summary, page-50

Just some info on iron ore pelletising:
http://www.metso.com/miningandconstruction/mm_pyro.nsf/WebWID/WTB-041116-2256F-5E70F
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Some info on a crusher:
http://www.mineralcrusher.com/solution/magnetite-crusher.html
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Some info on the difference between Magnetite and Hematite
http://www.gindalbie.com.au/Our+Projects/Magnetite+vs.+Hematite/default.aspx
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Chinese interest, very interesting read, may have been posted before. Just a small snippet from the article

China's steelmakers see great potential in Australian magnetite ore

July 21, 2010

http://www.firstexind.com/news/July10/21.html


"If you're a Chinese steelmaker and you want a direct say in how much iron ore you get, the magnetites are the best option because they offer ground-floor exposure at relatively low cost and include offtake agreements," said Eagle Mining Research analyst Keith Goode. "It's not something the big boys can offer."

Firms such as Baosteel (600019.SS), Anshan Iron & Steel Group (Ansteel) (0347.HK), Sinosteel, Citic Pacific Mining (0267.HK), Shagang, China Metallurgical Corp and others are backing projects that promise to deliver 25 million tonnes over the next two years from only 3.3 million now.

CHINESE DEPOSITS FACE DEPLETION

Chinese steel mills have long fed on magnetite ores from once-abundant domestic deposits now facing depletion, while the focus in Australia has always been on plentiful supplies of hematite ores.

Magnetite, which accounts for just 1 percent of Australia's total iron ore production, has lower iron content -- around 36 percent versus 61 percent for hematite -- and must be upgraded, typically into pellet form, at an added cost of around $15 per tonne, to make it suitable for steel making.

By contrast, hematite is known as "direct shipping ore" or "DSO" because it is mined and beneficiated via a simple crushing and screening process before export.

But in the last few years iron ore of any type has turned to gold for anyone able to mine it and transport it to a port for a relatively short journey to Asian shores."

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