The general director of Iran Alumina Company informed from the %65 progress in the project of manufacturing an industrial unit of aluminum ingots and said : “ In case of supporting the needed financial resources , This project will be operated in the first half of next year” . Toraj Zaare also explain about the latest condition of aluminum-making project in his interview with Minews, and said: “ when we take over this project in 1394 , it niether had any contractors nor consulters and its financial and technical situation was remained in suspension” .
He added : “ last year we engaged consulters in the project, and we put it to tender to choose a contractor and we almost began the executed activities from the end of the last year . we try to use domestic human resources as much as possible to execute and perform the project . So we assign some part of the contract activities to the domestic companies . Nasir Omran Company has undertaken most of the civil tasks as the largest domestic company in this project” . He also referred to 70 mega watt of needed electricity demand in order to set up the first phase of the aluminum-making project in Iran Alumina Co. and said : “Our main and major contractor in this project was NFC Co. , a Chinese company who has supported the required and necessary equipment which is cost 32 million Euro , and all of them were installed last year” .
He said : “ When I entered in Iran Alumina Company , the physical progress was %45 , but at present time it has reached to %65 and in case of supplying the financial resources , we can bring the project into operation till the first half of the next year . Meanwhile the general director of Iran Alumina Co. referred to the importance of supporting the required financial resources , he also implied : “ The aluminum-making project in Iran Alumina Co. was executed at its first phase with the aim of producing 40,000 tons of aluminum ingots and it requires to have a general investment of 5000 billion Rials ( $150 million) . The half of this amount has been supported at the present time , but we need the rest of it , also . In this regard , the board of directors of bank Mellat approved to allocate a credit of 60 million Euro loan to Iran Alumina Co. , but because this company has been settled in the list of those companies which are about to turn over to the others , so it can’t be possible legally to receive the loan” . He added: “ At the present time , we are negotiating with NFC co. in order to either use its financial resources to execute the project , or we can make benefit of IMIDRO resources , too . Generally, we didn’t permit this project to be stopped because of lack of financial resources . There are other ways of supporting financial resources for the project such as buy-back which all of them are under consideration. We hope to sign an agreement with NFC in this field , as soon as possible .
He continued his interview by referring to interaction between Iran Alumina Co. and Iralco & Al Mahdi companies , and said : “ Fortunately the current demands of Iran Alumina payments from Iralco has been done regularly and continuously , and some part of its annual demands are being refund monthly. Al Mahdi & Hormozal companies promise to refund our annual demands, too. Totally there is a desirable interaction between these 3 companies .
He implied that although Iran Alumina Co. has its own customer for exporting aluminum , but it’s better to sell its products in domestic markets .He said : “ Domestic sales is profitable for us from the viewpoint of its price , and the supply of the domestic market on the other hand . In spite of that , we have also foreign customer like Tajikistan . No doubt if we get into trouble with domestic market , we will intend to export our product”.
General director of Iran Alumina Co. explained about the exploration of bauxite in the Jajerm zone and in other places of the country and said : “ Since I entered Jajerm complex , one of our challenges was providing the bauxite . Last years the operation of digging was 200m in every month , which has reached to 2000m monthly , about 10 times more than before . We have done a lot in the field of complete mines explorations and we hope that the result of our explorations will be defined until the end of the year. It should be said that our country has a lack of bauxite resources . But we hope that we can explore a suitable resource for supplying Iran Alumina Co. within the next 30 years.”
Zaare also refer to the future condition of Alumina market in domestic and foreign markets and added : “According to the statistics & information , demand will be prior to supply in the worldwide market of Alumina. Therefore we forecast a bright horizon in the Alumina market . For example a foreign customer like Tajikistan need Alumina but it doesn’t have it , so it can be a good market for us . All the aluminum-makers in the Persian Gulf area don’t have Alumina ,too . We are the only manufacturer of Alumina in domestic market and at the present, we supply 1/3 of the required Alumina in Iran and we do our best to add the rest of it to our producing capacity, so we will have a good market for it” .