Coal Co. Sets Concentrate Production Target at 2m Tons p.a.
Economy, Business And Markets

Coal Co. Sets Concentrate Production Target at 2m Tons p.a.

Coal concentrate output in Tabas Parvadeh Coal Company is set to reach two million tons per annum from the current 750,000 tons as part of a five-year development plan, said the manager of the development project, Omid Fallah.
Tabas region in South Khorasan Province holds about 55-76% of the country’s coal reserves, with an estimated proven coal reserve of 2.5 billion tons including 1.1 billion tons of coking coal in Parvadeh region and 1.4 billion tons of thermal coal in Mazino area, Eghtesad News reported.
Development plans in Tabas region include starting coal extraction from Parvadeh mines number 2,3 and 4, extracting thermal coal from Mazino region and exploration operations in four other regions, said Fallah.
Fallah said while coking plants in the country have the capacity to produce 3.6 million tons of coal concentrate annually, current production stands at 1.5 million ton per year, necessitating import of coal concentrate.
The steel sector is one of the major consumers of coal concentrate for use in blast furnace. The newly-unveiled Comprehensive Steel Plan requires steelmakers to increase blast furnace steel production to six million tons per annum.
Such increase requires the annual production of 3.2 million tons of coke and more than 4.5 million tons of coal concentrate.
Fallah noted that if the €70 million finance pledged by the Chinese MCC Group is finalized this Iranian year (started March 21), the development of Parvadeh-4 mine will be completed within 49 months, adding 450,000 tons to the annual coal concentrate production capacity.

Short URL : http://goo.gl/4p1N4v

You can also read ...

Asian and European economic support for Iran offers the potential to improve existing alternative international trade links and develop new links.
While American President Donald Trump has withdrawn from the...
1st USD Rate Hike After Unification
For the first time after the government decided to unify the...
Uber Chief Product Officer to Leave
Uber Technologies Chief Product Officer Jeff Holden is leaving...
Tesla Model 3
Elon Musk’s Model 3, once touted as Tesla’s $35,000 car for...
The number of foreign students enrolled in Iranian universities increased by 19% in the last Iranian year (ended March 20, 2018) compared to the year before.
Currently, some 55,000 foreign students are studying in...
Iranians’ per capita honey consumption is 1 kilogram per year, while it is around 200 grams in other countries.
Iran has made noticeable progress in honey production, as it...
Efforts Underway to Unblock Iranian Accounts in Georgia
Efforts are underway to unblock some bank accounts belonging...
HSA is aimed at promoting homeownership among young couples.
The idea of tapping into the reserves of the National...