Inauguration of a gold plant in the northwest is expected to double Iran’s annual production of the precious metal.
Iran has inaugurated the Middle East’s biggest gold-processing plant that will double the country’s annual production of gold bullion in the near future.
The Zarshouran plant, located in West Azerbaijan Province in northwest of the country, was inaugurated by First Vice President Eshaq Jahangiri on Saturday.
With the completion of the first phase of the plant, Iran is expected to produce an estimated three tons of pure gold, 1.25 tons of silver and 500 kilograms of mercury in the future.
After undergoing development, the plant will bring the country’s annual production of pure gold to six tons. The new processing facility will also produce an estimated 2.5 tons of silver and 1.5 tons of mercury per year in the near future.
The plant is fed by a nearby gold mine, situated some 35 kilometers from the city of Takab and is estimated to hold over 100 tons of gold.