NEWS
Copper  

The Production Program of 2018-2019 Implemented

Me-Metals – Saad Abdi – Planning and Observation Manager of National Iranian Copper Industries Co. (NICICO) said: With maximum production, execution of developmental plans, localization and making use of the experiences of the predecessors at the four main axes of the copper company, we have been able to implement the production program of 1397 - the solar year - (equal to half of 2018 and half of 2019).

Saad Abdi – Planning and Observation Manager of National Iranian Copper Industries Co. (NICICO) – in an exclusive interview with the Me-Metal’s journalist declared: Despite sanctions, we have been able to implement the programs of the National Iranian Copper Industries Co. (NICICO) during the last two weeks of the year, so that the production of copper concentrate on 12 Esfand 1397 (03 March 2019) was 1,123,000 tons and hopefully the production will reach to 1,160,000 tons by the end of the year (1397).

Abdi stated: At first, the production program of copper anode for 1397 (2018-2019) was to produce 245,000 tons, but after the US sanctions imposed on Iran, we increased the production program to 260,000 tons and implemented the new program on 05 Esfand 1397 (24 February 2019). Fortunately, more than 298,000 tons anodes have been produced until 13 Esfand 1397 (04 March 2019) and the production will certainly surpass 310,000 by the end of the year. These records in production have been set for the first time in the history of the copper company.

He added: The production program of copper cathode for 1397 (2018-2019) was also at first 200,000 tons, then we augmented the amount to 215,000 tons after the US sanctions and have been able to implement the program on 06 Esfand 1397 (25 February 2019). To be fortunate again, more than 233,700 tons copper cathodes have been produced until 14 Esfand 1397 (05 March 2019) and the production will definitely surpass 244,000 tons cathodes by the end of 1397 (2018-2019). This number is the highest amount of cathode production of the National Iranian Copper Industries Co. (NICICO) in the history of the company.

With emphasis on 185,000,000 tons as the whole amount of exploitation by the National Iranian Copper Industries Co. (NICICO), the Planning and Observation Manager of NICICO expressed: At first, the index of mineral copper content was 280,000 tons, but in the production program it has been increased to 286,000 tons after the US sanctions, and as of today, 15 Esfand 1397 (06 March 2019), we have been able to beat this record as well. Abdi said: We predict that our production of copper content will reach to 303,000 tons by the end of the solar year (2018-2019).

In the interview with Me-Metals he also added: The sale program of the National Iranian Copper Industries Co. (NICICO) for the year was 9,000 billion tomans (90,000 billion rials), but because of the improving situation of the company, 10,000 billion tomans (100,000 billion rials) products will hopefully be sold till the end of 1397 (2018-2019).

In conclusion, Mr. Abdi stated: The successes of the National Iranian Copper Industries Co. (NICICO) rely on the main strategies of the company for 1397 (2018-2019) and have been achieved owing to strengthening the basic principles of the company, such as human forces, development, production sustainability, maintenance and improvement of the quality of the products, improvement of the environmental standards, optimization of material usage, devices, water and energy carriers.  

 

Interview by: Alireza Jafarinejad

Translation by: M. Payehghadr

News No: 3997
Date: 2019/03/13 - 15:40
News Source: ME-METALS

Saad Abdi  NICICO  Copper  copper anode  copper cathode 

Comments:

Leave a Comment:

   
   
   
 CEO of NICICO at the meeting of production in "Shahre Babak Copper Complex" announced:

The First Phase of Water Transfer Plan To Exploit Early Next Year

ME-METALS: By the purpose of consideration of production of ”Shahre Babak Copper Complex”, till mid of July this year, the meeting regarding the production of this complex, held in this company on Sunday evening (07 July 2019), with the participation of "Dr. Ardeshir Saad Mohammadi" CEO of NICICO.
 

Antofagasta, Barrick get almost $6 billion after legal win against Pakistan

A World Bank’s tribunal has awarded almost $6 billion to Tethyan Copper Co. (TCC), a joint venture between Antofagasta PLC (LON:ANTO) and Barrick Gold (TSX:ABX) (NYSE: GOLD) Pakistan, settling this way a seven-year battle over a multi-billion-dollar copper and gold reserve in the country.
 

Rio could fast-track key Australia copper find before U.S. asset

Rio Tinto Group’s much-followed copper discovery in remote Western Australia could leapfrog a key U.S. project to be fast-tracked into production by the world’s No. 2 miner, according to a senior executive.
 

University study confirms porphyry systems at Jaxon’s BC project

Quartz tourmaline breccia has been identified as indicative of porphyry systems at Jaxon Mining’s (TSXV: JAX) Red Springs project in western Canada.
 

Chile to triple fines for environmental damages, infractions

Chilean President Sebastian Piñera has submitted a series of modifications to a bill introduced earlier this year which would set stiffer fines and jail time for serious violations of the country’s environmental rules.
 

Lundin closes $1 billion acquisition of Chapada copper-gold mine

Lundin Mining on Friday announced it has closed the acquisition of a 100% ownership stake in Mineração Maracá Indústria e Comércio S/A, which owns the Chapada copper-gold mine in Brazil from Yamana Gold.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners