Mehdiabad holds about 5% of the world’s zinc reserves with an estimated deposit of 716 million tons.
Mehdiabad holds about 5% of the world’s zinc reserves with an estimated deposit of 716 million tons.

Phase I of Iran’s Largest Lead, Zinc Mine Underway

Phase I of Iran’s Largest Lead, Zinc Mine Underway

The first phase of zinc concentrate production at Iran’s largest lead and zinc mine is set to be completed by the end of the next fiscal year (March 2019), the managing director of Mehdiabad Mine said.
“This mining complex will reach [its full] annual production capacity of 800,000 tons each for zinc and lead concentrate respectively in four years and three stages,” Amin Safari was also quoted as saying by Iranian Mines and Mining Industries Development and Renovation Organization.
According to Safari, Mehdiabad holds about 5% of the world’s zinc reserves with an estimated deposit of 716 million tons.
Located in Yazd Province, it is a world-class oxide, sulfide and mixed oxide-sulfide zinc, lead and silver deposit. The mine is of utmost importance to the Iranian lead and zinc industry, as it is the country’s only major source of the minerals, with Angouran Mine in Zanjan Province nearing depletion.
The completion of production phases will also enable the mine to produce 2.4% of the world’s total zinc output every year.
Completing the mine’s expansion program requires a total of $1 billion of investment, only 1.5 trillion rials ($36.58 million) of which have been realized so far.
Back in March, a consortium of Iranian private companies signed a deal worth $1 billion with IMIDRO, the state-owned mining holding in charge of the mine, to develop Mehdiabad and operate it for the next 25 years.
According to IMIDRO Chairman Mehdi Karbasian, the consortium was made up of Iran Lead and Zinc Industries and Mining Association and six private companies led by Mobin Mining and Construction Company.
Operations at the mine started several years ago after a joint venture was formed between the Australian company Union Capital Limited and the Iranian mining and engineering company ITOK.
But after the two investors ran into disagreements with the government over the details of the deal, operations in Mehdiabad came to a halt.
“This project was stagnant for over two decades … Its lack of progress made us to look for new investors,” IMIDRO public relations quoted Karbasian as saying.


Short URL : https://goo.gl/3v7NAF
  1. https://goo.gl/eMiwwH
  • https://goo.gl/4TAaru
  • https://goo.gl/YyHQry
  • https://goo.gl/vNt2Qj
  • https://goo.gl/Fn7Vb7

You can also read ...

German firms, especially those without business links to the US, want to continue their Iran business.
While Germany’s big banks are studiously avoiding Iran-related...
New Rules Allow  Direct Forex Sale
Businesspeople that have validated their purchase orders are...
Iran is the world’s biggest saffron producer and accounts for more than 90% of the global production.
Iran Mercantile Exchange launched saffron futures trading for...
Banking Amendments Approved
The Money and Credit Council approved the Central Bank of Iran...
Iran Khodro Expanding Presence in Iraqi Market
Iran’s largest carmaker, Iran Khodro, is set to export 6,000...
Uber Plans Taxi-Hailing  in Japan
Uber Technologies plans to launch its first taxi-hailing pilot...
Tesla Admits Model 3 Braking Issue, Promises Fix
Tesla Inc’s Chief Executive Officer Elon Musk admitted on...
Prices have been jacked up by car dealers and some makers by 6-22% only in the past few weeks.
Authorities are set to ratify new car prices for models...

Add new comment

Read our comment policy before posting your viewpoints