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Beneficiation of Iron Ores. Iron ore is a mineral which is used after extraction and processing for the production of iron and steel. The main ores of iron usually contain Fe2O3 (70 % iron, hematite) or Fe3O4 (72 % iron. magnetite). Ores are normally associated with unwanted gangue material.
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The iron ore industry classifies the material by the concentration of the metal that is present after iron ore beneficiation has been completed. Highgrade iron ore must have a concentration of 65% iron or higher, and medium grade of 62% to 65%.
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