The private sector in Hormozgan built another processing and concentrating unit/ Madkosh pelletizing plant was launched in March 2018.

May Metals – Deputy Minister of Mines and Industries of the Ministry of Industry, Mining and Trade announced the beginning of the implementation of the Teng Zagh Iron Ore Development and Processing Company project and said:

 

 

This project is implemented with an investment of 510 billion rials from the private sector. According to May Metals, Jafar Sarqini added: 120 people will be employed when this project is fully operational. He said: The iron ore concentrate production plan with an annual capacity of 300,000 tons is being implemented near Tenge Zagh mine. The Deputy Minister of Mines and Industries of the Ministry of Industry, Mining and Trade said: The product is the raw material of iron ore pellet production units. Today, the Deputy Minister of Mines and Industries also visited the project being implemented by Madkosh Company. This project produces two million and 500 thousand tons of iron pellets annually as feed for reclamation units (sponge iron production) in the special economic zone, mining and metal industries of the Persian Gulf. Is running. The investment of this project is 480 billion rials and 137 million euros from the private sector. This plan, which has been implemented since April 1992, was launched in June 1998.