532 FIJV Co. establishes 5 iron ore concentrate plants in Australia
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Since NSP Group has decided to extend its activities all around the world as a long-term strategy, FST Co. is assigned to construct & launch iron ore plants in Western Australia based on its core competencies in mining plants constructing and operating.
In order to achieve this goal, FIJV Co. was registered in 2015 and started to study possible iron ore mines and to prepare exploitation plans and concentrate factories construction programs.
It is intended to establish 5 iron ore concentrate processing plants in cooperation with Golgohar Mining & Industrial co, Chadormalu Mining and Industrial Co., and Hormozgan Steel Co. during the next 6 years in 3 phases. These plants will each produce 2.5 million metric tons of concentrates annually, and will export them to all over the world.
Having some of the largest mineral reserves in the world, Australia owns rich iron ore mines especially in the west.
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