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    In the mining industry or extractive metallurgy, beneficiation is any process that improves (benefits) the economic value of the ore by removing the gangue minerals, which results in a higher grade product (concentrate) and a waste stream . Examples of beneficiation processes include froth flotation and gravity separation.

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    India has huge reserves of quality iron ore which can fulfil the growing demand for domestic iron and steel industry as well as sustain large external trade. The most important iron ore types found in India are hematite and magnetite.

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    For these reasons, iron ore production is concentrated in the hands of a few major players. World production averages two billion metric tons of raw ore annually. The world's largest producer of iron ore is the Brazilian mining corporation Vale, followed by Anglo-Australian companies Rio Tinto Group and then BHP Billiton.