Iron Ore Factory to be set up in Kerman Prov
The contract on setting up an iron ore factory in the city of Zarand, southeastern Kerman Province was signed on Saturday.
Iran Minerals Producer & Supply Co and Namavaran Co. signed the contract on building Jalalabad Iron Ore Factory that is to produce 3 million tons concentrates.
At the contract-signing ceremony, Firuz Ardeshirian, the managing director of Namavaran Co. — the project commissioner — explained that investment worth 173 million euros is required for implementing this project.
Some 85 percent of the project’s cost will be provided via financing by the Spain-based European banks, and the rest will be supplied out of the governmental resources, he further explained.
The project is to be carried out within 42 months, he added.