Source: Geoscience Australia. Pure hematite contains 69.9% Fe by molecular weight. The resulting ratio is a snapshot in time that can only be used for general impressions because it is an average and it assumes (1) that production rates in the future will remain the same as those used in the calculation, (2) deposits deemed economic/uneconomic remain so in the future and (3) that depleted reserves are never replaced. Mar 14, 2014018332Large iron ore mines are mechanized mines while manual mining methods are employed in the small mines. Australia's EDR of iron ore declined from 1994 to 2003 (Figure 3.17) as a result of the combined impacts of increased rates of mine production and mining companies re-estimating reserves and resources to comply with the requirements of the JORC Code. Geoscience Australia maintains a number of online tools to promote the discovery and delivery of data. How is iron ore mined in Australia? Symonston ACT 2609, General Enquiries: 1800 800 173 Australian Resource Reviews: Iron Ore 2017. The Extension iron ore mine in Western Australia will be the first iron ore mine in Australia to be owned and operated by Aboriginal Australian. Email: media@ga.gov.au. Savage River comprises several magnetite deposits, namely North Pit, Central Pit and South Pit. Bibliographical reference: Summerfield, D., 2020. Figures rounded to nearest five years. This significant increase of over 170 Mt brings the resource to 545 Mt as at 31 December 201830. Iron ores of this type are commonly termed the banded iron formation or simply abbreviated as BIF. Switchboard: +61 2 6249 9111 Magnetite ore has established a presence in world production and contributes to Australia's EDR of iron ore, largely from established operations such as Savage River in Tasmania, Sino Iron in the Pilbara and from other magnetite resource deposits in Western Australia and South Australia. Australia's biggest trading partner last year bought $65billion worth of iron ore. Geoscience Australia provides Earth observation services, expert advice, and information for decision makers. The Brockman Iron Formation in the Hamersley province contains significant examples of high-grade hematite iron ore deposits. This is illustrated by Table 5, which compares reserve and resource lives for only operating mines with those for all deposits. Source: Office of the Chief Economist, Department of Industry, Innovation and Science, Resources and Energy Quarterly (September 2018). Because iron ore is a part of everyday life, the modern This offsets the lower ore grades and higher costs of production. Teaching resources for primary and secondary levels including background information, student activities, full-colour cut-out 3D models and posters. Mt = million tonnes. Annual Report 2018. Iron ore is mined in 50 countries and most especially mined in Western Australia. 41 Red Hill Iron Limited. Geoscience Australia provides web services for public use that allow access to our data without having to store datasets locally. The pellets contain 65% to 70% iron, which is a higher iron grade than the hematite DSO currently being exported from the Hamersley region. Mineral commodity summaries 2019. The company has no immediate development plans for the Wiluna West iron ore deposit but reported in August 2019 that it had executed a "Term Sheet for a Mining Rights Agreement" with Gold Valley Iron Ore Pty Ltd to mine up to 3 Mt of iron ore from the project's John William Doutch deposit54. Newsletters for a number of different audiences which you can subscribe to. We pay our respect to them and their cultures and to the elders past and present. The combined JORC Mineral Resource for Blacksmith and Anvil now stands at 1484 Mt, with an average grade of 52.2% Fe. 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