Taconite Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
ALE | B | Allete, Inc. | 0.02 | |
MSB | F | Mesabi Trust | -0.12 |
Related Industries: Asset Management Utilities - Regulated Electric
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
CNRG | D | SPDR S&P Kensho Clean Power ETF | 2.6 | |
PEY | B | PowerShares High Yield Dividend Achievers | 2.0 | |
KVLE | B | KFA Value Line Dynamic Core Equity Index ETF | 1.45 | |
CSB | B | Compass EMP US Small Cap High Dividend 100 Volatility Weighted Index ETF | 1.4 | |
ALTY | A | Global X SuperDividend Alternatives ETF | 1.33 |
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- Taconite
Taconite (IPA: ['tækənaɪt]) is a variety of iron formation, an iron-bearing (over 15% iron) sedimentary rock, in which the iron minerals are interlayered with quartz, chert, or carbonate. The name "taconyte" was coined by Horace Vaughn Winchell (1865–1923) – son of Newton Horace Winchell, the Minnesota State Geologist – during their pioneering investigations of the Precambrian Biwabik Iron Formation of northeastern Minnesota. He believed the sedimentary rock sequence hosting the iron-formation was correlative with the Taconic orogeny of New England, and referred to the unfamiliar and as-yet-unnamed iron-bearing rock as the 'taconic rock' or taconyte.Following development of high grade direct shipping iron ore deposits on the Mesabi Range, containing up to 65% iron and as little as 1.25% silica, miners termed the unaltered iron-formation wall rock taconite. The iron content of taconite is generally 30% to 35%, and the silica content generally around 45%. Iron in 'taconite' is common present as magnetite, iron silicates, and iron-bearing carbonates, and locally martite (hematite) formed by oxidation of magnetite. Horizons containing magnetite as the dominant mineral have been extensively mined since 1955 to produce iron ore pellets; the term 'taconite' has consequently been colloquially adapted to describe the magnetite iron-formation ores (taconite iron ore), the mining, milling, magnetic separation, and agglomerating process (taconite process), and the product iron ore pellets (taconite pellets).
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