Damage of 50 million dollars due to power cut in Chadormello
According to Tejarat News, the press conference of Nasser Taghizadeh, the CEO of Chadormelo, was held yesterday.
Taghizadeh said about iron ore reserves: “We do not have any shortage of iron ore reserves, and with the plans we have, we are not worried about the supply of raw materials for Chadormelo for more than 20 years.” d19 mine will be one of the most suitable alternatives for supplying stable raw materials for steel units of Chadormello Mining and Industrial Company. The waste removal operation of this project is running quickly.
He continued: “We will soon be the bearer of good news regarding the acquisition of new sources of iron ore by Chadormello Mining and Industrial Company.”
Taghizadeh said about the company’s reserves: it will be enough for 25 years according to the discoveries we made. We bought 8 devices for great depth. There are 140 to 150 tons of iron ore in d19 (Ariz mine), 50% of which belongs to us and 50% to central iron ore. Of course, central iron ore is less needed and we will pay for it and use it.
Electricity limitation in Chadarmello
The CEO of Chadormello stated: Last year due to electricity restrictions, we had a reduction of 150,000 tons of ingot production, which resulted in a loss of 50 million dollars for Chadormello.
He continued: Last year, we only had a 4-5% decrease in production of sponge iron, and in other cases it was according to plan. Of course, we had to increase production, but unfortunately, the electricity and gas outages did not allow this. For example, we could have produced 140 to 150 tons of ingots, but we could not.
Taghizadeh said: 10 projects out of 48 projects of Pishran Ekotham are carried out by Chadormello, all of which are being carried out quickly.
He stated: Our priority is to sell iron ore, pellets and other products of this company through the commodity exchange, but this sale should be done in a transparent system without mandatory pricing.
Taghizadeh explained: the budget for exploration has no ceiling and we will explore as much as the government gives us. The only place where we shouldn’t consider a ceiling is exploration. If you discover a mine no matter how much you spend, your expenses will be compensated.