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Iran’s copper output registers increase

Business Materials 13 June 2018 11:51 (UTC +04:00)

Baku, Azerbaijan, June 13

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Iran’s copper concentrate output amounted to 213,072 tons in the first two months of the current Iranian fiscal year (March 20-May 21), according to the latest statistics, released by Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO).

The data indicates that Iran’s copper concentrate output has increased by 10 percent, compared to the produced concentrate in the corresponding period of the last fiscal year, which was 193,690 tons.

The companies affiliated with the National Iranian Copper Industry Company‎ (NICICO), including Sarcheshmeh, Meydook and Sungun Copper Complexes, produced 45,274 tons of anode copper in the 2-month period, 39 percent more year-on-year.

The cathode copper output by the affiliated companies of the NICICO also amounted to 33,472 tons in the same span of time, which was 28 percent more compared to the corresponding period of the preceding year.

The companies produced 1,109 tons of molybdenum concentrate in the first two months of the current fiscal year (24 percent less on a yearly basis).

Iran’s copper concentrate output registered an increase by 6 percent in the last fiscal year, ended March 20, 218.

The country produced 1.141 million tons of copper concentrate in the 12-month period.

The country also produced 160,128 tons of cathode copper in the 12-month period, 17 percent less year-on-year.

Iran’s anode copper production also stood at 201,234 tons in the last fiscal year, registering a fall by 11 percent compared to the preceding year.

Iran possesses 22 million of copper reserves, equal to 1.3 percent of the world’s proven copper reserves, according to the report.

At present, six copper mines are operating in the country.

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