Iran’s quarterly copper concentrate output tops 320,000 tons



Iran produced 320,449 tons of copper concentrate during the first three months of the current Iranian year (March 21-June 21), which was three percent more than the figure for the same period in the past year.
Production of copper concentrate stood at 105,595 tons in the third month of this year, which was five percent more than the figure for the same month of the previous year, according to imidro.gov.ir.
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 US sanctions.
The country’s copper industry is moving forward noticeably, as some outstanding projects are implemented.
In April, the managing director of National Iranian Copper Industries Company (NICICO) announced the discovery of one billion tons of new copper reserves in the country.
NICICO carried out 101,000 meters of deep drilling to identify new copper reserves across the country in the previous Iranian calendar year (ended on March 20), which resulted in the discovery of one billion tons of new reserves, Ardeshir Sa’d-Mohammadi told a press conference.
He put the value of the discovered reserves at 350 trillion rials (about $8.3 billion).
According to the official, NICICO had also discovered 523 million tons of copper reserves across the country during the year to March 2020.
Considering the new discoveries, NICICO’s total copper reserves across the country have currently surpassed eight billion tons.
The CEO 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 the sixth place in the near future.