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perth based grange resources ltd is set to step into the producer ring later this year following joint venture approval to develop an iron ore mine in malaysia.. the company holds a 51 per cent interest in the bukit ibam magnetite mine, while the remaining interest is held by privately owned malaysian company, esperance mining sdn bhd.

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· this stockpile of iron ore pellets will be used in steel production. iron ores are rocks and minerals from which metallic iron can be economically extracted. the ores are usually rich in iron oxides and vary in colour from dark grey, bright yellow, or deep purple to rusty red. the iron itself is usually found in the form of magnetite ( fe 3 o 4, 72.4% fe), hematite ( fe 2 o 3, 69.9% fe

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