Asia Zarin Madan Company (AZMC) plans to invest IRR20 trillion ($149mn) to build a new lead and zinc production facility in southern Iran’s Kerman province, according to company’s top official quoted by Iranian daily Financial Tribune.

 

Ebrahim Jamili, Chief Executive Officer of AZMC said the proposed unit will be constructed in three phases and have a total annual capacity of 300,000mt. In the initial phase, the facility will have 50,000mt capacity, in the second phase the unit will have an additional 100,000mt capacity and in the final phase, 150,000mt capacity will be added. Construction of the project will be completed in 18 months.

 

AZMC is Iran’s major producer of lead and zinc concentrate. The company has integrated mining, processing and smelting facilities which produce lead and zinc ingots. AZMC’s nominal capacity for zinc oxide concentrate is 265,000mt (Grade – 25-40pc) and 36,000mt for lead concentrate (Grade -56-60pc). The company exports to several countries including China, South Korea, India, Turkey and UAE.

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