In all the methods studied above, physical separation using hydrocyclone and magnetic separation stages are found to be most efficientwhere 70% Fe2O3 is achieved in the desired fraction with above 75%iron recovery. If only magnetic separation is used, a maximum of 60%Fe2O3 could be achieved even with an increase in magnetic intensity upto 18,000 Gauss. Amongst the reducing agents used carbon dust wasfound to be more efficient as compared to sugarcane bagasse and spentpot lining due to its high carbon content. Carbon addition makes aremarkable effect on achieving the magnetic properties of red mud byreducing Fe2O3 into Fe3O4. But even with the addition of reducingagents such as coal dust which is the most effective one, % Fe2O3content could not be increased beyond 61% although the recovery