Iran's gold production capacity can be increased to at least 600 tons at the expense of investment of private sector, an official of Iran Minerals Production and Supply Company (IMPASCO) Mohammad Reza Karimi said, Trend reports citing the company’s website.
"On average, 350 million tons of mines containing gold have so far been discovered in the country. It is possible to obtain 2 grams of gold from each ton," Karimi said.
The official also added that it is more profitable to sell gold processed than to sell it raw. Therefore, there is a need to build related factories in the country.
According to him, gold mines were discovered in Iran’s East Azerbaijan, West Azerbaijan, Kurdistan, Markazi, Isfahan, Sistan and Baluchestan and South Khorasan provinces.
Karimi noted that it is possible to increase the country’s gold production with the programs of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and the IMPASCO, as well as with the participation of investors in this field.
"At present, exploration operations are nearing completion at the Khunik gold mine in South Khorasan Province. A factory capable of producing 200 kg of gold ingots will be built by the Sadid Industrial Group for the purpose of processing the gold produced from this mine," he also pointed out.