1. By Claire Scherler and Justin Benzoni
Magnetite
By Claire Scherler and Justin Benzoni

2. Where its Found and its Current Value
Magnetite is found in the form of magnetite crystals in underground igneous rocks
There are large amounts found in South America, Germany, Russia, New Zealand and California
The current value is 200$ per ton

3. How it is Mined and Processed
Since the mineral is too far underground surface mining is out of the question, therefore they must retrieve the magnetite through underground mining
Traditional grinding and floatation methods from the EHM concentrator recovers copped and gold from there ore which then Magnetite is liberated by this process

4. The Element of the Mineral and What its Used for
Magnetite is made up of oxide of iron
It is used to make steel, paints, ink, magnets, paper and cosmetics

5. Picture of Magnetite

6. What is a Gemstone. Why Aren't all Minerals Gems
What is a Gemstone? Why Aren't all Minerals Gems? What's Your Birthstone?
A gemstone is a precious or semiprecious stone, esp. one cut, polished, and used in a piece of jewelry
A mineral is inorganic (naturally occurring) where as a a gemstone are synthetic (not naturally occurring)
Claire’s birthstone is Garnet and Justin’s birthstone is Amethyst