Iran's largest mining company unlikely to export raw iron ore

Business Materials 30 May 2022 12:33 (UTC +04:00)
Iran's largest mining company unlikely to export raw iron ore

TEHRAN, Iran, May 30. Iran's largest producer of iron ore, Golgohar Mining & Industrial Company, is unlikely to export raw iron ore, the Manager of Golgohar Mining and Industrial Company Amir Mohtashamifar told Trend.

"Mineral extraction in this region is to feed domestic factories and it is unlikely that the company would have raw iron ore sale," he said.

Mohtashamifar pointed out that the Golgohar company is making all the efforts to use domestic machinery and investment for extraction, but it also requires foreign products.

He stressed that Iran shares two percent of the world's iron ore reserves (about 3 billion tons), and the Golgohar mine shares about 30 to 40 percent of Iran's reserves.

Gol-e Gohar Company annually changes its extraction plans and currently produces iron ore as feed for domestic factories.

The officials reacted to possible foreign investment and increase in mining production, saying that the company's policy is to avoid raw iron ore sale and will extract based on the country's needs.

Gol-e Gohar Mining Zone With its rich iron ore mines as one of the most prominent active mining poles in the Middle East, it has the potential to become a large and competitive area in Iran and even worldwide. These mineral deposits are located in Kerman province, 50 km southwest of Sirjan city. The existing traces and the remaining excavations in the deposit indicate that it has been identified and exploited in the past centuries.