Monday, May 21, 2012

Iran to Become World's 7th Copper Producer

A senior Iranian official says the country is set to improve its global ranking in the copper production industry to the world’s 7th in the current Iranian year (started March 20).

“This year, with the expansion of exploration activities, re-opening of mines and the outlook for discovering 21 million tons of pure copper reserves in the country, Iran's copper industry will improve by two notches to stand as the world’s number 7 in the field,” said Ali Akbar Mehrabian, a special assistant to the Iranian President Mahmoud Ahmadinejad, on Saturday.

Iran's last standing was the world’s 9th with 18 million tons of pure copper, Mehrabian added.
The Iranian official praised Iran's position in the field of extraction of copper minerals and production of cathode copper and called for the rapid exploitation of the industry’s full potentials.

Iran is among the world’s 10 leading mineral-rich countries and exports its industrial and mineral products to 159 nations, including Iraq, China, the United Arab Emirates, India and Afghanistan.

The Islamic Republic holds 68 types of minerals, including chrome, lead, zinc, copper, coal, gold, tin and iron. It has 37 billion tons of proven reserves and more than 57 billion tons of potential reserves of minerals.