6th International Battery Materials Summit

June 21-22, 2018
Hangzhou, Zhejiang

6th World Manganese & Selenium Forum

May 21-22, 2018
Hainan Sanya, China

9th World Aluminum Raw Materials Summit 2018

May 17-18, 2018
Jinan, Shandong, China

10th International Rare Earth Summit

May 10-11, 2018
Sanya, Hainan

6th World Antimony Forum

April 23-24, 2018
Zhangjiajie, China

6th International Refractories & Abrasives Summit

April 19-20, 2018
Beijing, China

7th World Magnesium Forum

April 11-13, 2018
Sanya, China

11th World Indium & Germanium & Gallium Forum

Mar 22-23, 2018
Sanya, Hainan, China

Iran inks $1 billion deal to develop Mehdiabad zinc mine

2017-03-15 11:31:10  【Print】
BEIJING (Asian Metal) 15 Mar 17 - Iran has inked a $1 billion deal with private investors to develop Mehdiabad, one of the world's largest zinc mines, which is expected to come on stream in the next four years and produce 800,000tpy of zinc concentrate.

The state-owned Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) signed the contract with a consortium of six private companies, led by Iran's Mobin Mining and Construction Company.

According to media reports, Mehdiabad has zinc ore grades of between 2 to 4 percent, meaning 800,000tpy of zinc concentrate would add between 16,000 to 32,000 tonnes of refined zinc to the 13.7 million tonne per year global market.

IMIDRO noted that Mobin was talking to international mining firms in Switzerland and Spain about joint ventures to develop the Mehdiabad mine.

According to IMIDRO, Mehdiabad, a zinc, lead and silver deposit, has 154 million tonnes of proven reserves, and the reserves are expected to reach 700 million once exploration is completed.

The private consortium will run the mine for 25 years, though their contract could be extended.

Additionally, IMIDRO stated that on top of the targeted 800,000 tonnes of zinc concentrate, Mehdiabad is also expected to see an annual output of 80,000 tonnes of lead and silver concentrate.

.Asian Metal Copyright7 million tonne per year global market.Asian Metal Copyright

Zinc Die-casting Alloy

Zamak-3 EXW China

Unit:RMB/mt
China's active zinc powder producers' inventory statistics by province by month
Unit: mt