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Iron ore can be extracted underground by using tunnelling and shaft equipment, or it can be sourced at ground level through the use of open pit mines (also known as surface mines). Iron ore is then

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Sep 17, 2015· Spot iron ore prices. Source: Vale's website. As a result, a number of high-cost iron ore mines have been closed and suspended throughout the world in 2014, with up to 30% of low-grade iron ...

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Australia is a global top five producer of gold, iron ore, lead, zinc and nickel and also has the world's largest uranium and fourth largest black coal resources, respectively. As the fourth largest mining country in the world (after China, the United States and Russia), Australia will have ongoing demand for high-tech equipment, representing ...

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Iron ore mining in Western Australia, in the financial year 2008-09, accounted for 47 percent of the total value of the state's resources, with a value of A$33.56 billion. The overall value of the mineral and petroleum industry in Western Australia was A$71.3 billion in 2008-09, ...

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