9,915.62 TRY BIST 100 BIST 100
4.51 CNY CNY CNY
34.89 EUR EUR EUR
32.51 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
44.70 TRY Interest Interest
89.50 USD Fossil Oil Fossil Oil
27.20 USD Silver Silver
4.58 USD Copper Copper
119.16 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,438.11 TRY Gold (gr) Gold (gr)

The country's largest iron ore concentrate factory started operations in Iran's Kurdistan region

The iron ore reserve discovered in the Qorveh mine in the Kurdistan region of Iran is 18 million tons, and a project investment of 7500 billion divisions has been made in this region.

The country's largest iron ore concentrate factory started operations in Iran's Kurdistan region

SabaNour Mining and Industry Company invested in the steel chain in the Kurdistan region of western Iran. It was announced that the company drilled more than 60,000 meters in the past year and discovered a total of 80 million tons of iron ore reserves.

The iron ore reserve discovered in the Qorveh mine in the Kurdistan region of Iran is 18 million tons, and a project investment of 7500 billion divisions has been made in this region. The Qorveh iron ore concentrate factory project was initiated by Saba Noor Mining and Industry Company. The annual production capacity of the project investment amounting to 7500 billion divisions is planned to be 2 million tons.

“This industrial unit will be the largest iron ore concentrate plant in the west of the country,” said Dr. Ardeshir Saad mohammadi, CEO of Mines and Metals Development Investment Company.

According to the plans, this factory will reach the operational stage in October 1404 (October 2025) with the date of Iran.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Vişne Madencilik launches IPO process

Wednesday, April 24, 2024

Performance of Korean steel giants decreased in the first quarter

Saturday, April 27, 2024

Israel acts to limit scrap metal exports amid supply shortage

Wednesday, April 24, 2024

China's steel surplus problem faces global boycotts

Saturday, April 27, 2024

Stagnant domestic demand in the South Korean steel industry triggers exports

Wednesday, April 24, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now