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Ina report released on Wednesday, the National Iranian Copper Industries Company (NICICO) announced that huge copper deposits had been discovered in Sungun mine in northwest Iran after a series of \u201cshining exploration activities\u201d in the area.<\/p>\n
It said a certificate had been issued on December 28 by Iran\u2019s Ministry of of Industry, Mine and Trade, stating that Sungun\u2019s copper reserves reached 2.49 billion metric tons (mt), including 1.15 billion mt of proven reserves, with an average purity of 0.53% and a molybdenum content of 125 grams per ton, according to Press TV.\u00a0<\/p>\n
Based on previous estimates, Iran\u2019s largest copper mine in Sarcheshmeh, located in southeast of the country, had a deposit of 1.2 billion mt of copper ore with a purity of 0.7%, making it one of the largest mines in the world.<\/p>\n
NICICO and Ministry of Industry, Mine and Trade’s local branch in East Azerbaijan province, where Sungun is located, have yet to announce plans to\u00a0develop and extract the mine\u2019s new resources.<\/p>\n
Since coming under US sanctions in 2018, Iran has increased its investment in mining and metals projects amid efforts to diversify the economy away from crude oil revenues and to create more jobs for the country\u2019s youth.<\/p>\n
That comes as government figures published in recent years have pointed to a steady rise in the exports of metals and minerals from Iran.<\/p>\n
MNA<\/p>\n<\/p><\/div>\n
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