“Tajli” company, with the increase of the capital it already had, is advancing its projects with strength; Of course, this company is planning to make another capital increase by the end of the year.
According to Me-Metals, “Morteza Ali Akbari”, the CEO of “Tajali Development of Mines and Metals” company, in an exclusive conversation with “Me-Metals”.
Emphasizing the fact that we usually prepare information about Tajali once a month and provide it to the media to inform actual and potential shareholders, he said:
God willing, with a timely liquidity supply, 1403 will be a memorable year for Tajali.
Sarmad Wire Rod Waiting For Mass Production
Ali Akbari continued: Two or three of Tajali projects will be launched soon, the first of which is Sarmad Wire Rod and the trial production stage has been completed, and we are waiting for foreign experts for its mass production so that we can have the promised guarantee by launching it.
He further noted that due to the conditions of the country and the martyrdom of our honorable president and his delegation, some foreign affairs have been postponed.
In any case, we are following up on matters and we hope that these measures will be taken before the annual general meeting, which will be held on Khordad 27th, of 1403 (Iranian year), in Tehran.
Tajali Projects in Progress
The CEO of Tajali Company added: Two other projects are underway, if we can get good cash infusions from the main shareholders, namely “Tajali”, “Chadormalo” and “Golghar”, by the end of the year, we will witness the trial production of 600,000 tons of steel production and the direct recovery of one million tons.
Although it is a difficult task, but according to the schedule, the production forecast is planned until the first half of next year, but with the proper injection of liquidity, we can see trial production for them by the end of the year.
Advancing Rare Earth Elements With Young Iranian Scientists
Furthermore, referring to the investment of Tajali in rare earth materials, he clarified: that in the field of rare earth materials, a pilot or semi-industrial test and its trial production will be carried out at the end of Khordad (Iranian 3rd month).
We hope to see its oxide production in the coming months. Although it is a difficult and complicated task and the knowledge of it is owned only by a few countries, but this plan is important in the Middle East and among important countries.
Although such work is associated with risk, we have accepted this risk and so far it has been accompanied by good progress, we hope to be able to do it in the first 6 months of this year in the field of oxides with the presence of young scientists of the country, who are considered among the country’s capitals and bring it to the production stage.
We hope that in the near future, with the presence of major shareholders, we will be able to have its trial operation and production with the presence of journalists and members of the media.
A Positive View of Himko
In response to the question, what is your view on the “Himco” project in the construction of a wharf and in the field of rail transportation? He said: Hamiko is of special importance for this company due to the high need of its two major shareholders to export, discharge and load.
Hamiko prepares a specific place for export so that its investors do not have to worry about the freezing of their capital due to the unloading and loading. Himco company needs to increase capital in the second stage.
Capital Increase of Setareh Simin Hormuz
The CEO of Tajali also said about “Setareh Simin Hormuz”: Star of Simin Hormuz had a capital increase in which we participated and the project is progressing properly.
We hope that this project will be operated in 1404 (Iranian Year). More than 50% of it belongs to Mobarake Steel and a part belongs to Gol-Gohar, which was financed on time. We hope that in the next stages they will be able to complete the financing on time so that this project will be put into operation in the beginning of 1404 (Iranian Year).
Import of Mining Machinery
Ali Akbari also stated in the field of mining of this company: “Madan Kar Bakhtar”, one of Tejali’s affiliated companies, needed a number of 100-ton-trucks in the first phase, and these machines reached the customs and were cleared from there and operating in Janja mine.
Investing In Mines Abroad
The CEO of Tejali Company said: Since the start of the work in Tajali Company, one of the strategies of this company was to invest abroad, that is, the goal is to create production and currency of foreign resources for Tajali.
This matter is also supported by the Investment Company for the Development of Mines and Metals (Va-Ma’aden). In Kazakhstan, we have received reports and we are studying them, if these studies are completed in this field as well, we will definitely make it public.
Undoubtedly, foreign investment that brings foreign currency income to the company is one of our strategies.
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