Iran’s copper concentrate output up by 23% in 4 months

Business Materials 15 August 2016 14:29 (UTC +04:00)

Baku, Azerbaijan, Aug. 15

By Fatih Karimov – Trend:

Iran’s copper concentrate production amounted to 371,363 tons in the first four months of the current Iranian fiscal year (March 20-July 20).

The figure indicates an increase by 23 percent as compared to the same period of the preceding year, the Islamic Republic’s Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported Aug. 15.

The country’s copper concentrate output reached 94,233 tons during the calendar month of Tir (June 20-July 20) – 11 percent more year-on-year.

Some 60,505 tons of cathode copper (1 percent decrease) as well as 78,118 tons of anode copper (2 percent decrease) were produced in Iran during the four-month period.

The country’s cathode and anode copper output stood at 16,664 tons and 19,397 tons during the calendar month of Tir.

Iran also produced 2,049 tons of molybdenum concentrate and 400 tons of molybdenum during the four-month period, indicating a rise by 5 percent and 97 percent, respectively, year-on-year.

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

Iran’s copper production capacity stands 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.