Hematite from Iron Ore/Lumps [Haematite, mineral form of iron(III) oxide (Fe2O3), Oxide Minerals] – Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Production Schedule, Working Capital Requirement, plant layout, process flow sheet, Cost of Project, Projected Balance Sheets, Profitability Ratios, Break Even Analysis
Hematite is one of the most abundant minerals on Earth’s surface and in the shallow crust. It is an iron oxide with a chemical composition of Fe2O3. It is a common rock-forming mineral found in sedimentary, metamorphic, and igneous rocks at locations throughout the world.
Hematite is the most important ore of iron. Although it was once mined at thousands of locations around the world, today almost all of the production comes from a few dozen large deposits where significant equipment investments allow companies to efficiently mine and process the ore. Most ore is now produced in China, Australia, Brazil, India, Russia, Ukraine, South Africa, Canada, Venezuela, and the United States.
Hematite has a wide variety of other uses, but their economic significance is very small compared to the importance of iron ore. The mineral is used to produce pigments, preparations for heavy media separation, radiation shielding, ballast, and many other products.
The most important iron ore types found in India are hematite and magnetite. Nearly 61% of hematite ore deposits are found in the eastern part of India and 82% of magnetite ore deposits occur in southern part of India, especially in the state of Karnataka. Iron ore Hematite contains 60 per cent to 70 per cent pure iron and is found in Andhra Pradesh, Jharkhand, Orissa, Chhattisgarh, Goa, Karnataka, Maharashtra and Rajasthan. Therefore, it is a good project for entrepreneurs to invest.
Few Indian Major Players are as under
- Adhunik Alloys & Power Ltd.
- Atibir Industries Co. Ltd.
- Bajrang Metalics Ltd.
- Banspani Iron Ltd.
- Canara Overseas Ltd.
- Chaman Metallics Ltd.
- Comfoams Ltd.
- Concast Steel & Power Ltd.
- Khedaria Ispat Ltd.
- Kundil Sponge Iron Ltd.
- M B Ispat Corpn. Ltd.
- M G M Minerals Ltd.
- M S P L Ltd.
- M S P Metallics Ltd.
- Shree Sidhbali Ispat Ltd.
- Shri Hare-Krishna Sponge Iron Ltd.
- Steel Exchange India Ltd.
- Suraj Products Ltd.
- Tata Sponge Iron Ltd.
- V S L Steels Ltd.
- Vikas Metaliks & Energy Ltd.
- Yazdani Steel & Power Ltd.
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