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Opening a mine and separation plant can cost from $500 million to $1 billion, depending on the location, element, ore grade, and a variety of other factors (Schuler, 2011). Below is an economic feasibility analysis for opening new mines and refineries based on the price of the element (which is driven by demand for that element).

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The mine of Ouenza exploits iron ore by the opencast method. It is located 76 km North of Tebessa city and 190 km south of the Annaba city where is located the iron and steel complex of El Hadjar, the sole destination for iron ore production from the mine, to undergo various metallurgical treatments (Baala et al. 2018) (Fig. 1a). The Ouenza massif is located in the Eastern Saharan Atlas ...

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The Société Mokta El Hadid was an iron ore mining company in Algeria, and later in other West African countries. From around 1865 until 1927 it was the largest mining company in Algeria, delivering ore of exceptional quality for processing in France. In 1878 the original Mokta El Hadid mine near Bône (now Annaba) was said to be capable of supporting 25% of Europe's steel production.

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The iron ore used by Tosyali Algeria is shipped from Brazil, Canada, Chile and Russia to our port located in Arzew, a few kilometers from our facilities. We discharge about 200,000 tons per ship at a frequency of 45,000 tons per day In order to optimize logistics and production, a conveyor belt transports iron ore unloaded from ships to our 500 ...

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Answer (1 of 2): The Old Metallurgical Engineer and Steelmaker says: You could build a cupola to produce 200,000 NTMH ("net tons of hot metal" - liquid iron) per year, at a capital cost of approximately $60 million, and an operating cost of approximately $150 per NTHM. Or, you could build a bla...

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Algeria - Mining | Britannica

Extensive deposits of high-grade iron ore are worked at Ouenza, and major deposits of medium-grade ore exist at Gara Djebilet near Tindouf. Nearly all the high-grade iron ore from the open-cut works at Ouenza is used to supply the domestic steel industry. Reserves of nonferrous metal ores are smaller and more scattered.