Iran launches new factory at the Gol Gohar Iron Ore Company

Business Materials 21 July 2011 15:21 (UTC +04:00)

Azerbaijan, Baku, July 21 /Trend/

Iranian President Mahmoud Ahmadinejad has inaugurated a concentrate factory at the Gol Gohar Iron Ore Company on Thursday with a 2 million tons production capacity per year, IRNA reported.

The construction of the factory started on 2009, while a total of $120 million has been invested in the project.

It's expected to create 800 jobs and the production capacity will increase from 6.5 million ton per year to 8.5 million tons, the factory has capacity to store 150,000 tons iron concentrate.

GolGohar Iron Ore Co is located in southern Iran, 50 km from Sirjan, in southwest of the Kerman province.