Iran produced 49.7 million tons of iron ore concentrate during the year to March 20, indicating a five percent growth compared to the corresponding figure last year, according to statistics released by the Iranian Ministry of Industry, Mine and Trade.
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.
Domestic Economy Desk
Iran produced 11.913 million tons of iron ore concentrate during the first three months of the current Iranian year (March 20–June 20), according to statistics released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
Iran’s annual iron ore extraction is expected to reach 107 million tons in the year to March 2022, according to the target set in the country’s roadmap for developing the domestic mining industry and the four-year plan of the Ministry of Industry, Mine and Trade.
Iran produced 39.341 million tons of iron ore concentrate during the first 10 months of the current Iranian year (March 21, 2019–January 20, 2020), marking a three-percent rise compared to the same period last year.
The Iranian government plans to levy a 10-percent export duty on non-concentrated iron ore from the beginning of the next Iranian year (March 21, 2018), according to a report by Steelprice, a domestic website close to the industry, citing Jafar Sarqeini, a deputy at Industry, Mine and Trade Ministry.
Iran exported 11.09 million tons of iron ore during the seven months from March 21-October 22 indicating a growth of 11.8 percent year on year, announced Iran's Mines and Mining Industries Development and Renovation Organization (IMIDRO) in a statement.
Iran's largest steel producer, Mobarakeh Steel Company (MSC) has completed the installation of a new five million ton per iron ore pelletizing plant in Sangan, northeastern Iran, and is ready to start commissioning following the final testing within next few days, according to a company statement.