It would need a beneficiation process either at the place of export or before being exported. There many pros and cons between magnetite and DOS Hematite. It's not so much B grade as far as Magnetite goes and from what Dr Burston told me a few years back there is very little drilling and blasting needed it's very easy to mine.
BFS of its large Iron ore Agbaja Cast Steel Project expected soon!, page-95
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