Low-grade iron formation (e.g., in Minnesota).

Recovery of the iron requires fine grinding and concentration of iron-bearing phases (see mineral processing), which are then formed into pellets suitable for blast furnaces. As high-grade deposits of iron ore have become depleted, taconite deposits have increased in importance.

More on "taconite" from the 32 Volume Encyclopædia Britannica:
Search for "taconite" at Encyclopædia Britannica Online for all this plus dictionary definitions, magazine articles, and more.
Britannica Concise is a complete, 28,000 article, single-volume encyclopedia from the editors of Encyclopædia Britannica. Visit Encyclopædia Britannica Online to access the complete Encyclopædia Britannica, the Britannica Student Encyclopedia, a world atlas, interactive timelines, Merriam-Webster's Collegiate Dictionary and Thesaurus, hundreds of magazine titles, daily features and much more.