First Aluminum ingot of Jajarm Aluminum Plant produced, Chairman of the board of IMIDRO announced.
Jajarm Aluminum Production Plant was stagnant in last decade. During the 11th Government as a strategic project, IMIDRO restated the project in 1394(2015-2016), Khodadad Gharibpour said.
He added that €94 million and IRR2100 billion were invested in the project.
The project led to 400 direct and 2000 indirect employment, Gharibpour continued.
One of the project’s privileges is vicinity to Jajarm Alumina Plant in order to easy supply of raw materials for Aluminum ingot production, chairman of the board of IMIDRO declared.
Capacity of the first phase of Jajarm Aluminum project is 40 thousand tonnes which will be reached to 120 thousand tonnes in next phases (second and third phases), he said.
Iranian Industry, Mining and Trade Minister Reza Rahmani said 390 trillion rials (nearly $9.3 billion) is required to finish unfinished projects with over 60 percent physical progress, Shata reported.
Iranian mills have kept billet export offers unchanged this week, however like last week, this week also left the market with no deals. According to SteelMint, this week Iranian billet export assessment stands at USD 380-385/MT FoB, for Aug- Sep’19 shipment, down by USD 5 against last week over softening market sentiments.
Iran’s Industrial Development and Renovation Organization (IDRO) signed a memorandum of understanding with a consortium of seven domestic companies on production of 10 million tons of steel in Persian Gulf Mining and Metal Industries Special Economic Zone (PGSEZ) in the southern province of Hormozgan.
Head of Iran’s National Petrochemical Company (NPC) unveiled a plan for construction of a new petrochemical hub in Mahshahr Petrochemical Special Economic Zone in order to add up to six million tons (mt) of new capacity to the zone.
Me-Metals – The ceremony of the sixth conference on Iranian Mines and Mining Industries Productivity Award was held with the motto “productivity as the foundation of competiveness in the national economy” on 27 Khordad, 1398 (17 June 2019) by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) at the Eram Hotel in Tehran, Iran.
According to the data maintained by SteelMint, Iran's iron ore exports via bulk shipments in second month of current Persian year (May'19) was recorded at 1.91 MnT, up 45% as against 1.31 MnT a month ago. The exports in May'19 have hit highest since Apr'18.