aluminium and the carbon targets 2010—2050 The structure of the steel industry The steel industry consists of a large number of producers with an international reach. In 2007‚ 1.34 bn t of steel were produced which‚ together with iron‚ accounted for 65% of the $1‚594 billion global metals and mining market. Iron Ore Mining Industry Coke Direct Reduced Iron Pig Iron Project finance‚ brokers‚ traders & exchanges Steel Industry Secondary steel production EAF Stockholders
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MBA 816 Operations & Production MGMT Iron Ore Company of Ontario “A3 Written Assignment” December 12‚ 2011 Presented to: Dr. James Mason Presented by: Ahmed Omar Afify Student ID: 200-305-478 ------------------------------------------------- Issues * To minimize total waiting time and stockpile re-handling costs (Keep operations costs as low as possible). * To improve productivity process
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Iron ore is Australia’s highest valued and most successful commodity export (see Figure 1). Throughout the 1990s and early 2000s‚ this mining industry played a key role in both Australia’s and the global economy. The change in the industry was brought about‚ particularly‚ by the many operations and movements resulting from globalisation that pushed Australia’s exports further than they had ever been. In 2007‚ “Australia produced around 16% of the world’s iron ore and was ranked third behind China
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SUPPLY CHAIN OF IRON ORE With the increasing demand in iron ore due to rapid industrialisation and increase in demand of steel‚ the need for a proper distribution network or a supply chain has been realised. The following section takes into account the supply chain system of iron ore with some examples quoted from the Australia-China supply chain‚ which is one of the most important supply chains due to Australia being the largest exporter and China being the largest importer of iron ore. Logistic System:
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Iron Ore Price Bubble Those who anticipated price bubbles made huge profits. But the key word is ANTECIPATE Therefore‚ the relevant question is “What is the NEXT price bubble?” If you dream of profiting from the next price bubble‚ you should take a closer look at iron ore‚ which is the mineral used to make steel After 3 years working in metals and mining for Goldman Sacks‚ I realized some characteristics that lead to price bubble in commodities I will give one example of metals that are
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Medicinal Plants Introduction Introduction “In All things there is a poison‚ and there is nothing without a poison. It depends on only upon the dose whether a poison is a poison or not”---------Paracelsus (1493?-1541‚ Switzerland) Chinese saying “Shi Yao San Fei Du” means “Any drugs have toxic effects”. Introduction: Why Study Medicinal Plants Medicinal plants and religions • Medicinal plants have played an essential role in the development of human culture‚ for example religions
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Extracting Iron from Iron Ore in a Blast Furnace The metal iron and its alloy steel is one of the most important substances used by man. Humans have been discovering the metal’s uses science 3500BC. Huge quantities are used in the construction industry to construct of all kinds of vehicles. The most common from of iron known is the oxide. The Iron is extracted from the ore that contains the most amount of iron. The iron is extracted from its oxide ore called Hematite. Many things are produced
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IRON ORE DRY BULK TRADE Demand for dry bulk commodities like iron ore is driven by industrial production and growth requirements. An increase in steel production stimulates the growth of iron ore shipments and also the trade. From early 2000s‚ the iron ore market began a transformation following China’s increasing demand for steel. World production of iron ore exceeded 1 billion tonnes in 2002. International iron ore trade reached record levels at 512 million tonnes (Mt). Price negotiations
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any ore containing iron or iron compounds is called iron ore. However‚ in the industrial or commercial it not only contains iron composition but also has use value. It is difficult to determine whether the ore has commercial value‚ so it is difficult to make a unified iron ore standard. For example‚ the iron ore produced by the Europe has very poor quality‚ simply because they cannot find better ore‚ they call his ore as iron ore. In Australia there are large amount of high quality iron ore‚ so
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00% 7‚00% 1‚00% 7‚00% 0‚00% 3‚00% 87‚78% 100‚00% 79‚05% 89‚10% 93‚00% 100‚00% 97‚00% 144‚11 126‚50 126‚50 100‚00 89‚10 82‚86 82‚86 80‚38 1‚79 1‚57 1‚57 1‚24 1‚11 1‚03 1‚03 100‚00 7 Run-‐rate (1-‐down time) 8 Material used 0‚9 Iron Ore‚ Natural Gas 37‚36 66‚98 Magnesium oxide 1 0‚99 Hydrogen 0‚99 1 Nitrogen 0‚97 n/a 0‚99 0‚8471 Process running 84.71% of total time 9 Net VC/t 10 Gross VC/t output
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