NICICO Sales Rise 19% to Over $1.3 Billion

The National Iranian Copper Industries Company’s sales stood at 419,516 billion rials ($1.32 billion) from the beginning of the current Iranian year on March 21 to Sept. 17, registering a 19% year-on-year rise, according to the company’s CEO Ali Rostami.
He noted that NICICO produced 596,227 tons of copper concentrate during the period to register a 7% rise compared with last year’s corresponding period, Fars News Agency reported.
“While the global price of copper has dropped 25%, we are still 26% ahead of our strategic plans in terms of domestic and foreign sales. And despite frequent power outages and fluctuations in foreign currency rates, and the fact that NICICO implemented overhaul repairs of complexes in the fourth [June 22-July 22] and fifth [July 23-Aug. 22] months of the current year, we managed to achieve unique performance and unprecedented records,” he said.