MagnetiteMineral datumMineral EncyclopediaChina ...
In 2005, an exploration company, Cardero Resources, discovered a vast deposit of magnetitebearing sand dunes in Peru. The dune field covers 250 square kilometers (100 sq mi), with the highest dune at over 2,000 meters (6,560 ft) above the desert floor. The sand contains 10% magnetite. Transformation of ferrous hydroxide into magnetite