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India’s KIOCL plans Iran iron ore import

3 August 2015 9:43

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India’s state-owned KIOCL will import one million metric tons of iron ore from Gol Gohar Mining Company of Iran, media reports say.

The first shipment is expected next month by the Mangalore-based company which will make pellets and export them to Iran.

“We are in the final stages of talks with Gol Gohar Mining Company of Iran for a tie-up to import about 1 MT of iron ore,” PTI quoted KIOCL Chairman and Managing Director Malay Chatterjee as saying.

“It is expected to be formalized in a month, post which the first shipment can take another week to reach Mangalore port,” he added.

Gol Gohar will supply iron ore from its mine in the Kerman province. According to PTI, KIOCL expects to sell up to 2 million metric tons of iron ore pellets to Iran.

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