Iranian company must use entire capacity of its zinc and lead production units

Business Materials 27 September 2012 18:08 (UTC +04:00)

Azerbaijan, Baku, Sept. 27/ Trend M. Moezzi

If Iran's Zinc Mines Development Company used the entire capacity of its zinc and lead production units, it could create 40,000 jobs.

But the company is only operating at 30 percent of its capacity, the Islamic Republic News Agency (IRNA) reported.

Managing Director of the Iranian Zinc Mines Development Company Mohammad Ebrahim Forouzandeh, said the company's profits stood at $200 million while operating at 30 percent capacity.

All soil at the zinc and mercury mines has to be utilized or it will create environmental problems.

Iran's annual share of 11 million tons of zinc produced around the world is 110,000 tons, Forouzandeh said.

Iran's share of global production could be greater if the country's more zinc and lead reserves were exploited.