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Iran NICICO sales surpass USD 777 million in 6 months-2018 China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
10/11/2017 Copper exhibition -non-ferrous metals expo |
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Iran¡¯s largest copper producer realized 44% of its annual sales value target during the first half of the current fiscal year (March 21-Sept. 22), data released by National Iranian Copper Industries Company showed.
NICICO sold a total of 654,397 tonnes of copper concentrate, cathode, wire, billet, slab and molybdenum, gold and silver concentrate as well as sulfur ore during the period.
The total value of sales reached 30.32 trillion rials (USD 777.4 million), with copper cathode earning the lion¡¯s share of 13.76 trillion rials (USD 353 million), followed by copper concentrate with 9.55 trillion rials (USD 245.1 million), wire, billet and slab with 3.49 trillion rials (USD 89.57 million), ¡°other products¡± with 1.49 trillion rials (USD 38.3 million), gold and silver concentrates with 1.1 trillion rials (USD 28.42 million), molybdenum concentrate with 785.32 billion rials (USD 20.1 million) and sulfur ore with 106.43 billion rials (USD 2.72 million).
Data released on Codal.ir show that the copper holding produced 25.88 million tonnes of products during the six-month period, with mined sulfur ore accounting for 25.18 million tonnes.
NICICO¡¯s sales during the sixth month of the year (Shahrivar) reached a total of 38,154 tonnes valued at 4.57 trillion rials (USD 117.31 million), comprising 7% of the company¡¯s annual sales forecast.
Production in Shahrivar reached 5.09 million tonnes. Sulfur ore, again, made up 4.96 million tonnes of the figure though it had no impact on sales.
NICICO is the leading copper producer in the Middle East and North Africa region, as the mines it operates hold close to 14% of Asia¡¯s copper deposits and about 3% of global reserves.
Iran possesses about 4 billion tonnes of estimated copper reserves, Geological Survey of Iran announced.
The company is currently listed on Tehran Stock Exchange with a market capitalization of USD 2.59 billion.
NICICO operates the world¡¯s second largest and the Middle East¡¯s largest open-pit copper mine, Sarcheshmeh. The mine holds over 826 million tons of proven and 1.2 billion tons of estimated copper reserves, alongside substantial amounts of minerals such as molybdenum, gold and rare metals.
-2018 China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
-Non-Ferrous Metal exhibition, 2018
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