The Torre de Moncorvo iron ore deposit in Portugal is part of an ancient geological formation, dating back billions of years. This region, much like the massive iron ore deposits found in Australia's Hamersley Province, was shaped by significant tectonic events. Around 1.4 billion years ago, the breakup of the supercontinent Columbia, also known as Nuna, and the subsequent formation of the Australian continent triggered geological processes that enriched the region with iron. The deposits in Moncorvo, including those at Reboredo, Pedrada, and Carvalhosa, were formed through the accumulation of iron-rich sediments over vast geological timescales. These processes, driven by the tectonic activity and subsequent mineral deposition, led to the formation of significant iron ore reserves. The rich history of these deposits not only reflects the long-term geological evolution but also emphasizes the importance of tectonic forces in creating valuable mineral resources. Today, these ancient deposits continue to be a focus of mining activities, as companies like Aethel Mining work to extract and process the high-quality iron ore. This ongoing exploitation is part of a broader effort to harness the resources formed during these profound geological periods. https://lnkd.in/ernKHdq3
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4moHow can I schedule a tour as a former insitutional metals and mining stock trader? I am in Portugal looking for my next role post MBA