iron ore limonite
Apr 25, 2017· Magnetite is composed of 72% iron, Hematite is 70% iron, Goethite is 63% iron, and Limonite is 60% iron. Leading Iron Ore Producing Countries. Much of the iron ore are in the sedimentary rocks called Banded Iron Formations (BIFs), which dates back to more than 542 million years.