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Red Iron Oxide (with Mining Of Mineral Ore Along With Processing And Beneficiation) | |
| Iron (III) oxide or ferric oxide is the inorganic compound with the formula Fe2O3. It is one of the three main oxides of iron, the other two being iron (II) oxide (FeO), which is rare; and iron (II,III) oxide (Fe3O4), which also occurs naturally as the mineral magnetite. As the mineral known as hematite, Fe2O3 is the main source of iron for the steel industry. Fe2O3 is readily attacked by acids. Iron (III) oxide is often called rust, and to some extent this label is useful, because rust shares several properties and has a similar composition. To a chemist, rust is considered an ill-defined material, described as hydrated ferric oxide. The most common inorganic pigment is red iron oxide. World production of iron oxide pigments is about 600 thousand tons per year and greatly exceeds the production of other color pigments, with the highest demand is for red iron oxide pigments, slightly below demand for the yellow iron oxide pigments. Production of red iron pigment from iron ores is promising and will meet the demand for high quality and inexpensive pigment. The raw material for the production of a pigment is a paint grade ore. The main task of obtaining the pigment is removed from raw materials coarse mafic minerals. Designed waste less flow sheet for separation of iron ore in two qualities - paint grade quality (pigment) and metallurgical grade. The technology includes accumulation paint grade ore, crushing, screening, and then fine grinding in a ball mill, magnetic separation and multi-stage classification in hydro-cyclones. After this, the cyclone overflow is thickened, filtered on a press filter, dried and sent to storage bin for subsequent shipment to the customer. The resulting pigment is suitable for use in the paint industry. Iron & steel is the driving force behind industrial development in any country. The vitality of the Iron & Steel Industry largely influences a country's economic status. The mining of iron ore, an essential raw material for Iron & Steel Industry, is arguably of prime importance among all mining activities undertaken by any country. With the total resources of over 33.276 billion tonnes of hematite (Fe2O3) and magnetite (Fe3O4), India is amongst the leading producers of iron ore in the world. The market for iron oxide pigments is expected to grow at a CAGR of about 4% globally during the forecast period. An increase in demand from paints and coatings is driving the market. On the flip side, fluctuations in prices of raw materials and stringent environmental regulations are hindering the growth of the market. Iron Oxide Pigments comprises iron and oxides and can be produced from both natural and synthetic sources. Naturally, Iron Oxide Pigments are derived from hematite (red iron oxide mineral), limonites (yellow or brown minerals) such as ochers, siennas& umbers, and magnetite (black iron oxide). Synthetic Iron Oxide Pigments are produced from basic chemicals by three processing methods which includes precipitation of iron salts, thermal decomposition of iron salts, and reduction of organic compounds by iron. The product finds use in numerous applications including construction, paints & coatings, plastics, paper, pharmaceuticals, and cosmetics among others. The Indian government has allocated USD 63 billion for the infrastructure sector in 2019-20 and is planning to spend USD 1.4 trillion over the next five years. The development of smart cities and other schemes like “housing for all” are expected to increase the demand for paints and coatings. Few Indian major players are as under Asian Paints Ltd. B A S F India Ltd. Berger Paints India Ltd. Coltech Chemicals (India) Ltd. Gunjan Paints Ltd. Chowgule A B P Coatings (India) Pvt. Ltd. Omni Dye-Chem Exports Ltd. Tata Pigments Ltd. Pigments India Ltd. | |
| Plant capacity: Red Iron Oxide: 4,000 MT / Day | Plant & machinery: Rs 1096 lakhs |
| Working capital: - | T.C.I: Cost of Project: Rs 4391 lakhs |
| Return: 31.00% | Break even: 50.00% |
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