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    10/2/2020· The price of iron ore has fluctuated a great deal in the last thirteen years. In 2003, one dmtu of iron ore cost 30 dollars, and increased to a high of 168 dollars per dmtu in 2011.

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    The price has seen dramatic drops in the past decade, from dollars per dry metric ton unit in March 2013 to a recent low of dollars per dmtu in December 2015.

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    ADVERTISEMENTS: Major minerals found in the country along with their estimated reserves are given below: 1. Bauxite Ore (Aluminium): The total in situation reserves is million tonnes. About 84 per cent of this reserve is of metallurgical grade. The conditional resources of bauxite are about 5, 99,780 tonnes. In addition, prospective resources are placed [.]

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    Pyrite also known as iron pyrite or fool's gold is an iron sulfide mineral. Pyrite is pale brass yellow colored and has metallic luster thus having resemblance with gold. Pyrite is found with other oxides and sulfide in rocks and coal beds. Some of the countries such as Peru, the, Russia, Spain and South Africa have commercially important deposits of pyrite. The flat radial disks of ...

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    Look for Pyrite in mineral veins where fluids moved through bodies of rock. Mineral veins typically contain the most prized pyrite crystals. Find Pyrite in sedimentary rocks such as shales. These shales, deposited in low oxygen conditions, tend to be dark in color and the pyrite crystals may be scattered or in big accumulations.

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    The mineral pyrite or iron pyrite is commonly referred to as Fool's Gold because its metallic luster and pale brassyellow hue give it a superficial resemblance to gold. In the old mining days, pyrite was sometimes mistaken for gold. Pyrite is the most common of the sulfide minerals .

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