Iran’s copper concentrate output increases by 37%

Business Materials 2 January 2016 16:15 (UTC +04:00)

Baku, Azerbaijan, Jan. 2

By Fatih Karimov- Trend:

Iran's copper concentrate production amounted to 626,130 tons in the first eight months of the current Iranian fiscal year (March 21-Nov. 22, 2015), the Iranian government's news portal reported Jan. 2.

The figure indicates an increase by 20 percent compared to the same period of preceding year.

The country's copper concentrate output reached 89,271 tons during the calendar month of Aban (Oct. 22-Nov. 22, 2015), 37 percent more year on year.

Some 122,838 tons of cathode copper as well as 158,180 tons of anode copper were produced in Iran during the 8-month period

Iran possesses the world's second largest copper reserves. At present, six copper mines are operating in the country.

Iran's copper production capacity stands currently at around 200,000 tons per year and the capacity is projected to be doubled by March 2020.

Iran's proven mineral reserves stand at 37 billion tons.

The country ranked among 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.