Iron ore is the material used to make pig iron, which is one of the main materials to make steel—98% of the mined iron ore is used to make steel. In 2011 the Financial Times has speculated that iron ore is "more integral to the global economy than any other commodity, except perhaps oil ".
"We're not so good at adding downstream value; we can dig it out of the ground but we're not pioneers in steelmaking, or iron ore or coal beneficiation either," he told S&P Global Platts. He cited the examples of BHP Billiton's hot briquetted iron plant at Port Hedland which was closed in 2005, and Rio Tinto's HIsmelt pig iron plant, which was .
in on-site beneficiation operations. Energy for metals with low on-site beneficiation, such as bauxite and iron ore, is predominately consumed as diesel for plant involved in extraction and transport. Energy for metals with high on-site site beneficiation, such as copper and gold, is predominantly consumed as electricity5. 1. Industry overview
Following the acquisition of Essar for Rs 42,000 crore, AMNS — where ArcelorMittal has 60 per cent and Nippon Steel of Japan has 40 per cent — established a presence in Odisha where it operates an iron ore beneficiation plant at Keonjhar district and a pellet plant at Paradip.
ArcelorMittal first signed a similar memorandum with Odisha in 2006 to build a 12 mtpa plant but pulled out in 2013, citing inordinate delay and problems with acquiring land and securing iron ore .
The company also has two iron ore mines—Thakurani block with a reserve of 179.26 MT and Ghoraburhani-Sagasahi iron ore block with a reserve of 78.24 MT, originally bagged by Essar.
Thickeners are used to separate solids from liquids by means of gravity sedimentation. Most thickeners are larger, continuous operation pieces of equipment. They are used for heavy duty applications such as coal, iron ore taconites, copper pyrite, phosphates, and other beneficiation processes.
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