Iron is the base mineral or say base metal for industrial development of modern world. It is one of the highest used minerals in the world. It is used in making things as small as small pins to gigantic machines, cars, trucks, ships, railway, bridges, buildings and weapons. Iron is cheap, strong as well as durable and is available in almost all the countries. Moreover, it can easily get mixed with other minerals to produce new minerals. Owing to its abundant availability, extremely wide use and ease of getting mixed with other minerals it is considered as one of the most important mineral.