VOL. XL

No.24

16-June-1997

IRAN

Iran Inaugurates First Phase Of Al-Mahdi Aluminium Smelter

President Hashemi Rafsanjani of Iran on 9 June inaugurated the firstphase of the al-Mahdi aluminium smelter near the Gulf port of Bandar Abbas. The smelter,which was built at a cost of $300mn in foreign exchange and IR700bn ($400mn) in localcurrency, will have a production capacity of 110,000 tons/year under the first phase,rising to 220,000 t/y at a later stage. The smelter project was originally...