Economy, Business And Markets

Iran: Mineral Projects Worth $2.3b Launched in Fiscal 2017-18

Mineral Projects Worth $2.3b Launched in Fiscal 2017-18Mineral Projects Worth $2.3b Launched in Fiscal 2017-18

Iranian Mines and Mining Industries Development and Renovation Organization inaugurated 23 mineral projects worth $2.3 billion in collaboration with the private sector last fiscal year (March 2017-18), IMIDRO Chairman Mehdi Karbasian announced.
“The projects, mostly made up of iron processing plants, increased Iran’s pellet and concentrate production capacity by 10 million and 2.5 million tons to reach 48.2 and 51.9 million respectively,” Karbasian was quoted as saying by IRNA.
Three of the projects boosted Iran’s direct-reduced iron output capacity by about 1.6 million tons using an indigenous production technology called PERED, or Persian Reduction.


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