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NICICO Copper Concentrate output up by 15pct

Metal News - Published on Thu, 24 May 2018

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Financial Tribune reported that subsidiaries of National Iranian Copper Industries Company produced 107,795 tonnes of copper concentrate in the last fiscal year, registering a 15% growth year-on-year.

Sarcheshmeh Copper Complex accounted for 66,876 tonnes of the total figure, up 20% YOY. It was followed by Sungun complex with 26,839 tonnes, up 5%, and Miduk complex with 14,080 tonnes up 11%, according to data released by Iranian Mines and Mining Industries Development and Renovation Organization. The three mines’ anode and cathode output were up 29% and 6% to 24,761 and 14,211 tonnes respectively.

NICICO also extracted 16.16 million tonnes of oxide copper ore during the month, up 19%. Sulfide ore extraction grew 10% to 4.84 million tonnes. Iran is home to 68 types of minerals with over 37 billion tonnes of proven and 57 billion tonnes of potential reserves, including large deposits of coal, iron ore, copper, lead, zinc, chromium, uranium and gold.

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Posted By : Amom Remju on Thu, 24 May 2018
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