With an annual production of 34.5 million tons, Iran is currently the world’s eighth biggest producer of copper in the world, the managing director of the National Iranian Copper Industries Company said.
Ardeshir Sa'd-Mohammadi added that with the development of mineral explorations, the country will soon ascend to the seventh rank.
According to the official, Iran’s copper reserves make up 4.15% of the global copper reserves, Fars News Agency reported.
Iran's major Sungun Copper Mine’s reserves exceed 1.2 billion tons while that of Miduk Copper Mine surpass 500 million tons.
According to Sa'd-Mohammadi, the copper industry has a 50-million-ton share in Iran's annual mineral output.
He says Iran’s copper production is expected to exceed 260,000 tons by the end of the current fiscal year (March 19, 2020) and will exceed 300,000 tons next year (March 2020-21).
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