Mahdiabad Lead-Zinc Mine Phase I to Finish by End of 2019 Q1

 

Commodity global prices have grown significantly over the past month, some analysts believe that prices are rising further, while others believe in the price stability of Commodities at current prices.

At the moment, aluminum is traded at $ 2,100, $ 3,102 and $ 66,12 per tonne.

The current price of Kamdomits is reasonable / it only has a chance to grow more

Amin Safari, Managing Director of Mahdi Abad Complex, on the global market for mineral products to stock exchange 7 said that the global price of Commodities (other than oil) after the crisis of 2008-2010 and the drop in prices in those years again with a significant increase Until 2015.

In our country, most of the planning was carried out with the same increase in prices, which increased the size of the company and increased costs, but since 2015, with global prices dropping due to the slowdown in China's economic growth and the decline in demand The drop in the price of commodities, including iron ore, was reduced by Iranian companies due to the infrastructure created and the increased cost of products in those years during the period of decline. The costs of production and non-economicization of some projects, the current prices are reasonable. For mineral and metal products (with the exception of zinc metal), there is little price growth, and I anticipate that prices will stabilize in the current range.

He continued: the seasonal increase in domestic prices, both influenced by the seasonal increase in global prices, and also due to the drop in supply caused by the cessation of production of some mines, has not been sustained. So expecting the return to golden age before 2015 is in vain, and we have to reduce the production conditions, including the cost of the product, so that the industry and the mine can survive, in this context, the use of competitive advantages Including gas, creating facilities and improving the conditions in it can be effective and improve, and it would be better to bring production instead of hardening and rising prices.

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I do not agree with the restrictions on the export of raw materials

Safari said that he would apply restrictions on exports to the stock exchange, saying: I do not agree with the export restrictions. It is impossible to stop the export of mineral products on the pretext of preventing crude. It should be kept in mind that exports will be valued and the financial resources of the activists in this area will be increased. Undoubtedly, if funds are available, producers will be encouraged to set up processing units to produce higher value added products.

Although the construction of supplementary units is time-consuming and dependent on the provision of the necessary infrastructure, but in recent years, positive action has been taken. Of course, the steel industry is more successful than other sectors, and several units will be produced or imported by the steel industry. Continuing with this approach will facilitate achieving or approaching the 20-year perspective.

There should also be measures to reduce the cost. Some large international companies have a higher presence in export markets, with lower prices. Increasing the power of international competition and sustainability in global markets will be conditional on lower costs.

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Stopping zinc production by large mines will have a huge impact on the price of the metal

Safari said in a conversation with Bourse 7: "Roy" is different from other Kamdomites. Global closing prices are rising due to the closure of some large mines and the reduction of LME reserves and increased demand for Zn. Most analysts predict that the price will increase by 2025, and if there is a price drop, it will be temporary or speculative. With this account, investing in this sector will be profitable with long-term vision.

The Anguran mine, with a production of one million tons of zinc, is the most important mine in Iran

The most important zinc mine in Iran is the Anguran mine, whose storage will be completed for another eight years. Due to the fact that the transportation of mineral soils is not economically justified at long distances, production units near the mines are being constructed. In Zanjan Province, about 85 units are being built that use Anguran soil. The annual capacity of the Anguran mine is up to a million tons, providing up to half the needs of these units. Zinc concentrate producers in Iran are facing a shortage of food and the solution to this problem is the exploitation of new mines that will meet part of the domestic demand for feed. The immediatable exploration activities are carried out by IMIDRO and the results are promising.

The first phase of the Mahdiabad lead and zinc compound will be exploited by the end of the year

Safari said in relation to the situation of the mine: Mahdi Abad Mine is currently in need of the units of the region to the zinc soil. Also, the concentrate production plant at Mahdi Abad is at the stage of conducting a study of the choice of technology and supply of water and electricity. According to the plans made by the end of the year 97, the first phase of the plant will be exploited at a capacity of 200 thousand tons per year.

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By 1401 the capacity for copper, nickel, manganese and silver mining is about 800 thousand tons of zinc concentrate with a grade of 35%

Within 4 years, the factory capacity to 800 thousand tons of zinc concentrate will reach 35 percent. In addition, in the Mahdi Abad mine, copper is stored at a rate of more than 150 million tons, with a grade of 0.3%, as a sub-product that exists along with other existing ones, including nickel, silver and manganese. In the new factory, Zinc will be extracted as the main product and copper, nickel, manganese and silver as subproducts. In addition to revenue, this will lead to increased exports and foreign exchange. The decision maker for some of its subsidiary companies will mention that the winning consortium contract is limited to lead and zinc and silver, and for other subsidiary products after being removed by IMIDRO The ownership and exploitation of the Mahdi Abad mine belonging to IMIDRO Estevi in ​​the end about the combination of the shareholders of Mehdi Abad Mine 7 said that the ownership and exploitation of the Mehdi Abad mine belonging to IMIDRO. According to a call made last year, investment, waste management, plant construction, infrastructure, final product production and sales were handed over to a consortium of 6 companies headed by Mobin Company.