The first is a 5-million-ton pellet-making plant under construction by Opal Parsian Sangan Mineral and Industrial Company, which will be completed by October. National Industries and Mining Development Company is the investor of the next project, a 5-million-ton iron ore concentrate plan slated to open in late September.
Known as “Iran’s Mineral Heaven” and located in Khorasan Razavi Province, Sangan is home to over 1.2 billion tons of estimated iron ore reserves and expected to expand even more through further explorations. Iran’s flagship flat steel producer Mobarakeh Steel Company inaugurated a 5-million-ton per year pellet-making plant in the region last week with an investment of 10 trillion rials ($263.15 million).
Source: Financial Tribune