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Ore is natural
rock Rock most often refers to: * Rock (geology), a naturally occurring solid aggregate of minerals or mineraloids * Rock music, a genre of popular music Rock or Rocks may also refer to: Places United Kingdom * Rock, Caerphilly, a location in Wales ...
or
sediment Sediment is a naturally occurring material that is broken down by processes of weathering and erosion, and is subsequently transported by the action of wind, water, or ice or by the force of gravity acting on the particles. For example, sand an ...
that contains one or more valuable
mineral In geology and mineralogy, a mineral or mineral species is, broadly speaking, a solid chemical compound with a fairly well-defined chemical composition and a specific crystal structure that occurs naturally in pure form.John P. Rafferty, ed. ( ...
s, typically containing
metal A metal (from Greek μέταλλον ''métallon'', "mine, quarry, metal") is a material that, when freshly prepared, polished, or fractured, shows a lustrous appearance, and conducts electricity and heat relatively well. Metals are typicall ...
s, that can be mined, treated and sold at a profit.Encyclopædia Britannica. "Ore". Encyclopædia Britannica Online. Retrieved 7 April 2021Neuendorf, K.K.E., Mehl, J.P., Jr., and Jackson, J.A., eds., 2011, Glossary of Geology: American Geological Institute, 799 p. Ore is extracted from the earth through
mining Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic via ...
and treated or refined, often via
smelting Smelting is a process of applying heat to ore, to extract a base metal. It is a form of extractive metallurgy. It is used to extract many metals from their ores, including silver, iron, copper, and other base metals. Smelting uses heat and a ch ...
, to extract the valuable metals or minerals. The ''grade'' of ore refers to the concentration of the desired material it contains. The value of the metals or minerals a rock contains must be weighed against the cost of extraction to determine whether it is of sufficiently high grade to be worth mining, and is therefore considered an ore. Minerals of interest are generally
oxides An oxide () is a chemical compound that contains at least one oxygen atom and one other element in its chemical formula. "Oxide" itself is the dianion of oxygen, an O2– (molecular) ion. with oxygen in the oxidation state of −2. Most of the E ...
,
sulfides Sulfide (British English also sulphide) is an inorganic anion of sulfur with the chemical formula S2− or a compound containing one or more S2− ions. Solutions of sulfide salts are corrosive. ''Sulfide'' also refers to chemical compounds la ...
,
silicates In chemistry, a silicate is any member of a family of polyatomic anions consisting of silicon and oxygen, usually with the general formula , where . The family includes orthosilicate (), metasilicate (), and pyrosilicate (, ). The name is al ...
, or
native metal A native metal is any metal that is found pure in its metallic form in nature. Metals that can be found as native deposits singly or in alloys include aluminium, antimony, arsenic, bismuth, cadmium, chromium, cobalt, indium, iron, manganese, m ...
s such as
copper Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkis ...
or
gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile met ...
. Ores must be processed to extract the elements of interest from the waste rock. Ore bodies are formed by a variety of
geological Geology () is a branch of natural science concerned with Earth and other astronomical objects, the features or rocks of which it is composed, and the processes by which they change over time. Modern geology significantly overlaps all other Eart ...
processes generally referred to as
ore genesis Various theories of ore genesis explain how the various types of mineral deposits form within Earth's crust. Ore-genesis theories vary depending on the mineral or commodity examined. Ore-genesis theories generally involve three components: sour ...
.


Ore, gangue, ore minerals, gangue minerals

In most cases, an ore does not consist entirely of a single ore mineral but it is mixed with other valuable minerals and with unwanted or valueless rocks and minerals. The part of an ore that is not economically desirable and that can not be avoided in mining is known as
gangue In mining, gangue () is the commercially worthless material that surrounds, or is closely mixed with, a wanted mineral in an ore deposit. It is thus distinct from overburden, which is the waste rock or materials overlying an ore or mineral body t ...
. The valuable ore minerals are separated from the gangue minerals by
froth flotation Froth flotation is a process for selectively separating hydrophobic materials from hydrophilic. This is used in mineral processing, paper recycling and waste-water treatment industries. Historically this was first used in the mining industry, wher ...
, gravity concentration, and other operations known collectively as
mineral processing In the field of extractive metallurgy, mineral processing, also known as ore dressing, is the process of separating commercially valuable minerals from their ores. History Before the advent of heavy machinery the raw ore was broken up using ...
or
ore dressing In the field of extractive metallurgy, mineral processing, also known as ore dressing, is the process of separating commercially valuable minerals from their ores. History Before the advent of heavy machinery the raw ore was broken up using ...
.


Ore deposits

An ore deposit is an economically significant accumulation of minerals within a host rock. This is distinct from a mineral resource as defined by the mineral resource classification criteria. An ore deposit is one occurrence of a particular ore type. Most ore deposits are named according to their location, or after a discoverer (e.g. the
Kambalda Kambalda is a small mining town about from the mining city of Kalgoorlie in Western Australia, within the Goldfields. It is split into two townsites apart, Kambalda East and Kambalda West; and is located on the western edge of a giant salt ...
nickel shoots are named after drillers), or after some whimsy, a historical figure, a prominent person, a city or town from which the owner came, something from mythology (such as the name of a god or goddess) or the code name of the resource company which found it (e.g. MKD-5 was the in-house name for the Mount Keith nickel sulphide deposit).


Classification

Ore deposits are classified according to various criteria developed via the study of economic geology, or
ore genesis Various theories of ore genesis explain how the various types of mineral deposits form within Earth's crust. Ore-genesis theories vary depending on the mineral or commodity examined. Ore-genesis theories generally involve three components: sour ...
. The classifications below are typical.


Hydrothermal epigenetic deposits

* ''Mesothermal''
lode In geology, a lode is a deposit of metalliferous ore that fills or is embedded in a fissure (or crack) in a rock formation or a vein of ore that is deposited or embedded between layers of rock. The current meaning (ore vein) dates from the 17t ...
gold deposits, typified by the
Golden Mile Golden Mile or The Golden Mile may refer to: Geographical features * Golden Mile (Belfast), Belfast, Northern Ireland, United Kingdom (UK) * Golden Mile (Blackpool), Blackpool, UK * Golden Mile (Brentford), Brentford, UK * Golden Mile (Leices ...
,
Kalgoorlie Kalgoorlie is a city in the Goldfields–Esperance region of Western Australia, located east-northeast of Perth at the end of the Great Eastern Highway. It is sometimes referred to as Kalgoorlie–Boulder, as the surrounding urban area includ ...
* Archaean conglomerate hosted gold-uranium deposits, typified by those at
Elliot Lake Elliot Lake is a city in Algoma District, Ontario, Canada. It is north of Lake Huron, midway between the cities of Sudbury and Sault Ste. Marie in the Northern Ontario region. Once dubbed the "uranium capital of the world," Elliot Lake has since ...
, Ontario, Canada and
Witwatersrand The Witwatersrand () (locally the Rand or, less commonly, the Reef) is a , north-facing scarp in South Africa. It consists of a hard, erosion-resistant quartzite metamorphic rock, over which several north-flowing rivers form waterfalls, which ...
,
South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...
*
Carlin–type gold deposit Carlin–type gold deposits are sediment-hosted disseminated gold deposits. These deposits are characterized by invisible (typically microscopic and/or dissolved) gold in arsenic rich pyrite and arsenopyrite. This dissolved kind of gold is c ...
s, including; * ''Epithermal'' stockwork vein deposits


Granite related hydrothermal

* IOCG or iron oxide copper gold deposits, typified by the supergiant Olympic Dam Cu-Au-U deposit *
Porphyry copper Porphyry copper deposits are copper ore bodies that are formed from hydrothermal fluids that originate from a voluminous magma chamber several kilometers below the deposit itself. Predating or associated with those fluids are vertical dikes of ...
+/- gold +/- molybdenum +/- silver deposits * Intrusive-related copper-gold +/- (tin-tungsten), typified by the
Tombstone, Arizona Tombstone is a historic city in Cochise County, Arizona, United States, founded in 1877 by prospector Ed Schieffelin in what was then Pima County, Arizona Territory. It became one of the last boomtowns in the American frontier. The town grew si ...
deposits * Hydromagmatic
magnetite Magnetite is a mineral and one of the main iron ores, with the chemical formula Fe2+Fe3+2O4. It is one of the oxides of iron, and is ferrimagnetic; it is attracted to a magnet and can be magnetized to become a permanent magnet itself. With the ...
iron ore deposits and skarns *
Skarn Skarns or tactites are hard, coarse-grained metamorphic rocks that form by a process called metasomatism. Skarns tend to be rich in calcium-magnesium-iron-manganese-aluminium silicate minerals, which are also referred to as calc-silicate minerals ...
ore deposits of copper, lead, zinc, tungsten, etcetera


Magmatic deposits

* Magmatic nickel-copper-iron-PGE deposits including **
Cumulate Cumulate rocks are igneous rocks formed by the accumulation of crystals from a magma either by settling or floating. Cumulate rocks are named according to their texture; cumulate texture is diagnostic of the conditions of formation of this group o ...
vanadiferous or platinum-bearing
magnetite Magnetite is a mineral and one of the main iron ores, with the chemical formula Fe2+Fe3+2O4. It is one of the oxides of iron, and is ferrimagnetic; it is attracted to a magnet and can be magnetized to become a permanent magnet itself. With the ...
or
chromite Chromite is a crystalline mineral composed primarily of iron(II) oxide and chromium(III) oxide compounds. It can be represented by the chemical formula of FeCr2O4. It is an oxide mineral belonging to the spinel group. The element magnesium can s ...
** Cumulate hard-rock titanium (
ilmenite Ilmenite is a titanium-iron oxide mineral with the idealized formula . It is a weakly magnetic black or steel-gray solid. Ilmenite is the most important ore of titanium and the main source of titanium dioxide, which is used in paints, printing ...
) deposits ** Komatiite hosted Ni-Cu-PGE deposits **
Subvolcanic A subvolcanic rock, also known as a hypabyssal rock, is an intrusive igneous rock that is emplaced at depths less than within the crust, and has intermediate grain size and often porphyritic texture between that of volcanic rocks and plutonic r ...
feeder subtype, typified by Noril'sk-Talnakh and the
Thompson Belt The Thompson Belt, also referred to as the Thompson Nickel Belt, is an Archean and early Proterozoic geologic feature in Manitoba, Canada. It contains gneiss related to deformation of the Trans-Hudson orogeny The Trans-Hudson orogeny or Tra ...
, Canada ** Intrusive-related Ni-Cu-PGE, typified by
Voisey's Bay Voisey's Bay is a bay of the Atlantic Ocean in Labrador, Canada. The bay is located south of the community of Nain. The bay is heavily indented with numerous inlets and islands and is extremely rocky. It is the site of the Voisey's Bay Mine. ...
, Canada and Jinchuan, China *
Lateritic nickel ore deposits Lateritic nickel ore deposits are surficial, weathered rinds formed on ultramafic rocks. They account for 73% of the continental world nickel resources and will be in the future the dominant source for the mining of nickel. Genesis and types of ni ...
, examples include Goro and Acoje, (
Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...
) and Ravensthorpe,
Western Australia Western Australia (commonly abbreviated as WA) is a state of Australia occupying the western percent of the land area of Australia excluding external territories. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to th ...
.


Volcanic-related deposits

* Volcanic hosted massive sulfide (VHMS) Cu–Pb–Zn including; ** Examples include Teutonic Bore and Golden Grove, Western Australia *** Besshi type *** Kuroko type


Metamorphically reworked deposits

* Podiform serpentinite-hosted paramagmatic
iron oxide Iron oxides are chemical compounds composed of iron and oxygen. Several iron oxides are recognized. All are black magnetic solids. Often they are non-stoichiometric. Oxyhydroxides are a related class of compounds, perhaps the best known of whic ...
-
chromite Chromite is a crystalline mineral composed primarily of iron(II) oxide and chromium(III) oxide compounds. It can be represented by the chemical formula of FeCr2O4. It is an oxide mineral belonging to the spinel group. The element magnesium can s ...
deposits, typified by
Savage River, Tasmania Savage River is a small Australian mining village located on the west coast of Tasmania. History Government surveyor Charles Sprent discovered Savage River's iron ore deposits in 1877, however the minerals were left untouched for nearly a cent ...
iron ore, Coobina chromite deposit * Broken Hill Type Pb–Zn–Ag, considered to be a class of reworked SEDEX deposits


Carbonatite-alkaline igneous related

* Phosphorus-
tantalite The mineral group tantalite Fe,_manganese.html"_;"title="iron.html"_;"title="iron">Fe,_manganese">Mn)Tantalum">Ta2oxygen.html" ;"title="manganese">Mn)Tantalum.html" ;"title="iron">Fe,_manganese.html" ;"title="iron.html" ;"title="iron">Fe, manga ...
-
vermiculite Vermiculite is a hydrous phyllosilicate mineral which undergoes significant expansion when heated. Exfoliation occurs when the mineral is heated sufficiently, and commercial furnaces can routinely produce this effect. Vermiculite forms by the wea ...
(
Phalaborwa Phalaborwa (translated to English as ''better than the south; phala'' means ''better than and borwa'' means ''south'') is a town in the Mopani District Municipality, Limpopo province, South Africa. It is located near the confluence of the Ga-Se ...
South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...
) *
Rare-earth elements The rare-earth elements (REE), also called the rare-earth metals or (in context) rare-earth oxides or sometimes the lanthanides (yttrium and scandium are usually included as rare earths), are a set of 17 nearly-indistinguishable lustrous silve ...
 –
Mount Weld Mount Weld mine is a rare earth mine in Western Australia, located about south of Laverton and east of Leonora. It ranks as one of the richest major rare-earth deposits in the world. Rare earths are contained in secondary phosphates and a ...
,
Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
and
Bayan Obo Bayan'obo Mining District, ( Mongolian: ''Bayan Oboɣ-a Aɣurqai-yin toɣoriɣ'', Баян-Овоо Уурхайн тойрог ( mn, italic=yes, "rich" + ovoo); ), or Baiyun-Obo or Baiyun'ebo, is a mining town in the west of Inner Mongolia, ...
,
Mongolia Mongolia; Mongolian script: , , ; lit. "Mongol Nation" or "State of Mongolia" () is a landlocked country in East Asia, bordered by Russia to the north and China to the south. It covers an area of , with a population of just 3.3 million, ...
*
Diatreme A diatreme, sometimes known as a maar-diatreme volcano, is a volcanic pipe formed by a gaseous explosion. When magma Magma () is the molten or semi-molten natural material from which all igneous rocks are formed. Magma is found beneath the ...
hosted diamond in
kimberlite Kimberlite is an igneous rock and a rare variant of peridotite. It is most commonly known to be the main host matrix for diamonds. It is named after the town of Kimberley in South Africa, where the discovery of an diamond called the Star of ...
,
lamproite Lamproite is an ultrapotassic mantle-derived volcanic or subvolcanic rock. It has low CaO, Al2O3, Na2O, high K2O/Al2O3, a relatively high MgO content and extreme enrichment in incompatible elements. Lamproites are geographically widespread ye ...
or
lamprophyre Lamprophyres () are uncommon, small-volume ultrapotassic igneous rocks primarily occurring as dikes, lopoliths, laccoliths, stocks, and small intrusions. They are alkaline silica-undersaturated mafic or ultramafic rocks with high magnesium oxid ...


Sedimentary deposits

*
Banded iron formation Banded iron formations (also known as banded ironstone formations or BIFs) are distinctive units of sedimentary rock consisting of alternating layers of iron oxides and iron-poor chert. They can be up to several hundred meters in thickness a ...
iron ore Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the fo ...
deposits, including ** Channel-iron deposits or
pisolite A pisolite is a sedimentary rock made of pisoids, which are concretionary grains – typically of calcium carbonate which resemble ooids, but are more than 2 mm in diameter. These grains are approximately spherical and have concentric lay ...
type iron ore *
Heavy mineral sands ore deposits Heavy mineral sands are a class of ore deposit which is an important source of zirconium, titanium, thorium, tungsten, rare-earth elements, the industrial minerals diamond, sapphire, garnet, and occasionally precious metals or gemstones. Heavy mi ...
and other
sand dune A dune is a landform composed of wind- or water-driven sand. It typically takes the form of a mound, ridge, or hill. An area with dunes is called a dune system or a dune complex. A large dune complex is called a dune field, while broad, fl ...
hosted deposits *
Alluvial Alluvium (from Latin ''alluvius'', from ''alluere'' 'to wash against') is loose clay, silt, sand, or gravel that has been deposited by running water in a stream bed, on a floodplain, in an alluvial fan or beach, or in similar settings. Alluv ...
gold, diamond, tin, platinum or
black sand Black sand is sand that is black in color. One type of black sand is a heavy, glossy, partly magnetic mixture of usually fine sands containing minerals such as magnetite, found as part of a placer deposit. Another type of black sand, found on ...
deposits * Alluvial oxide zinc deposit type: sole example
Skorpion Zinc Skorpion Zinc is a zinc mine in the ǁKaras Region of southern Namibia, producing Special High Grade (SHG) zinc. The mine is situated near Rosh Pinah. It was established at a cost of US$450 million by Anglo American in 2003. It is the tenth-larg ...


Hydrothermal deposits formed largely from basinal brines

Hydrothermal deposits formed by basinal saline fluids, include the following main groups:Arndt, N. and others (2017) Future mineral resources, Chap. 2, Formation of mineral resources
Geochemical Perspectives, v6-1, p. 18-51
* Clastic hosted or SEDEX
Lead Lead is a chemical element with the symbol Pb (from the Latin ) and atomic number 82. It is a heavy metal that is denser than most common materials. Lead is soft and malleable, and also has a relatively low melting point. When freshly cu ...
-
zinc Zinc is a chemical element with the symbol Zn and atomic number 30. Zinc is a slightly brittle metal at room temperature and has a shiny-greyish appearance when oxidation is removed. It is the first element in group 12 (IIB) of the periodi ...
-
silver Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...
deposits. They are typified, among others, by Red Dog,
McArthur River The McArthur River is a river in the Northern Territory of Australia which flows into the Gulf of Carpentaria at Port McArthur, opposite the Sir Edward Pellew Group of Islands. The river was named by Ludwig Leichhardt while he explored the are ...
,
Mount Isa Mount Isa ( ) is a city in the Gulf Country region of Queensland, Australia. It came into existence because of the vast mineral deposits found in the area. Mount Isa Mines (MIM) is one of the most productive single mines in world history, bas ...
,
Rammelsberg The Rammelsberg is a mountain, high, on the northern edge of the Harz range, south of the historic town of Goslar in the North German state of Lower Saxony. The mountain is the location of an important silver, copper, and lead mine, the only min ...
.Leach, D. and others (2010) Sediment-hosted lead-zinc deposits in Earth history. Economic Geology, v. 105, p. 593-625. * Mississippi valley type (MVT) zinc-lead deposits * Sediment-hosted stratiform Cu-Co-(Ag) deposit, typified by the
Copperbelt The Copperbelt () is a natural region in Central Africa which sits on the border region between northern Zambia and the southern Democratic Republic of Congo. It is known for copper mining. Traditionally, the term ''Copperbelt'' includes the ...
of
Zambia Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most cent ...
and
DRC The Democratic Republic of the Congo (french: République démocratique du Congo (RDC), colloquially "La RDC" ), informally Congo-Kinshasa, DR Congo, the DRC, the DROC, or the Congo, and formerly and also colloquially Zaire, is a country in ...
.Sillitoe, R.H., Perello, J., Creaser, R.A., Wilton, J., Wilson, A.J., and Dawborn, T., 2017, Reply to discussions of "Age of the Zambian Copperbelt" by Hitzman and Broughton and Muchez et al.:, p. 1–5, doi: 10.1007/s00126-017-0769-x.


Astrobleme-related ores

*
Sudbury Basin The Sudbury Basin (), also known as Sudbury Structure or the Sudbury Nickel Irruptive, is a major geological structure in Ontario, Canada. It is the third-largest known impact crater or astrobleme on Earth, as well as one of the oldest. The cra ...
nickel and copper, Ontario, Canada


Extraction

The basic extraction of ore deposits follows these steps: #
Prospecting Prospecting is the first stage of the geological analysis (followed by exploration) of a territory. It is the search for minerals, fossils, precious metals, or mineral specimens. It is also known as fossicking. Traditionally prospecting reli ...
or
exploration Exploration refers to the historical practice of discovering remote lands. It is studied by geographers and historians. Two major eras of exploration occurred in human history: one of convergence, and one of divergence. The first, covering most ...
to find and then define the extent and value of ore where it is located ("ore body"). # Conduct resource estimation to mathematically estimate the size and grade of the deposit. # Conduct a pre-feasibility study to determine the theoretical economics of the ore deposit. This identifies, early on, whether further investment in estimation and engineering studies is warranted and identifies key risks and areas for further work. # Conduct a
feasibility study A feasibility study is an assessment of the practicality of a project or system. A feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats pr ...
to evaluate the financial viability, technical and financial risks and robustness of the project and make a decision as whether to develop or walk away from a proposed mine project. This includes mine planning to evaluate the economically recoverable portion of the deposit, the
metallurgy Metallurgy is a domain of materials science and engineering that studies the physical and chemical behavior of metallic elements, their inter-metallic compounds, and their mixtures, which are known as alloys. Metallurgy encompasses both the sc ...
and ore recoverability, marketability and payability of the ore concentrates, engineering, milling and infrastructure costs, finance and equity requirements and a cradle to grave analysis of the possible mine, from the initial excavation all the way through to reclamation. # Development of access to an ore body and building of mine plant and equipment. # The operation of the mine in an active sense. #
Reclamation Reclaim, reclaimed, reclaimer, reclaiming or reclamation means "to get something back". It may refer to: * Land reclamation, creating new land from oceans, riverbeds, or lake beds * Dedesertification, reversing of the land degradation in arid ...
to make land where a mine had been suitable for future use.


Trade

Ores (metals) are traded internationally and comprise a sizeable portion of international trade in
raw material A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials that are feedstock for future finished products. As feedst ...
s both in value and volume. This is because the worldwide distribution of ores is unequal and dislocated from locations of peak demand and from smelting infrastructure. Most base metals (copper, lead, zinc, nickel) are traded internationally on the
London Metal Exchange The London Metal Exchange (LME) is a futures and forwards exchange with the world's largest market in standarised forward contracts, futures contracts and options on base metals. The exchange also offers contracts on ferrous metals and precious ...
, with smaller stockpiles and metals exchanges monitored by the COMEX and
NYMEX The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City. ...
exchanges in the United States and the Shanghai Futures Exchange in China. Iron ore is traded between customer and producer, though various benchmark prices are set quarterly between the major mining conglomerates and the major consumers, and this sets the stage for smaller participants. Other, lesser, commodities do not have international clearing houses and benchmark prices, with most prices negotiated between suppliers and customers one-on-one. This generally makes determining the price of ores of this nature opaque and difficult. Such metals include
lithium Lithium (from el, λίθος, lithos, lit=stone) is a chemical element with the symbol Li and atomic number 3. It is a soft, silvery-white alkali metal. Under standard conditions, it is the least dense metal and the least dense solid el ...
,
niobium Niobium is a chemical element with chemical symbol Nb (formerly columbium, Cb) and atomic number 41. It is a light grey, crystalline, and ductile transition metal. Pure niobium has a Mohs hardness rating similar to pure titanium, and it has sim ...
-
tantalum Tantalum is a chemical element with the symbol Ta and atomic number 73. Previously known as ''tantalium'', it is named after Tantalus, a villain in Greek mythology. Tantalum is a very hard, ductile, lustrous, blue-gray transition metal that is ...
,
bismuth Bismuth is a chemical element with the Symbol (chemistry), symbol Bi and atomic number 83. It is a post-transition metal and one of the pnictogens, with chemical properties resembling its lighter group 15 siblings arsenic and antimony. Elemental ...
,
antimony Antimony is a chemical element with the symbol Sb (from la, stibium) and atomic number 51. A lustrous gray metalloid, it is found in nature mainly as the sulfide mineral stibnite (Sb2S3). Antimony compounds have been known since ancient time ...
and
rare earths The rare-earth elements (REE), also called the rare-earth metals or (in context) rare-earth oxides or sometimes the lanthanides (yttrium and scandium are usually included as rare earths), are a set of 17 nearly-indistinguishable lustrous silve ...
. Most of these commodities are also dominated by one or two major suppliers with >60% of the world's reserves. The London Metal Exchange aims to add uranium to its list of metals on warrant. The
World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...
reports that China was the top importer of ores and metals in 2005 followed by the US and Japan.


Important ore minerals

*
Acanthite Acanthite is a form of silver sulfide with the chemical formula Ag2S. It crystallizes in the monoclinic system and is the stable form of silver sulfide below . Argentite is the stable form above that temperature. As argentite cools below that tem ...
(cooled polymorph of
Argentite In mineralogy, argentite (from the Latin ''argentum'', silver) is cubic silver sulfide (Ag2S), which can only exist at temperatures above 173 °C, 177 °C or 179 °C. When it cools to ordinary temperatures it turns into its monocl ...
): Ag2S for production of
silver Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...
*
Barite Baryte, barite or barytes ( or ) is a mineral consisting of barium sulfate ( Ba S O4). Baryte is generally white or colorless, and is the main source of the element barium. The ''baryte group'' consists of baryte, celestine (strontium sulfate), ...
: BaSO4 *
Bauxite Bauxite is a sedimentary rock with a relatively high aluminium content. It is the world's main source of aluminium and gallium. Bauxite consists mostly of the aluminium minerals gibbsite (Al(OH)3), boehmite (γ-AlO(OH)) and diaspore (α-AlO(O ...
Al(OH)3 and AlOOH, dried to Al2O3 for production of
aluminium Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. I ...
*
Beryl Beryl ( ) is a mineral composed of beryllium aluminium silicate with the chemical formula Be3Al2Si6O18. Well-known varieties of beryl include emerald and aquamarine. Naturally occurring, hexagonal crystals of beryl can be up to several mete ...
: Be3Al2(SiO3)6 *
Bornite Bornite, also known as peacock ore, is a sulfide mineral with chemical composition Cu5 Fe S4 that crystallizes in the orthorhombic system (pseudo-cubic). Appearance Bornite has a brown to copper-red color on fresh surfaces that tarnishes to v ...
: Cu5FeS4 *
Cassiterite Cassiterite is a tin oxide mineral, SnO2. It is generally opaque, but it is translucent in thin crystals. Its luster and multiple crystal faces produce a desirable gem. Cassiterite was the chief tin ore throughout ancient history and remains t ...
: SnO2 *
Chalcocite Chalcocite (), copper(I) sulfide (Cu2S), is an important copper ore mineral. It is opaque and dark gray to black, with a metallic luster. It has a hardness of 2.5–3 on the Mohs scale. It is a sulfide with a monoclinic crystal system. The ...
: Cu2S for production of
copper Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkis ...
*
Chalcopyrite Chalcopyrite ( ) is a copper iron sulfide mineral and the most abundant copper ore mineral. It has the chemical formula CuFeS2 and crystallizes in the tetragonal system. It has a brassy to golden yellow color and a hardness of 3.5 to 4 on the Mo ...
: CuFeS2 *
Chromite Chromite is a crystalline mineral composed primarily of iron(II) oxide and chromium(III) oxide compounds. It can be represented by the chemical formula of FeCr2O4. It is an oxide mineral belonging to the spinel group. The element magnesium can s ...
: (Fe, Mg)Cr2O4 for production of
chromium Chromium is a chemical element with the symbol Cr and atomic number 24. It is the first element in group 6. It is a steely-grey, lustrous, hard, and brittle transition metal. Chromium metal is valued for its high corrosion resistance and hardne ...
*
Cinnabar Cinnabar (), or cinnabarite (), from the grc, κιννάβαρι (), is the bright scarlet to brick-red form of Mercury sulfide, mercury(II) sulfide (HgS). It is the most common source ore for refining mercury (element), elemental mercury and ...
: HgS for production of
mercury Mercury commonly refers to: * Mercury (planet), the nearest planet to the Sun * Mercury (element), a metallic chemical element with the symbol Hg * Mercury (mythology), a Roman god Mercury or The Mercury may also refer to: Companies * Merc ...
*
Cobaltite Cobaltite is a sulfide mineral composed of cobalt, arsenic, and sulfur, Co As S. Its impurities may contain up to 10% iron and variable amounts of nickel.Klein, Cornelus and Cornrlius Hurlbut, 1996, ''Manual of Mineralogy'', 20th ed., Wiley, p.2 ...
: (Co, Fe)AsS *
Columbite Columbite, also called niobite, niobite-tantalite and columbate [], is a black mineral group that is an ore of niobium. It has a submetallic Lustre (mineralogy), luster and a high density and is a niobate of iron and manganese. This mineral group w ...
-
Tantalite The mineral group tantalite Fe,_manganese.html"_;"title="iron.html"_;"title="iron">Fe,_manganese">Mn)Tantalum">Ta2oxygen.html" ;"title="manganese">Mn)Tantalum.html" ;"title="iron">Fe,_manganese.html" ;"title="iron.html" ;"title="iron">Fe, manga ...
or
Coltan Coltan (short for columbite–tantalites and known industrially as tantalite) is a dull black metallic ore from which the elements niobium and tantalum are extracted. The niobium-dominant mineral in coltan is columbite (after niobium's original A ...
: (Fe, Mn)(Nb, Ta)2O6 *
Galena Galena, also called lead glance, is the natural mineral form of lead(II) sulfide (PbS). It is the most important ore of lead and an important source of silver. Galena is one of the most abundant and widely distributed sulfide minerals. It cryst ...
: PbS *
Native gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile met ...
: Au, typically associated with
quartz Quartz is a hard, crystalline mineral composed of silica (silicon dioxide). The atoms are linked in a continuous framework of SiO4 silicon-oxygen tetrahedra, with each oxygen being shared between two tetrahedra, giving an overall chemical form ...
or as placer deposits *
Hematite Hematite (), also spelled as haematite, is a common iron oxide compound with the formula, Fe2O3 and is widely found in rocks and soils. Hematite crystals belong to the rhombohedral lattice system which is designated the alpha polymorph of . ...
: Fe2O3 *
Ilmenite Ilmenite is a titanium-iron oxide mineral with the idealized formula . It is a weakly magnetic black or steel-gray solid. Ilmenite is the most important ore of titanium and the main source of titanium dioxide, which is used in paints, printing ...
: FeTiO3 *
Magnetite Magnetite is a mineral and one of the main iron ores, with the chemical formula Fe2+Fe3+2O4. It is one of the oxides of iron, and is ferrimagnetic; it is attracted to a magnet and can be magnetized to become a permanent magnet itself. With the ...
: Fe3O4 *
Malachite Malachite is a copper carbonate hydroxide mineral, with the formula Cu2CO3(OH)2. This opaque, green-banded mineral crystallizes in the monoclinic crystal system, and most often forms botryoidal, fibrous, or stalagmitic masses, in fractures ...
: Cu2CO3(OH)2 *
Molybdenite Molybdenite is a mineral of molybdenum disulfide, Mo S2. Similar in appearance and feel to graphite, molybdenite has a lubricating effect that is a consequence of its layered structure. The atomic structure consists of a sheet of molybdenum ato ...
: MoS2 *
Pentlandite Pentlandite is an iron–nickel sulfide with the chemical formula . Pentlandite has a narrow variation range in Ni:Fe but it is usually described as having a Ni:Fe of 1:1. It also contains minor cobalt, usually at low levels as a fraction of wei ...
: (Fe, Ni)9S8 *
Pollucite Pollucite is a zeolite mineral with the formula with iron, calcium, rubidium and potassium as common substituting elements. It is important as a significant ore of caesium and sometimes rubidium. It forms a solid solution series with analcime. I ...
: *
Pyrolusite Pyrolusite is a mineral consisting essentially of manganese dioxide ( Mn O2) and is important as an ore of manganese.. It is a black, amorphous appearing mineral, often with a granular, fibrous, or columnar structure, sometimes forming reniform ...
: MnO2 *
Scheelite Scheelite is a calcium tungstate mineral with the chemical formula Ca W O4. It is an important ore of tungsten (wolfram). Scheelite is originally named after Swedish chemist K. Scheele (1742-1786). Well-formed crystals are sought by collectors a ...
: CaWO4 *
Smithsonite Smithsonite, also known as zinc spar, is the mineral form of zinc carbonate ( Zn CO3). Historically, smithsonite was identified with hemimorphite before it was realized that they were two different minerals. The two minerals are very similar in app ...
: ZnCO3 *
Sperrylite Sperrylite is a platinum arsenide mineral with the chemical formula and is an opaque metallic tin white mineral which crystallizes in the isometric system with the pyrite group structure. It forms cubic, octahedral or pyritohedral crystals in ...
: PtAs2 for production of
platinum Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish , a diminutive of "silver". Platinu ...
*
Sphalerite Sphalerite (sometimes spelled sphaelerite) is a sulfide mineral with the chemical formula . It is the most important ore of zinc. Sphalerite is found in a variety of deposit types, but it is primarily in Sedimentary exhalative deposits, sedimen ...
: ZnS *
Uraninite Uraninite, formerly pitchblende, is a radioactive, uranium-rich mineral and ore with a chemical composition that is largely UO2 but because of oxidation typically contains variable proportions of U3O8. Radioactive decay of the uranium causes t ...
(pitchblende): UO2 for production of metallic
uranium Uranium is a chemical element with the symbol U and atomic number 92. It is a silvery-grey metal in the actinide series of the periodic table. A uranium atom has 92 protons and 92 electrons, of which 6 are valence electrons. Uranium is weak ...
*
Wolframite Wolframite is an iron, manganese, and tungstate mineral with a chemical formula of that is the intermediate between ferberite ( rich) and hübnerite ( rich). Along with scheelite, the wolframite series are the most important tungsten ore minerals ...
: (Fe, Mn)WO4


See also

* Economic geology *
Extractive metallurgy Extractive metallurgy is a branch of metallurgical engineering wherein process and methods of extraction of metals from their natural mineral deposits are studied. The field is a materials science, covering all aspects of the types of ore, wash ...
(ore processing) *
Froth Flotation Froth flotation is a process for selectively separating hydrophobic materials from hydrophilic. This is used in mineral processing, paper recycling and waste-water treatment industries. Historically this was first used in the mining industry, wher ...
*
Mineral resource classification There are several classification systems for the economic evaluation of mineral deposits worldwide. The most commonly used schemes base on the International Reporting Template, developed by the CRIRSCO - Committee for Mineral Reserves International ...
*
Ore genesis Various theories of ore genesis explain how the various types of mineral deposits form within Earth's crust. Ore-genesis theories vary depending on the mineral or commodity examined. Ore-genesis theories generally involve three components: sour ...
*
Petrology Petrology () is the branch of geology that studies rocks and the conditions under which they form. Petrology has three subdivisions: igneous, metamorphic, and sedimentary petrology. Igneous and metamorphic petrology are commonly taught together ...


References


Further reading


DILL, H.G. (2010) ''The "chessboard" classification scheme of mineral deposits: Mineralogy and geology from aluminum to zirconium,'' Earth-Science Reviews, Volume 100, Issue 1-4, June 2010, Pages 1-420


External links

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