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Magnetation and Cargill Team Up in Iron Ore

By Joel ScanlonJan 10 2011

Canadian company Magnetation Inc. will team up with Cargill Inc to boost its iron ore production from 150,000 metric tons per year to 450,000 metric tons. The exact details of the deal were not revealed by the two companies but Cargill will help Magnetation to take its proprietary separation technology global.

In return they will receive a new supply of iron. The vice president of Cargill Ferrous International Bob Mann said that the company already had a global customer base for iron and steel producers and consumers and this deal would help it expand its base in Asia.

Their Iron Range project will see Cargill using Magnetation’s technological help to extract valuable iron ore from long discarded tailings. The process will help mine operators extract iron ore from the rock that was dumped in open pit mining over the decades.

The two Minnesota based companies hope to capitalize on the new technology using their Iron Range project partnership. The process is seen as being so good that it may offer competition to the lowest cost iron mines. If successful commercially it would be replicated worldwide.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, March 19). Magnetation and Cargill Team Up in Iron Ore. AZoMining. Retrieved on November 23, 2024 from https://www.azomining.com/News.aspx?newsID=2418.
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Scanlon, Joel. "Magnetation and Cargill Team Up in Iron Ore". AZoMining. 23 November 2024. <https://www.azomining.com/News.aspx?newsID=2418>.
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Scanlon, Joel. 2019. Magnetation and Cargill Team Up in Iron Ore. AZoMining, viewed 23 November 2024, https://www.azomining.com/News.aspx?newsID=2418.