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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