Four Mining Achievements of Kharazmi Group in 2016-2017

2017/08/12

 Shadan gold mines have been granted the discovery certificate for  5.6  Metric tons of gold, however new drillings attest to the availability of more than twice; therefore Sadr Jahan Mines Development Company intends to present new evidence and documents to the Ministry of Industry, Mine and Trade in the near future.

Sadr Jahan Mines Development Company (private limited) is one of the companies affiliated to Kharazmi Investment Company (public joint stock).

According to the Public Relations Office of Sadr Jahan Mines Development Company, an initial seven thousand meters of mine drillings in South Shadan Mine, located around the city of Birjand, led to the issuance of the certificate for the discovery of 15.6 tons of pure gold by the Ministry of Industry, Mine and Trade. But, with the enhancement of drillings to 15 thousand square meters in 1395 (2016-2017), new evidence was obtained on the existence of at least double the amount of pure gold and a request for the issuance of a certificate for new explorations will be submitted to the Ministry of Industry, Mine and Trade. At the same time, domestic and foreign experts who have visited the mine and examined its soil, have estimated its reserve to be much more than the mentioned figures.

Currently, the stages for the design and construction of units for the processing of gold and copper minerals for the annual production of two million tons of minerals as well as preliminaries for holding bidding for the construction of the factory, are underway.

 

Three Other Achievements in 1395 (2016-2017)

Positive developments in Sadr Jahan Mines Development Company in the Persian year 1395 (2016-2017) are not confined to the Shadan Mine. Reforming the financial structure of the company, use of excess capacity of other mineral factories in Zanjan Province, and also selling minerals as bi-products worthing 85 billion IRR are among other achievements of Sadr Jahan Mines Development Company. These are the attainments that have led to the profitability and effectiveness of Sadr Jahan Mines Development Company after two years of investment for the study, drilling, soil examination, etc.

Sadr Jahan Mines Development Company in 1395 (2016-2017) managed to compensate for the accumulated loss of the company and reach profitability.

Use of the excess capacity of active mining factories in the country is considered to be another achievement of Sadr Jahan Mines Development Company in 1395. Mining activities are in need of spending a long time and in a variety of stages such as exploration, geophysical studies, etc., expertise of numerous experts and elites are used. Moreover, production of minerals is in need of designing a factory to convert the minerals to copper concentrate, copper and gold concentrate and in other words, gold bullion. Sadr Jahan Company with an aim of reducing its costs and preventing spending staggering sums for the purchase of machinery and designing the related factory in “Rashidabad” Mine, used the capacity of mineral factories of the province with an aim of turning minerals to concentrates. In line with this policy, in the past year it managed to sell 17 thousand tons of gold-copper ore worth 85 billion IRR.

Rashidabad gold-copper mine is located 50 km northwest of the city of Zanjan and on the basis of the studies conducted it possesses 7.1 tons of gold and 22 thousand tons of copper reserves.

 

Seven Planets of the Mineral System

The mineral system belonging to Sadr Jahan Mines Development Company is not confined to Shadan and Rashidabad mines. Hinduabad gold-copper mine, Vargahan, Qazi Vali and Qapaq Tappeh gold mine zones, and Ferroalloy projects are the other five stars of this system.

Hinduabad gold-copper mine is located in Ardestan in Isfahan province and according to the estimates conducted so far possesses 5.2 tons of gold and 11 thousand tons of copper reserves. In 1395 (2016-2017), the testing for processing was conducted in the mine. Repair works are also under way for the access road. In 1396 (2017-2018), completion of exploration studies would be followed up. Meanwhile, in order to implement establishment of a pilot unit for the processing of the materials, production and revenue generation in the short-term, planning has been made for this mineral zone.

Exploration permit for Vargahan mineral zone was issued in 1394 (2015-2016) and put at the disposal of Sadr Jahan Mines Development Company. In the bidding for the transfer of ownership of the two mineral zones of Qazi Vali and Qapaq Tappeh which was held in 1394 (2015-2016), Jahan Sadr Mines Development Company was the winner. The exploration license for the two mineral zones of Qazi Vali and Qapaq Tappeh was received in the month of Khordad (May/June) this year.