11146
Zinc, Lead Ore Extraction Rising
Economy, Business And Markets

Zinc, Lead Ore Extraction Rising

Anguran mine in Zanjan province extracted nearly 17% more zinc and lead in the first ten months of the current Iranian year (to end March 20) than the similar period last year, based on a report by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
Anguran mining company, Iran’s major state-owned zinc and lead company, extracted nearly 818,000 metric tons of zinc and lead ores during the ten-month period (ended January 20) compared with 704,000 tons extracted during the same period last year, IRNA reported.
According to the report, the mine dispatched 697,054 tons of minerals to lead and zinc processing companies during this period, indicating a 4% growth compared with the previous year.
Anguran mine, along with Mehdiabad mine in Yazd province and Nakhlak in Isfahan province –all of which are owned by subsidiaries of IMIDRO – together extracted 899,682 tons of lead and zinc ore in the previous Iranian year (March 21, 2103- March 20, 2014).
Iran seeks to increase its lead and zinc production through implementation of IMIDRO’s plans. After the current administration led by President Hassan Rouhani took office in 2013, it has tried to boost investments in the mining sector. Officials recently announced an agreement between the Australian UCL company to invest $1 billion in Mehdiabad zinc mine as part of a joint venture with Iran Zinc Mines Development Company. The investment is expected to yield 200,000 tons of zinc ingots production per year.
Zinc is the world’s fourth most commonly used metal after iron, aluminum, and copper with an annual global production of about 12 million tons. About 70% of the world’s zinc originates from mining, while the remaining 30% comes from recycling.

Short URL : http://goo.gl/dztd07

You can also read ...

US Pressuring German Firms ‘Daily’ Over Iran Sanctions
Washington’s ambassador in Berlin has been pressuring German...
Iran and the Eurasian Economic Union signed a three-year provisional agreement on May 17 for the bloc to welcome Iran into the EEU Free Trade Zone.
The Eurasian Economic Commission Council approved the roadmap...
India in Touch With All Stakeholders on Iran Sanctions
Following fresh US sanctions on Iran over its nuclear program...
Crypto Trading Continues to Decline Since CBI Ban
Cryptocurrency transactions in Iran have significantly...
Google Defends Gmail Data Privacy Policy
Alphabet Inc’s Google gave details about its policies for...
Arrest Over Afghan Forex Smuggling
A man has been arrested for smuggling $38,000 from Afghanistan...
IRICA: Gold, Forex Imports Not Smuggling
The import of foreign currency does not amount to smuggling...
Copper Concentrate Output Sees 12% Growth
Major Iranian copper producers produced 488,859 tons of copper...

Trending

Googleplus