Nov 18, 2013· India’s Iron ore resourcesare estimated at 28.5 billion tonnes, distributed between Haematite at 17.9 and Magnetite at 10.6 billion tonnes.Though, both numbers are impressive at first glance; here’s a staggering fact: while 45% of the haematite resources are classified as reserves, a meager 0.2% of magnetite receives the same recognition.
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