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Iron Ore mining in the Plibara region of Western Australia near Newman. The Mt. Whaleback, Yandi, and Area C mines are shown.

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Number five is a single pit that produces 77 million tonnes of iron ore per year.

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The iron ore majors' approach seems to be that prices may be falling but profitability can be maintained by economies of scale.

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Most iron ores mined today comprise the iron oxide minerals hematite, Fe2O...Pure iron is quite soft, but adding a small amount of carbon makes it ...