Specification: 54.4% to 81.6% of FE2O3
Available at: DIC Materials’ Akoko Phase 1 Deposit
Area of Deposit: 15 Cadastre or 337.5 Hectares
Size of Deposit: 145.6 Million Metric Tons (Confirmed)
Uses of Iron:
Iron is the most widely used of all the metals, accounting for 95% of worldwide metal production. Its low cost and high strength make it indispensable in engineering applications such as the construction of machinery and machine tools, automobiles, the hulls of large ships, and structural components for buildings.
Since pure iron is quite soft, it is most commonly combined with alloying elements to make steel.