New Almaden hydrothermal deposition of cinnabar from deep within the earth is found in a gangue of silica-carbonate rock formed locally by hydrothermal alteration of serpentine. The Guadalupe mine produced about 10% as much mercury as the New Almaden. There are several smaller mines in the mining district, but their ore production was not significant. The only significant quicksilver ore is cinnabar; other sulfides are present in small quantities. Mining, other than a single placer deposit of cinnabar, was underground. There is a high probability of undiscovered high-grade ore which could be found and exploited using modern techniques. Mining operations resulted in
Iron ore iron-making blast furnaces. Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel. Indeed, it has been argued that iron ore is "more integral to the global economy than any other commodity, except perhaps oil". Metallic iron is virtually unknown on the surface of the Earth except as iron-nickel alloys from meteorites and very rare forms of deep mantle xenoliths. Although iron is the fourth most abundant element in the Earth's crust, comprising about 5%, the vast majority