BAKU, Azerbaijan, July 18. A total of 30 trillion rials (approximately $51.7 million) were spent on the first unit of the titanium concentrate production plant, commissioned in the Kerman Province in southeastern Iran today, Trend reports via Iran's presidential information portal.
An event was organized today in the Kahnuj County of the Kerman Province to mark the commissioning of the first unit of the titanium concentrate production plant. Iranian President Masoud Pezeshkian attended the event via video format.
The commissioning of the first unit of this plant has provided 1,100 jobs. Most of the country's titanium concentrate needs will be met through this plant, and a large amount of funds will be prevented from leaving the country.
The second and third units of this plant are also planned to be commissioned in the current Iranian year (from March 21, 2025, through March 20, 2026).
The first unit of this plant can produce 130,000 tons of titanium concentrate per year.
The titanium mine in the Kahnuj County in the south of Kerman Province has 150 million tons of proven reserves and 240 million tons of probable reserves.
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