Bastion Minerals to acquire copper assets in Canada’s northern territories
Australian explorer to acquire the ICE deposit in the Yukon Territory and the Mariner and Harley copper projects in the Northwest Territories.
ixtract puts into perspective the rarity of gold comparing the total amount ever produced with annual iron ore production.
2 Comments
Alfred
At the bottom of the infographic is that Mio like the squeeze obttle drink? How did you get 1.74 euros per 710 gram serving? It costs $3.48 for 48ml…..
Ocke
I don’t get the “iron side” of the infographics..
2,8*10^9 tons iron ore is the correct production for 2012. But that is not worth 12€ Bn at current prices. A simple calculation shows that 2,8*10^9 tonnes iron ore * 130 USD/tonne (approximately current price for 62% Fe, CFR China) * 0,738 €/USD = 269 € Bn. Quite far from the 12€ Bn in the graphics.
Also, the sphere that is “illustrating” total iron ore production is incorrect. If we assume that the radii is 439,5m (marked as the diameter in the illustration) and use iron density, 7,874 gram/cm^3 we get: Sphere volume (4/3*Pi*r^3) * Iron density = 4/3*3,14*439,5^3 * 7,874 tonne/m^3 = 0,355*10^9 m^3 * 7,874 tonne/m^3 = 2,8*10^9 tonnes, which corresponds to the world production of iron ore in 2012. The problem is iron ore doesn’t have a density of 7,874 tonne/m^3. Hematite iron ore at 60%-ish Fe has a density of about 5-5,5 tonne/m^3.. Lower density => The sphere should be larger.
Info graphics are a nice way of presenting data but if the student on a work experience programme is tasked with making the charts they should be double checked before release…