Iran will achieve self-sufficiency in the production of iron ore pellet once the second pelletizing plant of Golgohar Mining and Industrial Company in Kerman Province becomes operational.
Announcing this, the company's Managing Director Nasser Taqizadeh said that First Vice President Es'haq Jahangiri will attend the inaugural ceremony of the plant in the near future.
An investment to the tune of $283 million has been made on the project, which, he noted, has provided 500 direct job opportunities as well as 2,000 indirect job opportunities.
Taqizadeh put the annual production capacity of the plant at five million tons adding that the figure will reach seven million tons in the near future.
Iran's current production capacity is currently 24 million tons per year whereas the demand for iron ore pellets stands at 30 million tons, said the official adding that the second pelletizing plant of Golgohar Mining and Industrial Company will meet the requirements of the domestic steel industry.
On November 28, Jahangiri inaugurated the first direct reduction unit of Sefid Dasht Steel Complex in Chaharmahal-Bakhtiari Province.
Speaking at the inauguration ceremony, Jahangiri said new steel projects in the province will be beneficial for Iran's auto industry.
