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Mar 14, 2014· The stripping ratio describes the unit of overburden that must be removed for each unit of crude ore mined. A typical open pit iron ore mine is shown in Fig 1. Fig 1 A typical open pit iron ore mine. On the basis of mining methods, iron ore mining can be broadly divided into two categories namely manual mining and mechanized mining.

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Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel. Indeed, it has been argued that iron ore is "more integral to the global economy than any other commodity, except perhaps oil ".

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Iron ore - Wikipedia

Available world iron ore resources. Iron is the most abundant element on earth but not in the crust. [citation needed] The extent of the accessible iron ore reserves is not known, though Lester Brown of the Worldwatch Institute suggested in 2006 that iron ore could run out within 64 years (that is, by 2070), based on 2% growth in demand per year.

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