Following development of high grade direct shipping iron ore deposits on the Mesabi Range, containing up to 65% iron and as little as 1.25% silica, miners termed the unaltered iron-formation wall rock taconite. The iron content of taconite is generally 30% to 35%, and the silica content generally around 45%. Iron in 'taconite' is common present as magnetite, iron silicates, and iron-bearing carbonates, and locally martite (hematite) formed by oxidation of magnetite. Horizons containing magnetite as the dominant mineral have been extensively mined since 1955 to produce iron ore pellets; the term 'taconite' has consequently been colloquially adapted to describe the magnetite iron-formation ores ("taconite iron ore"), the mining, milling, magnetic separation, and agglomerating process ("taconite process"), and the product iron ore pellets ("taconite pellets").