Overview Oceanic is focused on the development of the Ungava Bay iron properties. These properties comprise 3,703 claims over three project areas, namely Hopes Advance, Morgan Lake and Roberts Lake, which are located over 1,568 km 2 along the northern extension of the Labrador Trough in the Nunavik Region of northern Quebec.
Australia's total production of iron ore for 2012 was 520 Mt with WA producing 505 Mt, or 97% of overall production. South Australia had a slight increase in its iron ore production from approximately 10 Mt in 2011 to 10.7 Mt in 2012, representing 2% of Australia's total iron ore production.
Midrex Process for Direct Reduction of Iron Ore. Midrex is an ironmaking process, developed for the production of direct reduced iron (DRI). It is a gas-based shaft furnace process is a solid state reduction process which reduces iron ore pellets or lump ore into DRI without their melting using reducing gas generally formed from natural gas.
China's 2015 Iron Ore Supply CFR Costs (including royalties & ocean freight). Published in Fortescue's investor presentation. As can be seen from this chart, nearly all iron ore production in China is uneconomic under current market conditions, and many local mines have been recently closed / suspended.
Alternative iron source produced by heating an iron ore (generally having 65 to 70 percent iron) at a temperature high enough to burn off its carbon and oxygen content (a process called reduction) but below iron's melting point(1535°C or 2795°F).
Our Iron Ore product group is primarily focused on our world-class iron ore operations in Western Australia. We're the second largest supplier to the world's iron ore trade. Iron is a key ingredient in the production of steel – an essential part of modern living from buildings to cars ...