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Equipment Cost For Iron Ore Mining

metal ore mining in europe mineral processing,on a world scale, the quantities produced are low. since the iron ore is extracted in underground mines fig. 2, mining costs are hardly competitive compared to the open pit mines of, for example, australia or brazil. as a consequence, the low iron ore prices have been very problematic for mining b the recent increase in iron ore prices,iron ore prices have increased sharply in recent months. developments in the global iron ore market are important for australias economy. australia is the largest global producer and exporter of iron ore and in 2018 exported around 830 million tonnes of iron ore worth a63 billion..

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