Baku, Azerbaijan, Feb. 3
By Umid Niayesh - Trend:
Two Chinese companies will participate in building a pellet plant in Iran's southern Bafq region, Iranian Donya-e-eqtesad newspaper reported on Feb. 3.
The plant is projected to be built at a cost of €219 million with a capacity of 5 million tons per year.
Two Chinese MCC and CIE companies are participating in the project within Engineering, Procurement, Construction and Financing Contract (EPCF).
The Bafq pellet plant is scheduled to be inaugurated by July 2016.
Iran holds three percent of the world's mineral reserves which puts the country first in the Middle East and third in Asia. Iran is ranks among the 15 major mineral-rich countries of the world and exports its industrial and mineral products to 159 countries, including Iraq, China, the United Arab Emirates, India and Afghanistan.
The important mines of Iran include coal, metallic minerals, sand and gravel, chemical minerals and salt. The country has the world's largest zinc and second largest copper deposits and ranks ninth for its iron reserves.
Edited by C.N.