NICICO’s Production, Sales at Record Highs
EghtesadOnline: National Iranian Copper Industries Company recorded its highest concentrate output in the last fiscal year (ended March 20, 2017) by producing 1.07 million tons of the material, recording a 9.51% growth compared to the year before, according to NICICO’s Managing Director Ahmad Moradalizadeh.
The company also set a new record in sales by selling 70.1 trillion rials ($1.85 billion) worth of copper products last year. NICICO is the leading copper producer in the Middle East and North Africa region, as the mines it operates holds close to 14% of Asia’s copper deposits and about 3% of global reserves, according to Financial Tribune. Iran holds some 4 billion tons of estimated copper reserves, according to the Geological Survey of Iran, Mes Press reported.
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