...

Iran’s iron ore output increases by 20%

Business Materials 12 September 2016 11:17 (UTC +04:00)

Baku, Azerbaijan, Sept. 12

By Fatih Karimov – Trend:

Iran’s major state-run iron ore producing companies have produced about 12.453 million tons of iron ore concentrate during the first five months of current Iranian fiscal year (March 20-Aug. 21).

The figure indicates a 20-percent increase compared to the same period of the previous year, the Islamic Republic’s Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported.

Gol Gohar ranked first among the companies producing 4.71 million tons of iron ore concentrate followed by Chadormalou with 4.01 million tons of production.

Markazi (1.62 million tons), Middle East Mines Industries Development Holding Company (1.54 million tons), and Sangan (585,259 tons) were other leading state-run iron ore producers.

The aforementioned companies (excluding Middle East Mines Industries Development Holding Company, and Gol Gohar) plus Jalalabad, Mishdavan and the Iranian Central Plateau Iron Ore Mines Complex produced 2.57 million tons of iron ore granule in total, during the five-month period, 13 percent less year on year.

The companies’ iron ore concentrate output stood at 2.8 million tons in the fifth Iranian calendar month (July 21-Aug. 21).

The state-run companies also produced 430,000 tons of iron ore granule in the one-month period.

The report does not include the volume of produced iron ore by private sector companies, which in total produce 14 million tons of iron ore annually.

Iran’s iron ore reserve stands at 5.1 billion tons, of which 2.8 billion tons are proven.

Latest

Latest