Earth’s most important iron ore deposits are found in sedimentary rocks. They formed from chemical reactions that combined iron and oxygen in marine and fresh waters. The two most important minerals in these deposits are
iron oxides: hematite {Fe203) and magnetite {Fe304). These iron ores have been mined to produce almost every iron and steel object that we use today – from paper clips to automobiles to the steel beams in skyscrapers.
Nearly all of Earth’s major iron ore deposits are in rocks that formed over 1.8 billion years ago. At that time Earth’s oceans contained abundant dissolved iron and almost no dissolved oxygen.
The iron ore deposits began forming when the first organisms capable of photosynthesis began releasing oxygen into the waters. This oxygen immediately combined with the abundant dissolved iron to produce hematite or magnetite. These minerals deposited on the sea floor in great abundance, forming what are now known as the “banded iron formations.” The rocks are “banded” because the iron minerals deposited in alternating bands with silica and sometimes shale. The banding might have resulted from seasonal changes in organism activity.
98% of iron ore is used for pig iron in steel-making. Steel is used in:
The primary use of iron ore is in the production of iron. Most of the iron produced is then used to make steel. Steel is used to make automobiles, locomotives, ships, beams used in buildings, furniture, paper clips, tools, reinforcing rods for concrete, bicycles, and thousands of other items. It is the most-used metal by both tonnage and purpose.
