Iron Ore Concentrate Output Surges 64%

EghtesadOnline: Major Iranian mining companies produced 2.98 million tons of iron ore concentrate during the first month of the current fiscal year (ended April 20), registering a 64% growth compared with last year’s corresponding period, Iranian Mines and Mining Industries Development and Renovation Organization reported on its website.

News ID: ۷۴۱۶۳۷

22 May 2017

Golgohar Mining and Industrial Company accounted for 1.05 million tons of the overall figure. It was followed by Chadormalu Mining and Industrial Company with 849,569 tons, Iran Central Iron Ore Company with 405,262 tons, Middle East Mines and Mineral Industries Development Holding Company with 234,329 tons, Gohar Zamin Company with 270,197 tons and Opal Parsian Sangan with 176,549 tons. The rise in concentrate output is driven by the continuous growth of steel production capacity in the country, which demands higher volumes of raw material. Iran is planning to become the world’s sixth largest steelmaker as per the goals set in the 20-Year Vision Plan, which stipulates attaining a production capacity of 55 million tons per year by 2025, according to Financial Tribune.