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Magnetic interactions between nanoparticles of magnetite Fe_3O_4 and α-Fe formed during calcination of ferrihydrite in H_2 at temperatures 533 ÷ 713 K were studied. The detailed phase analysis describes evolution of contents of magnetite and α-Fe. Explanation of an anomalous course of magnetic moment characterized by a local maximum at an early stage of formation of nanoparticles is discussed.