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WhatsAppGet PriceGet A QuoteA few iron ore deposits, notably in Chile, are formed from volcanic flows containing significant accumulations of magnetite phenocrysts. Chilean magnetite iron ore deposits within the Atacama Desert have also formed alluvial accumulations of magnetite in streams leading from these volcanic formations.
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WhatsAppGet PriceGet A QuoteHowever, LKAB is a leading manufacturer of highly refined iron ore pellets and is thus able to operate reasonably economically. About 83 % of their iron ore goes into the processing and production of pellets. However, in 2014 and 2015, the company‘s operational result collapsed due to iron ore price erosion, and the company went into the red.
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Hydrothermal ores – These are iron ore deposits formed by hot solutions which transported iron and replaced rocks of favorable chemical composition with iron minerals to form irregular ore bodies. In these deposits, iron often occurs as siderite (FeCO3) or sometimes as oxides.
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