Speaking at a press conference, Mr. Mahmoud Nourian said he is proud to announce that Chadormalu Company is a pioneer company in indigenizing the parts which are needed in the mining industry and briefed the reporters of the future programs of the company.
IRAN NEWS ECONOMIC DESK
He said the problem in providing forex for the company has decreased in the past year. He went on to say that the company is 3 percent ahead of its target. He went on to say that the company extracted and produced 32.75m tons which covered 30 percent of the budget. He went on to say that since the beginning of this month, the company has produced 28.5m tons of products which equals to 40 percent of the budget and it shows that the company is 3 percent ahead of its target.
Nourian stated that the company sells most of its products in the country and it exports its steel billet and lump.
He went on to say that the company produces 165m tons of concentrate and it sells 4m tons of pelletizing in the domestic market.
Nourian reiterated that the company has set a record in producing sponge iron, adding that 53 percent of net profit of the company is in production of sponge iron.
He went on to say that the company has no problem in its mining reserves, adding that as long as D19 has iron ore, the company has no problem. He noted that some small mines are also around Chadormalu plants and the company purchases iron ore from those mines.
- source : Iran news
