Copper cathode production in Iran reached 110,000 MT during the first five months of year 1398, stated Ardeshir Sa’d-Mohammadi, the managing director of Iran’s National Copper Company, on Saturday.
According to a report released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), production of copper cathode and anode in Iran exceeded the planned amount last year 1398 (ending to March 20, 2019).
IMIDRO data indicate that National Copper Company produced 247,300 MT of copper cathode and 313,700 MT of copper anode in the previous year, indicating 15% and 21% rise, respectively, from the projected figures. Meanwhile, IMIDRO has announced that production of copper concentrate in Iran during the past Iranian year was five percent more than the planned figure.
IMIDRO data put the country’s copper concentrate output at 1.18 million MT in the past year, which is 1.123 million MT more than the planned amount. And as Sa’d-Mohammadi announced on June 18, projects have been already started for increasing the country’s annual production of copper concentrate by 450,000 MT.
Also as reported, National Copper Company earned over 100 trillion IRR (about USD2.38 billion) from the copper sales in the previous year, which was seven percent higher than the planned figure. As announced by the directors of the company, current year’s sales have been targeted achieving 150 trillion IRR (about USD3.57 billion).