Iron Ore Pellet Plant Construction to End in Nov.

EghtesadOnline: The construction of Butia Iranian Steel Company’s 5.2-million-ton iron ore pellet plant in Kerman Province is scheduled to be completed by late November, the head of Majlis Economic Commission said.

News ID: ۷۷۹۴۵۶

27 September 2017

“The plant is already undergoing trial production, which was initiated back in June. Initial investment in the project amounted to 40 trillion rials ($1.02 billion),” Mohammad Reza Pour-Ebrahimi was also quoted as saying by Minews. BIS Company, which is a subsidiary of Middle East Mines and Mining Industries Development Holding Company, was first established in 2012 as a pellet, direct-reduced iron and steel producer. The Iran Fara Bourse-listed MIDHCO operates 16 subsidiary companies with assets spanning over different sectors of the mining industry, including steel, iron ore and copper, Financial Tribune reported.