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The project involves haematite mining on a small scale and magnetite mining on a large scale. The project cost, as of October 2012, amounts to A1bn 1.03bn. In March 2011, the company approved the start of scoping studies on a new expansion that will increase production from 10Mtpa to
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May 15, 2019 The future of mining in India is uncertain due to weak legislation, resource overuse, and a central government focused on rapid resource development. The countrys deposits of the ore, including both haematite and magnetite sources, fell from 8.3bnt in 2010 to 5.9bnt in 2015. equipment, and skill sets. India has struggled recently
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Indias Iron ore resources are estimated at 28.5 billion tonnes, distributed between Haematite at 17.9 and Magnetite at 10.6 billion tonnes. Though, both numbers are impressive at first glance heres a staggering fact while 45 of the haematite resources are classified as reserves, a meager 0.2 of magnetite receives the same recognition.
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