Iran’s copper concentrate output increases by 14%

Business Materials 7 December 2016 15:36 (UTC +04:00)

Baku, Azerbaijan, Dec. 7

By Fatih Karimov – Trend:

Iran’s copper concentrate production amounted to 715,078 tons in the first eight months of the current Iranian fiscal year (March 20-Nov. 21).

The figure indicates an increase by 14 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 Dec. 7.

The country’s copper concentrate output reached 88,329 tons during the calendar month of Aban (Oct. 21-Nov. 21.

Some 125, 678 tons of cathode copper was produced in Iran during the 8-month period, indicating a rise by 2 percent year-on-year.

The country’s cathode copper output stood at 15,410 tons during the calendar month of Aban.

Iran also produced 3,985 tons of molybdenum concentrate and 746 tons of molybdenum during the 8-month period, indicating a fall by 8 percent and rise by 89 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.