Domestic Economy
0

NICICO Sales Top $1b in 7 Months

NICICO Sales Top $1b in 7 MonthsNICICO Sales Top $1b in 7 Months

The National Iranian Copper Industries Company sold 117.51 trillion rials ($1 billion) worth of products during the seven months to Oct. 22 to register a staggering rise of 144% compared with last year’s corresponding period.
According to the company’s managing director, Ardeshir Sa'd-Mohammadi, NICICO’s sales during the seventh Iranian month (Sept. 23-Oct. 22) amounted to 17.23 trillion rials ($154.52 million), up by 259% year-on-year, ISNA reported.
NICICO is a leading copper producer in the Middle East and North Africa region and its mines hold close to 14% of Asia’s copper deposits and about 3% of global reserves.
Iran holds about 4 billion tons of estimated copper reserves, the Geological Survey of Iran declared. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com