News in Brief
IMIDRO saves nearly $840m by indigenizing mining machinery
Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and its subsidiaries indigenizde the technology for the production of $838 million worth of mining equipment and machinery during the year to March 19.
According to Hassan Younesian, who is an advisor to the IMIDRO head, the said figure is 20 percent ($144 million) more than the targeted figure for the previous Iranian year, IRNA reported.
Large companies active in mining and mineral industries including Mobarakeh Steel Company (MSC), Khuzestan Steel Company (KSC), Chadormalu Mining and Industrial Company, Golgohar Mining and Industrial Company, South Aluminum Corporation, Hormozgan Steel Company, Khorasan Steel Company, and Iran Alumina, have contributed to the domestic production of the mentioned equipment and machinery. In November 2023, Mohammad Mousavi, the deputy minister for heavy machinery and equipment industries said manufacturing of road construction and mining machinery in Iran has increased by 100 percent in the Iranian calendar year 1401 (ended on March 20, 2023).
Iron ore output tops 2.6m tons
ran’s major mining companies produced 38 percent more iron ore in the first month of the current Iranian calendar year (ended April 19) compared to the figure of the same month in the previous year.
According to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), the country’s 14 major mining companies produced 2.643 million tons of iron ore in the first month of the current year, IRNA wrote
The companies’ iron ore output stood at 1.918 million tons in the first month of the previous year.
In total, the country’s major mining companies produced 7.467 million tons of minerals in the mentioned month, while the figure was 5.33 million tons in the previous year’s same month.
Large mining companies also produced more than 4.602 million tons of iron ore concentrate in the first month of the current Iranian year, which was about one percent less than the figure for the same period last year.