Copper cathode output registers 12% rise in H1: IMIDRO
Iran produced 145,000 tons of copper cathode during the first six months of the current Iranian year (March 20-September 21), which indicates a 12-percent rise compared to corresponding figure of preceding year.
Announcing the above, Mohammad Aqajanlou, the head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), added that the growth was achieved despite the power shortages in the copper producing complexes, IRNA reported.
During the six months to September 21, the exploratory operations of the company reached 256,000 meters which shows a growth of 35% compared to the opposite figure of last year, the official stated.
An 18% year-on-year sales growth was registered during the six months, as $1.125 billion worth of copper products were destined to domestic and international markets, Aqajanlou noted.
Estimates suggest the country holds roughly 6% of the world’s copper reserves. This translates to a staggering potential of over 50 million tons of recoverable copper, a figure that continues to grow with ongoing exploration efforts.