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Iran Q1 mineral output exceeds 84m tons

Iran Q1 mineral output exceeds 84m tons

TEHRAN: Major Iranian mining companies produced 84.89 million tons of mineral products during the first quarter of the current fiscal year (March 21-June 21), registering a 9.49% growth compared to last year’s corresponding period, according to the Iranian Mines and Mining Industries Development and Renovation Organization’s latest report. The miners’ performance for Khordad, the third Iranian month ending June 21, indicates an 8.93% year-on-year rise to 28.29 million tons. Yet the Khordad output dropped 0.8% compared to the previous month (April 21-May 21).

Iran is home to 68 types of minerals with over 37 billion tons of proven and 57 billion tons of potential reserves, including large deposits of coal, iron ore, copper, lead, zinc, chromium, uranium and gold. Iron ore concentrate had the biggest share in Iran’s mineral production during the period under review with 9.49 million tons, registering a 37.62% growth YOY. Golgohar Mining and Industrial Complex accounted for 3.31 million tons of the total output, followed by Chadormalu Mining and Industrial Complex with 2.32 million tons, Iran Central Iron Ore Company with 1.13 tons, Gohar Zamin Iron Ore Company with 1.048 million tons, Middle East Mines and Mining Industries Development Holding Company with 939,957 tons, Opal Parsian Sangan with 524,519 tons and Sangan Iron Ore Complex with 190,940 tons. MIDHCO, Golgohar and Sangan were the only producers posting growth in production. Output at Chadormalu slid 2.55% YOY. Gohar Zamin, Opal Parsian and Sangan’s production remained unchanged. Production of granulated iron stood at 1.512 million tons, down 5.02% YOY. Iran Central Iron Ore Company was the biggest producer with 468,870 tons, followed by Jalalabad Iron Ore Company with 312,184 tons, Iran Central Plateau Iron Ore Company with 261,594 tons, Sangan Iron Ore Complex with 273,140 tons, Chadormalu Mining and Industrial Complex with 100,940 tons and Mishdavan iron Ore Company with 95,585 tons.

Pellet had the second largest share with a total output of 7.79 million tons, up 22.29% YOY. Golgohar was the largest producer with 2.56 million tons, followed by Mobarakeh Steel Company with 1.89 million tons, Khouzestan Steel Company with 1.64 million tons, Chadormalu with 938,640 tons and MIDHCO with 750,424 tons. Direct-reduced iron came next with production of 4.77 million tons, up 12.61% YOY. Mobarakeh had the lion’s share with 1.97 million tons, followed by KSC with 1.07 million tons, Hormozgan Steel Company with 411,805 tons, Saba Steel Complex with 322.123 tons, South Kaveh Steel Company with 303,032 tons, Khorasan Steel Company with 273,315 tons, MIDHCO with 212,872 tons and Ghadir Iron and Steel Company with 212,738 tons.