Iran’s annual copper output expected to reach 440,000 tons by 2015

Jan 27, 2012 12:00 AM

Iran’s copper production capacity stands currently at around 220,000 tpy and the capacity is projected to be doubled by the end of the fifth five-year development plan (2015), the industry, mine and trade announced.
Mehdi Ghazanfari made the announcement on the sidelines of a ceremony inaugurating a number of copper production development plans in south-eastern Kerman province.

Ghazanfari said Iran holds around 57 bn tons of proven and probable mineral reserves, worth around $ 770 bn, placing the country among the top ten countries in terms of mineral reserves.
Ardeshir Sa’d-Mohammadi, the National Iranian Copper Industries Company managing director, announced in December 2011 that more than rials 80 tn (some $ 8 bn) has been invested in Iran’s copper industries since the beginning of the current Iranian calendar year which started on March 21, 2011.

Sa’d-Mohammadi said some 36 mm tons of copper is extracted annually in the country and the figure is projected to increase to 70 mm tons next year. Iran is now at the ninth place in the world in terms of copper reserves, he explained.
“Currently, 40 development plans for copper production, with a value of $ 7.35 bn, are underway across the country, and through the implementation of these projects, Iran’s annual production capacity of copper will rise from the current 200,000 tons to 700,000 tons, showing a 3.5-fold increase,” the NICIC chief said in November.

He went on to say that Iran currently has 32.5 mm tons of copper reserves, but this figure will increase in the coming months.

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