News ID: 272647
Published: 1245 GMT August 09, 2020

Iran produced over 91,000 tons of copper cathode in four months: Report

Iran produced over 91,000 tons of copper cathode in four months: Report

Iran produced 91,080 tons of copper cathode during the first four months of the current calendar year (March 20-July 21, 2020), which marks a one percent growth compared to the figure for the same period last year.

According to a report by IRNA on Sunday, Iranian copper plants also produced 22,072 tons of copper cathode during the month to July 21.

Production of copper concentrate in Iran hit 403,994 tons during the four-month period, indicating a one percent growth year-on-year, added the report.

In early May, four development projects worth about $952.3 million were inaugurated in the copper sector of the southeastern Iranian province of Kerman.

President Hassan Rouhani inaugurated the projects through a videoconference.

All pertaining to Khatoonabad Copper Complex, the projects included increasing the complex’s copper smelting capacity as well as building a copper concentrate storage facility, a sulfuric acid production plant and an oxygen-supplying unit there.

The inaugural ceremony was attended by Khodadad Gharibpourt, the managing director of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

The completion of the first project has helped increase the complex’s copper anode production capacity by 50 percent to reach 120,000 tons. It also has caused the country’s copper smelting capacity to rise to 400,000 tons per year. This project has also created 120 jobs.

Some 1.11 trillion rials (about $26.4 million) plus $118 million were invested in this project.

The second project, which was the construction of a 60,000-ton storage facility, was implemented with 158 billion rials (about $3.7 million) plus €3 million in investments. It has generated 250 jobs.

The value of investments in the third project amounted to 750 billion rials (about $17.8 million) plus €100 million. The fourth plan was implemented with investments worth 192 billion rials (about $4.5 million) plus €31 million.

Iran plans to produce 1.42 million tons of copper concentrate by March 20, 2021.

Last year, although the country had set an annual production target of 1.19 million tons, it only produced 1.18 million tons of copper concentrate.

Iran’s copper exports doubled in the year to March 2020 despite a series of bitter sanctions imposed by the US on the country aiming to hamper the Islamic Republic’s trade of lucrative metals.

   
KeyWords
 
Comments
Comment
Name:
Email:
Comment:
Security Key:
Captcha refresh
Page Generated in 0/0668 sec