The country’s major mineral production companies produced 47.3 million tons of iron ore concentrate in the year to March 19, 2020, IRNA reported on Tuesday.
According to the report, in the said period, 16.3 million tons of iron ore concentrate were produced by Gol-e Gohar Mining and Industrial Company, which had the lion’s share in the country’s output.
Based on the data, over 3.5 million tons of iron ore concentrate were also produced during the month to March 20, to register a five percent drop as compared to the corresponding figure for its preceding year, which was 3.7 million tons.
On March 9, Iranian President Hassan Rouhani inaugurated the country’s largest iron ore pellet plant in the central city of Bafq as his government moves ahead with plans to expand Iran’s largely untapped mining and metals sector.
Rouhani opened the Sechahun pelletizing plant, located in the central province of Yazd on the border with Kerman Province, using a videoconference call.
“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),” said Rouhani during the inauguration ceremony.
A report by IRNA said the plant, constructed in five years by a consortium of Iranian, Chinese and Japanese companies, has cost 1.8 billion yuans (nearly $285 million).
With five million 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.
Total projects created some 13,000 jobs in manufacturing, social services and tourism sectors.
Activity in Iran’s largely untapped mining and metals sector has boomed in recent years in light of government efforts to diversify the economy away from crude to reduce the harms of foreign sanctions on oil exports.
According to recent figures released by the World Steel Association (WSA), Iranian steelmakers cast over 29 million tons of crude steel in 2020.
The statistics show a 13.3 percent rise for Iran compared to the corresponding figure of 2019, which stood at 25.6 million tons.
According to the Islamic Republic’s Vision Plan, the country’s total steel production capacity is to hit 55 million tons a year by 2025, with the export figure expected to reach 10-15 million tons.
The World Steel Association is one of the largest and most dynamic industry associations in the world. WSA members represent approximately 85 percent of the world’s steel producers, including over 150 steel producers, with nine of the 10 largest steel companies, national and regional steel industry associations and steel research institutes.