Chador­malu Min­ing & In­dus­trial Co. to De­velop Two Projects, Cost­ing Rls.10,000b

Tehran Times - - SCIENCE -

Chador­malu Min­ing & In­dus­trial Com­pany will in­vest 10,000 bil­lion ri­als worth of cap­i­tal for launch­ing two de­vel­op­ment projects.

Eng. Mah­moud Mes­rine­jad CEO of Chador­malu Min­ing and In­dus­trial Com­pany an­nounced the above state­ment and said: “Project for the con­struc­tion of new pel­letiz­ing fac­tory with the pro­duc­tion ca­pac­ity of four mil­lion tons was put atop agenda per an­num.”

Over 7,177 bil­lion ri­als worth of cap­i­tal was in­vested for launch­ing this gi­ant project, he said, adding: “This gi­ant project will be­come op­er­a­tional dur­ing four years.”

He also pointed to the con­struc­tion of two 550,000-ton rolling mill (to­tally 1,100,000 tons) as the other pro­grams of the com­pany and added: “Fea­si­bil­ity stud­ies are un­der­way for the con­struc­tion of this steel man­u­fac­tur­ing unit, cost­ing 2,646 bil­lion ri­als, so that in­ter­nal re­sources of the com­pany and also other re­sources will be en­vi­sioned for launch­ing this project.”

Ac­cord­ing to the sched­uled pro­gram, this plant will be put into op­er­a­tion in the next three years, he main­tained.

Else­where in his re­marks, ARDAKAN In­dus­trial Com­plex Man­ager re­vealed the 83% phys­i­cal progress of Di­rect Re­duc­tion Iron (DRI) Fac­tory in the vicin­ity of Steel In­got Pro­duc­tion Fac­tory and said: “As one of the largest na­tional projects with the unique struc­ture, con­struc­tion op­er­a­tion of Di­rect Re­duc­tion Iron (DRI) in Chador­malu was launched at the un­spar­ing and un­flinch­ing ef­forts of in­dus­tri­ous en­gi­neers.”

Turn­ing to the ac­tiv­ity of Chador­malu Steel In­got Man­u­fac­tur­ing Plant, he said: “For­tu­nately, in­got pro­duc­tion in this steel pro­duc­tion com­plex is on the verge of growth and it is hoped that pro­duc­tion vol­ume of steel will be in­creased be­fore ter­mi­na­tion of the cur­rent year (to end March 20, 2018).”

In the end, Eng. Mah­moud Mes­rine­jad CEO of Chador­malu Min­ing and In­dus­trial Com­pany re­it­er­ated: “In­got pro­duc­tion is still un­der­way in three work­ing shifts, so that nec­es­sary train­ing ser­vices is of­fered to the na­tive youth of this prov­ince both prac­ti­cally and the­o­ret­i­cally.”

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