china.
This item is going to be the largest export future for Indian
market in china.
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