Coat of arms of Cyprus Coat of arms of Cyprus The coat of arms of the Republic of Cyprus depicts a dove carrying an olive branch (a well-known symbol of peace) over “1960”, the year of Cypriot independence from British rule. The background is a copper-yellow colour; this symbolises the large deposits of copper ore on Cyprus (chiefly in the form of chalcopyrite, which is yellow in colour). The arms is not violating the rule of tincture, since the dove is not argent (silver) but blazoned as of the colour proper, i.e. it has the colour it would have in nature, in this case white.
Iron ore magnetite resources is irrelevant as a banded iron formation can be hundreds of meters thick, extend hundreds of kilometers along strike, and can easily come to more than three billion or more tonnes of contained ore. The typical grade of iron at which a magnetite-bearing banded iron formation becomes economic is roughly 25% iron, which can generally yield a 33% to 40% recovery of magnetite by weight, to produce a concentrate grading in excess of 64% iron by weight. The typical magnetite iron-ore concentrate has less than 0.1% phosphorus, 3–7% silica and less than 3% aluminium. Currently magnetite iron ore