Copper cathode output increases 6% in 8 months on year

mahla — Tue, 04 Jan 2022 09:50:38 +0000

TEHRAN (Iran News) – Production of copper cathode in Iran rose 6.2 percent in the first eight months of the current Iranian calendar year (March 21-November 21, 2021), as compared to the same period of time in the past year.

As reported, the country produced 202,000 tons of copper cathode in the eight-month period of this year.

The periodical reports and statistics indicate that Iran’s metals sector is progressing both in terms of production and export despite the limitations imposed by the U.S. sanctions.

The country’s copper industry is moving forward noticeably, as some outstanding projects are implemented.

Iran has posted outstanding figures in terms of copper cathode production and export.

Copper cathode is the primary raw material input for the production of copper rod for the wire and cable industry.

Back in April, 2021, the managing director of National Iranian Copper Industries Company (NICIC) announced the discovery of one billion tons of new copper reserves in the country.

NICIC carried out 101,000 meters of deep drilling to identify new copper reserves across the country in the previous Iranian calendar year, which resulted in the discovery of one billion tons of new reserves, Ardeshir Sa’d-Mohammadi said in a press conference.

Sa’d-Mohammadi put the value of the discovered reserves at 350 trillion rials (about $1.206 billion).

According to the official, NICIC had also discovered 523 million tons of copper reserves across the country during the Iranian calendar year 1398 (March 2019- March 2020).

Considering the new discoveries, NICIC’s total copper reserves across the country have currently surpassed eight billion tons.

The official put the country’s total copper reserves at 40 billion tons, saying that Iran currently has the world’s seventh-largest copper reserves, and hopefully the country will climb to sixth place in the current Iranian calendar year.

Sa’d-Mohammadi further mentioned the new record achieved in the country’s copper cathode production and noted that over 280,000 tons of the mentioned product were produced in the country during the previous year, which was 12 percent more than the preceding year.

According to the official, NICIC has defined more than €2.4 billion plus 300 trillion rials (about $1.034 billion) worth of projects to be implemented over the next four years, which will increase the company’s total copper concentrate capacity to 2.3 million tons.

He further noted that the country’s copper exports increased in the previous year despite the negative impacts of the coronavirus pandemic and the U.S. sanctions.

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Iran Produced 115,000 Tons of Copper Cathode: 5-Month Report

reporter 1222 — Wed, 09 Sep 2020 05:19:46 +0000

TEHRAN (Iran News) – Iran produced 115,700 tons of copper cathode during the first five months of the current Iranian year (March 20-August 21), which marks a five percent growth compared to the figure for the same period last year.

According to a report by IRNA on Tuesday, Iranian copper plants also produced 24,621 tons of copper cathode during the month to August 21, indicating a 23 percent growth compared to related figure for last year.

Production of copper concentrate in Iran surpassed 493,000 tons during the five-month period, showing a one percent growth year-on-year, added the report.

The report added that the country produced 89,000 tons of copper concentrate during the month to August 21, four percent more compared to the figure for the same period last year.

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 has also caused the country’s copper smelting capacity to rise to 400,000 tons per year. This project has 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.

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Copper cathode output increases 6% in 8 months on year

Iran Produced 115,000 Tons of Copper Cathode: 5-Month Report