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The Classification Of Iron Ore:Magnetite,Hematite (1) magnetite iron minerals are magnetite, with the chemical formula of Fe3O4, which of FeO = 31% and Fe2O3 = 69% of the theoretical iron content of %. The ore sometimes contains a .
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This means that, due to its high iron content, such hematite ores may be mined and extracted with a fairly simple crushing and screening process before it is exported. Types of iron ore: Magnetite. As mentioned above, magnetite ore has a higher iron content than hematite ore, but often occurs in lower concentrations.
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