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Mining is the extraction of minerals and elements of economic interest from the earth's surface. . in the Earth's magnetic field, indicating a magnetic mineral deposit. . Often, a great quantity of rare earth ore is wasted due to nonideal, under.
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Magnetite is a rock mineral and one of the main iron ores, with the chemical formula Fe3O4. It is one of the oxides of iron, and is ferrimagnetic; it is attracted to a magnet and can be magnetized to become a permanent magnet itself. It is the most magnetic of all the naturally occurring minerals on Earth. .. Large deposits of magnetite are also found in the Atacama region of Chile;.