Largest iron ore pellet plant opens in Iran with $360 worth of investment

IRNA

Iran’s largest iron ore pellet plant was inaugurated by President Hassan Rouhani in the central city of Bafq on Monday during an online ceremony as the government moves ahead with plans to expand Iran’s largely untapped mining and metals sector.

The Sechahun pelletizing plant locates in the province of Yazd on the border with Kerman province, Press TV reported.

Speaking during the inauguration ceremony, President Rouhani said, “Today, the very significant pelletizing project which is a very modern project and in fact one of most modern pelletizing plants in the country has been inaugurated with an investment value of 90 trillion rials ($360 million).”

However, a report by the official IRNA news agency said the plant, constructed in five years by a consortium of Iranian, Chinese and Japanese companies, has cost 1.855 billion yuans (nearly $285 million).

With five million metric tons of annual output for iron ore pellets, Sechahun is now Iran’s largest pelletizing complex. Its nominal capacity is 17,000 tons per day and it will feed on iron ore extracted from a major nearby mine and other reserves.

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Resource: PRESSTV.COM