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Magnetite
An ore of iron which is used in making steel, nails, kitchen appliances, furniture, tools, bridges, buildings, automobiles, construction equipment, manufacturing machinery, highway construction, shipbuilding, trains, railroads etc. Picture what life would be like without steel! Powdered iron is used in magnets; high-frequency cores; auto parts; and as a catalyst. Radioactive iron (iron 59) is used in medicine and as a tracer element in biochemical and metallurgical research. Iron blue is used in paints, printing inks, plastics, cosmetics and paper dyeing. Black iron oxide is used as a pigment and in polishing compounds, medicines and magnetic inks. Also see hematite.
Hematite
A primary ore of iron. Hematite is processed to produce iron which is used to make steel which, in turn, is used in everything from automobiles to flatware to the machinery used to make almost everything else we use. Many different minerals can be combined with iron in producing steel. Each provides a different set of valuable properties to the finished product. A familiar example is stainless steel. Steel is used in the manufacture of such things as kitchen appliances, furniture, tools, bridges, buildings, automobiles, construction equipment, manufacturing machinery, highway construction, shipbuilding, trains, railroads etc. Picture what life would be like without steel! Powdered iron is used in magnets, high-frequency cores, auto parts, and as a catalyst. Radioactive iron (iron 59) is used in medicine and as a tracer element in biochemical and metallurgical research. Iron blue is used in paints, printing inks, plastics, cosmetics, paper dyeing. Black iron oxide is used as a pigment and in polishing compounds, medicines and magnetic inks. The other primary ore of iron is magnetite.
Magnetite Reference Links
- https://www.reference.com/science/uses-magnetite-c74968ee0c4b4bee#
- https://www.reference.com/science/iron-extracted-earth-7df798ba77171fc7?qo=contentSimilarQuestions
- http://mixcorp.com/index.php/education
- http://mixcorp.com/index.php/education/magnetite-uses
- http://phantomplastics.com/functional-fillers/magnetite/
- https://www.technologyreview.com/s/510736/a-cleaner-way-to-use-coal/
- http://www.rocksandminerals.com/uses.htm
- https://smartech.gatech.edu/bitstream/handle/1853/7640/liong_silvia_200512_phd.pdf
Video
Here’s a little science fun with Magnetite courtesy of the Science Channel.
Quality Magnetite, LLC is the leader in our industry. We globally source, process, and distribute magnetite, a type of iron oxide that possesses natural magnetic properties (chemical formula Fe3O4). It is our purpose and privilege to serve our clients in the coal, aggregate, and various other industries, around the world.
We provide the highest product and service quality that our customers require. What we offer improves productivity by reducing waste, minimizing operational challenges, maximizing use of resources, and optimizing cost savings, by applying our knowledge and technology to meet our customers production challenges.
To stay on top of our industry, Quality Magnetite responsibly operates and grows our business by always recognizing that Service Matters, Quality Counts, and Safety is Foremost. Our leadership is accountable for maintaining these principles and advocates them in the company’s Mission, Values, and Vision statements.
Quality Magnetite operates from two locations. We serve the Appalachian Region from our Kenova, West Virginia headquarters and the Illinois Basin Region from our newly-established Mount Vernon, Indiana office.
The Supply Chain Phase of our operation is highly resourceful in obtaining the best quality raw ore from various sources around the world. We receive ore via truck, rail, and water. Our entire sourcing, shipping, and receiving process is regularly and efficiently executed utilizing our in-house Quality Management System.
Quality Magnetite’s Processing Phase utilizes proprietary methods and state-of-the-art technology at both locations. As such, we are able to meet the most precise product requirements of our various clients. We endeavor to meet such requirements by utilizing the testing capabilities of our in house QM Lab, as well as from certified independent laboratories.
To grant our customers the most steadfast Delivery & Service, we are proud to own, operate, and maintain a fleet of the industry’s most reliable trucks. Our trucks, and the drivers we employ to drive them, are compliant with all regulations stipulated by the U.S. Department of Transportation, Federal Motor Carrier Safety Administration (FMCSA).
Please contact us to learn more about Quality Magnetite, and to discuss how we may serve you.
There are various industries comprising the markets Quality Magnetite serves, as there are many applications for our products. We categorize the industries we serve into two major market segments: The Coal Industry Segment and the Specialty & Custom Processed Markets Segment.
In the Coal Industry, our product is used as a heavy media separation agent in coal washing processes, to help produce clean coal . This clean coal is used in the steel industry as a fuel as well as in steam power generation plants to generate electricity that heat and fuel the homes, businesses, institutions, and factories of America and beyond.
In Specialty & Custom Processed Market industries, various sizing, grading, and chemistry of our magnetite are used in a multitude of applications. This includes serving as heavy aggregate in concrete construction, as well as an additive in various manufacturing processes, bringing unique characteristics to final products including paint, fertilizer, recreational products, and water filtration.
Quality Magnetite endeavors to be the leader in the markets we serve by generating value for our customers by providing the highest quality products with always on-time delivery. Our success will be achieved by implementing the highest standards for safety, operational excellence, technical innovation, and environmental stewardship as we become indispensable partners with our customers and as we create value for our employees, shareholders, suppliers, and the communities where we operate.
Quality Magnetite’s Values
For our clients to realize value in doing business with Quality Magnetite, it requires us to focus on our core Values. They are:
Safety
Above all, we value and exercise safety in all aspects of our business. Our most important responsibility is to provide a safe work environment for our employees, customers, vendors, and any visitors that may enter our operations. Our goal is simple; Zero harm.
Quality
As our company name indicates, quality is paramount in our business. From our Quality Management System utilized in our supply chain process, to the superior products achieved from the proprietary technology applied in our material processing, to our in-house material testing laboratories, to the logistics fleet we own and operate, to our dedicated personnel and their interaction with our clients, quality is always evident.
Service – Providing best-in-industry service to our clients is what separates us from our competition. We value and sustain this by invariably demonstrating integrity from our sales team, reliability from our customer service staff, proficiency from our sourcing professionals, expertise from our processing personnel, dedication from our drivers, and most importantly, accountability from our leadership.
Integrity
All Quality Magnetite employees understand that maintaining the highest standard of ethical behavior both professional and personal is fundamental to employment with the company. We conduct business in a manner that is always fair and within the law. We are mindful and protective of the environment where we operate. Our financial reporting adheres to the strictest standards of professionalism, honesty, integrity and transparency. Our employees are both responsible and accountable for their actions at home and at work.
Quality Magnetite’s Vision
Quality Magnetite’s Vision is to continually strive to carry out our mission by successfully operating and growing our business while always upholding the values we cherish.
Our goals in meeting this vision are:
- to appreciate and respect our Employees, and provide them a safe and stable work environment;
- to provide value to our Customers by not just meeting their needs, but surpassing their expectations;
- to create value for our Shareholders;
- to secure the best quality materials and maintain solid relationships with our various Suppliers around the world;
- to be a good corporate citizen in the Communities in which we operate.
Allen Varney – President
Allen Varney is a 35+ year veteran of the coal industry. He began his career as a coal miner in 1974 and continued and advanced his involvement in mining for the next 13 years in both surface and underground operations. In 1987, Allen joined the magnetite sector of the coal industry which sources, processes, and distributes this specialized heavy media separation product to coal wash plants across North America. Mr. Varney has held various positions across a range of functions with increasing responsibility through this period of this career. Those positions include supply chain management, logistics management, as well as material processing, handling, and product sales. In 2008, Allen was instrumental in forming what is now Quality Magnetite, LLC. From his many years in the business, Allen has become well-known as an expert in domestic and international magnetite supply sourcing, as well as a knowledgeable authority in the coal washing markets in North America. As an executive of Quality Magnetite, Mr. Varney is dedicated to providing top quality products with the best customer service to the coal industry.
Steve Kopsolias – Chief Operating Officer
Steve Kopsolias has more than 30 years’ experience in the coal industry with a focus mainly in coal preparation with a strong background in operations. A significant portion of Steve’s career was spent in research and development to improve equipment utilized in the recovery of coal and magnetite. He has extensive field experience in mines, preparation plants, load outs, docks, power generating stations, and steel mills throughout the U.S. and Canada. In his principal role, Steve is dedicated in applying his wide-ranging knowledge and skills in meeting the challenges of Quality Magnetite’s clients. He always strives to achieve the best in customer service, delivering optimum results by leveraging his extensive operational experience and technical expertise.
Bud May – Vice President
Ronald “Bud” May began his career serving in the coal industry. Beginning in the maintenance department of a coal processing plant, he earned 30 years of experience maintaining, operating, and managing large operations. As he advanced, each position brought new challenges and responsibilities. He was able to evaluate and increase processing efficiencies via plant performance studies and diagnostic analyses during programmed upkeep. Customer service and a commitment to quality has always been a priority for Bud. This same mentality is something that he places great priority on for his team to achieve, as well. In 2013, Bud joined the team at Quality Magnetite operating as a field sales rep. He partnered with our coal customers to answer any questions and to help them improve process efficiencies wherever possible. He advanced to sales manager in 2015 and worked with our coal and specialty customers to develop new products and uses for the iron oxide ores that Quality Magnetite sources and processes. In February 2017, Bud advanced to Vice President and is looking forward to maintaining the relationship that he has with our coal customers, while building on our presence in other industries that can use iron oxides in their products.
bmay@qmag.com
George William Hamilton III – Operations Manager
George began his career within the magnetite industry in June of 2002 and began working for Quality Magnetite, LLC on June 18, 2008. While working in the magnetite industry Mr. Hamilton enrolled at Marshall University and was accepted into the Lewis College of Business. In the spring of 2009 he graduated with a BBA in Marketing with Minors in Business Management and Small Business Entrepreneurship. While holding multiple positions Mr. Hamilton has had a successful 14-year work history with experience in supply chains, sales, customer service, contracts, logistics and management for Quality Magnetite. Mr. Hamilton is an active member of the Eastern Kentucky Coal Preparation Society, the Northern Western Virginia Coal Preparation Society, along with the Coal Preparation Society of America.
ghamilton@qmag.com
Victor Vic Grubb – Chief Financial Officer
Victor Grubb (Vic) brings over 25 years of accounting experience to the Quality Magnetite management team, the majority of which has been focused on the coal industry. He has served as an accountant, controller, treasurer, and Chief Financial Officer with various organizations as he advanced in his career. Presently, as the fiscal principal of Quality Magnetite, Vic is responsible for all aspects of financial management, including financial reporting, tax, treasury, payroll, and audit. Vic came to the company shortly after its establishment as Quality Magnetite in 2008. Upon his arrival, his primary objective involved implementing a new accounting system to handle the business’s accounts receivable, accounts payable, and financial reporting needs. With a strong background in cost analysis, Vic understands customers’ needs for information and cost control. He is always available to provide Quality Magnetite’s customers with any information they may require.
Scott Dyer – Accounting Manager
Scott is a CPA with nearly 25 years of accounting experience. He has more than 20 years of experience in the coal industry and has held various positions including staff accountant, cost accountant, senior accountant, treasurer, and controller. Scott joined the QMag team in February 2013 as accounting manager.
sdyer@qmag.com
Brian McCoy – Specialty & Developmental Sales
Brian joined QMag in August, 2015
bmccoy@qmag.com
Ryan Bailey – Logistics Coordinator / Purchasing
Ryan joined QMag in November, 2011
rbailey@qmag.com
Hank Davis – NAPP Sales (Coal Division)
Hank joined QMag in October, 2011
hdavis@qmag.com
Stewart Mounts – CAPP Sales (Coal Division)
Stewart joined QMag in November, 2015
smounts@qmag.com
Brian Webster – Illinois Basin & Southern APP (Coal Division)
Brian joined QMag in January, 2013
bwebster@qmag.com
Quality Magnetite is the premier purchaser, processer, and distributor of magnetite, a multi-purpose coal processing and industrial additive product that meets or exceeds the most stringent quality standards of the various industries we serve, in both domestic and international markets. Our company is led and operated by the most knowledgeable and capable experts in the magnetite industry.
Quality Magnetite’s extensive network of material suppliers around the world affords us the ability to secure the best quality source materials for our customers. These numerous alliances also grant us the flexibility required to meet the ever-changing supply demands of our clients.
Both Quality Magnetite’s Appalachian Region and Illinois Basin production facilities have the most technologically-advanced processing capabilities in North America, allowing for customization of products to meet our customers’ most precise requirements. As our high-grade magnetite is almost entirely recoverable and reusable in coal washing operations, substantial cost savings can be realized by our coal industry clients.
Quality Magnetite owns and operates a large custom fleet of trucks which enables us to provide our customers unmatched delivery service.
Quality Magnetite’s integrated sourcing, operations, and logistics processes and facilities are continually updated to ensure we produce the highest quality products with the most dependable service that provides maximum value to our customers.
