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Iran inaugurates new gold-processing plant to boost production

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  • Iran inaugurates new gold-processing plant to boost production

    Iran inaugurates new gold-processing plant to boost production

    November 15, 2014 - 18:24 AMT


    PanARMENIAN.Net - Iran has inaugurated a new gold-processing plant
    that will double the country's annual production to 6 tons, the
    country's state television reported, according to the Associated
    Press.

    The report said First Vice President Ishaq Jahangiri attended the
    inauguration Saturday, Nov 15, of the plant near Takab in northwestern
    Iran.

    It said the new processing facility, built next to Iran's Zarshouran
    gold mine, also will produce an estimated 2.5 tons of silver and 1 ton
    of mercury a year.

    Iran previously produced an estimated 3 tons of gold a year.

    This is part of Iran's "economy of resistance" to counter sanctions
    imposed over Tehran's contested nuclear program. The Islamic Republic
    is currently negotiating a final deal over its atomic program with
    world powers.

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