Iron Ore Consolidates while Vale, Rio, BHP Ramp up
The lower consumption and inventory buildup coupled with high iron ore prices could further prompt the steel mills to curb the steel output, which in a cascade could hamper the iron ore prices. Post understanding the iron ore dynamics, let us now take a look over the Australian iron ore miners such as Rio Tinto and BHP Billiton .
1.1 PHASES OF A MINING PROJECT There are different phases of a mining project, beginning with mineral ore exploration and ending with the postclosure period. What follows are the typical phases of a proposed mining project. Each phase of mining is associated with different sets of environmental impacts. 1.1.1 Exploration
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Iron ore is found in nature in the form of rocks, mixed with other elements. By means of various industrial processes incorporating cuttingedge technology, iron ore is processed and then sold to steel companies. The iron ore produced by Vale can be found in houses, cars and household appliances.
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