Metalsnews: 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.

 

Source: Financial Tribune

  • Latest News
  • Most Popular

 


 

Hot events

  • Iran Alloy Steel Company; the Pioneer of Production

    Iran Alloy Steel Company is the first producer of alloy steel in Iran. This company posse one of the most equipped and modern plants in alloy steel production business and is capable of exporting its products to many developed countries such as Europe. Mohammad Ebrahim Ghadirian, CEO of the company…
    read more...
  • Foulad Nab Tabriz; Pioneer of Iran’s Steel Industry

    Foulad Nab Tabriz Company as a pioneer of the steel industry in the private sector was established in 2003 by Iranian-Turkish joint venture in the city of Tabriz in order to benefit from economic and industrial potentials of both countries. Preparation and foundation operations started in the beginning of 2004…
    read more...
  • Automobile with Iranian Galvanized Roll

    Galvanized roll has a lot of usage in different industries due to unique properties and also high resistance against corrosion. One of the largest consumers of this roll is automotive industry. In this regard, a factory for production of galvanized roll for coachbuilding has been built in Sefid Dasht region,…
    read more...
  • Iran Alumina Company Plan for 40 Years Activity

    Iran Alumina Company as the first producer of three strategic products "metal grade alumina", "aluminum hydroxide" and "alpha alumina" in the Middle East is active in Jajarm region in North Khorasan province activities and with the goal to complete the value chain in the region, have implemented the plan for…
    read more...
  • Foulad Nab Tabriz, a Pattern for Iranian-Turkish Joint Investments

    Foulad Nab Tabtiz has been establish by Iranian and Turkish partners and has an excellent track record in supplying Iranian domestic market demand for steel profiles in its ten years of successful production. Çetin Kaya the head of iron and steel division of NAB Holding, the Turkish partner, believes that…
    read more...

Featured photos and videos

cache/resized/aa7d917e71928f6a9ae69309a14eb771.jpg
Metalsnews: Tehran Stock Exchange’s main index
cache/resized/f7bd3787264080d9f828ea1e37767d36.jpg
Metalsnews: HRC 2 mm thickness was USD 632/mt on
cache/resized/9f5a39817150ca6b13ba8fce8d9a7293.jpg
Metalsnews: Debar price was downward in Iran last
cache/resized/475bfb901212d0e67c24d635a5cda6cb.jpg
Metalsnews: Billet was downward during last week
cache/resized/09fd58b1711d14553d6a6f629ff81b22.jpg
Metalsnews: HRC 2 mm thickness was offered at USD
cache/resized/6b5e88a8c966eadd3d8e5ec244b48024.jpg
Metalsnews: Debar diameter 14-25 mm were offered
cache/resized/2a4dc3e8234ef34d103a4a5ab702c332.jpg
Metalsnews: Billet price started first week of
cache/resized/9fbb0027b1ff28e6cb538a97c9b1b9e2.jpg
Metalsnews: Iranian steelmakers produced 30
Template Settings

Color

For each color, the params below will give default values
Black Blue Brow Green Cyan

Body

Background Color
Text Color
Layout Style
Select menu
Google Font
Body Font-size
Body Font-family