To process taconite, the ore is ground into a fine powder, the magnetite is separated from the gangue by strong magnets, and the powdered iron concentrate is combined with a binder such as bentonite clay and limestone as a flux. As a last step, it is rolled into pellets about 10 millimeters in diameter that contain about 65% iron. The pellets are fired at a very high temperature to harden them and make them durable. This is to ensure that the blast furnace charge remains porous enough to allow heated gas to pass through and react with the pelletized ore. Firing the pellet oxidizes the magnetite (Fe3O4) to hematite (Fe2O3), an exothermic reaction that reduces the cost of pelletizing the concentrate. E. W. Davis of the University of Minnesota Mines Experiment Station is credited with developing the pelletizing process. Since the commercial development of this process in the Lake Superior region in the 1950s, the term "taconite" has been used globally to refer to iron ores amenable to upgrading by similar processes.