IMIDRO: Over 728,000 tons of concentrated copper produced in 11 months

The figure showed a one percent growth compared to the same period last year.

According to IMIDRO website on Sunday, over the past 11 months more than 211.6 tons of anode and over 176.7 tons of cathode were produced by two Sarcheshmeh and Midouk copper companies, registering increases of 2 and 3 percent growth respectively in comparison to the corresponding period last year.

Extracted materials from copper mines of Sarcheshmeh, Soungon and Midouk in the past 11 months stood at 149, 379 and 133 tons, which in comparison to the same period the previous year showed a 19 percent growth.

Also in the past 11 months, 40,105 tons of slabs, blooms and billets as well as 5,380 tones of concentrated molybdenum and 498 tons of gold and silver sludge were produced by Sarcheshmeh copper company and 617 tons of molybdenum produced by Soungon Copper Company.

According to reports, five percent of the world's copper reserves are located in Iran with Sarcheshmeh copper mine holding an estimated reseve of 2,100 million tons.

It is to be noted that by executing the second phases of development plan at Soungon mine (East Azarbaijan province) and Sarcheshmeh mine in Kerman province production of concentrated copper would increase by 300,000 tons.