Bornite Bornite Bornite, also known as peacock ore, is a sulfide mineral with chemical composition CuFeS that crystallizes in the orthorhombic system (pseudo-cubic). Bornite has a brown to copper-red color on fresh surfaces that tarnishes to various iridescent shades of blue to purple in places. Its striking iridescence gives it the nickname "peacock copper" or "peacock ore". Bornite is an important copper ore mineral and occurs widely in porphyry copper deposits along with the more common chalcopyrite. Chalcopyrite and bornite are both typically replaced by chalcocite and covellite in the supergene enrichment zone of copper deposits. Bornite is also found as
Iron ore addition to swaps. The CME group has been the venue most utilised for clearing of options written against TSI, with open interest at over 12,000 lots in August 2012. Singapore Mercantile Exchange (SMX) has launched the world first global iron ore futures contract, based on the Metal Bulletin Iron Ore Index (MBIOI) which utilizes daily price data from a broad spectrum of industry participants and independent Chinese steel consultancy and data provider Shanghai Steelhome's widespread contact base of steel producers and iron ore traders across China. The futures contract has seen monthly volumes over 1.5 million tonnes after eight months