Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, deep purple, to rusty red. The iron itself is usually found in the form of magnetite (Fe3O4), hematite (Fe2O3), goethite (FeO(OH)), limonite (FeO(OH).n(H2O)) or siderite (FeCO3). Ores carrying very high quantities of hematite or magnetite (greater than ~60% iron) are known as "natural ore" or "direct shipping ore", meaning they can be fed directly into iron-making blast furnaces. Most reserves of such ore have now been depleted. Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel. 98% of the mined iron ore is used to make steel. Indeed, it has been argued that iron ore is "more integral to the global economy than any other commodity, except perhaps oil".
Metallic iron is virtually unknown on the surface of the Earth except as iron-nickel alloys from meteorites and very rare forms of deep mantle xenoliths. Although iron is the fourth most abundant element in the Earth's crust, comprising about 5%, the vast majority is bound in silicate or more rarely carbonate minerals. The thermodynamic barriers to separating pure iron from these minerals are formidable and energy intensive, therefore all sources of iron used by human industry exploit comparatively rarer iron oxide minerals, the primary form which is used being hematite.
Iron (/ˈaɪərn/ EYE-ər-n) is a chemical element with the symbol Fe (from Latin: ferrum) and atomic number 26. It is a metal in the first transition series. It is the most common element (by mass) forming the planet Earth as a whole, forming much of Earth's outer and inner core. It is the fourth most common element in the Earth's crust. Iron's very common presence in rocky planets like Earth is due to its abundant production as a result of fusion in high-mass stars, where the production of nickel-56 (which decays to the most common isotope of iron) is the last nuclear fusion reaction that is exothermic. This causes radioactive nickel to become the last element to be produced before collapse of a supernova leads to the explosive events that scatter this precursor radionuclide of iron abundantly into space.
Like other group 8 elements, iron exists in a wide range of oxidation states, −2 to +8, although +2 and +3 are the most common. Elemental iron occurs in meteoroids and other low oxygen environments, but is reactive to oxygen and water. Fresh iron surfaces appear lustrous silvery-gray, but oxidize in normal air to give iron oxides, also known as rust. Unlike many other metals which form passivating oxide layers, iron oxides occupy more volume than iron metal, and thus iron oxides flake off and expose fresh surfaces for corrosion.
An ore is a type of rock that contains minerals with important elements including metals. The ores are extracted through mining; these are then refined to extract the valuable element(s).
The grade or concentration of an ore mineral, or metal, as well as its form of occurrence, will directly affect the costs associated with mining the ore. The cost of extraction must thus be weighed against the metal value contained in the rock to determine what ore can be processed and what ore is of too low a grade to be worth mining. Metal ores are generally oxides, sulfides, silicates, or "native" metals (such as native copper) that are not commonly concentrated in the Earth's crust or "noble" metals (not usually forming compounds) such as gold. The ores must be processed to extract the metals of interest from the waste rock and from the ore minerals. Ore bodies are formed by a variety of geological processes. The process of ore formation is called ore genesis.
An ore deposit is an accumulation of ore. Now this is distinct from a mineral resource as defined by the mineral resource classification criteria. An ore deposit is one occurrence of a particular ore type. Most ore deposits are named according to either their location (for example, the Witswatersrand, South Africa), or after a discoverer (e.g. the kambalda nickel shoots are named after drillers), or after some whimsy, a historical figure, a prominent person, something from mythology (phoenix, kraken, serepentleopard, etc.) or the code name of the resource company which found it (e.g. MKD-5 is the in-house name for the Mount Keith nickel ).
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