Iron ore price, page-3340

North Korea - Iron ore mining

Musan Mine, located at Musan-gun, in the Changryeol labor districts and Hamgyeongbuk-do, is being operated by Mitsubishi Mining Company of Japan since 1935. The ore is found a strike stip of 1200 m and is operated through nine blocks and extraction is by open pit method. Its iron ore handling capacity is 10 million tons per year. The annual production is reported to be 2 million tons of iron concentrate of 65% grade. After processing at the Gimchaek Steel Mill, iron is exported to China.

The Oryong Mine, located in Ryongcheon-ri, Hyeryeong City, in Hamgyeongbuk-do, has been in operation since 2007. Iron ore is embedded in granite formations as magnetite, hematite, and ilmenite in the Musan group and Liwon-am group of rocks, and the ore extracted in directly transported to China without milling. The ore exported in 2007 was of the order of 3,000 tons.

https://en.wikipedia.org/wiki/Mining_in_North_Korea