what is the difference between iron ore and gold mining australia

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    The Karara mine located about 220km east of Geraldton in Western Australia holds 955 million tonnes of iron ore (36.4% Fe) and is the tenth biggest iron ore mine in the world. The mine was officially opened in April 2013 and is expected to produce more than 30 million tonnes per annum of magnetite concentrate for in excess of 30 years.

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    Spot ore with 62 percent iron content jumped 3.7 percent to $72.68 a metric ton, the highest since September 14, according to Metal Bulletin Ltd.

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  • Iron Ore

    Iron ore mining methods vary by the type of ore being mined. There are four main types of iron ore deposits worked currently, depending on the mineralogy and geology of the ore deposits. These are magnetite, titanomagnetite,