Iran-based Chadormalu Mining and Industrial Company has three major development projects at hand for the year to mid-March 2018, according to a senior company official.

The company will begin exploration operations in the iron ore-rich D19 geological layer and it is also setting up a pelletizing unit in addition to launching a rolling plant, Mahmoud Nourian, managing director, was quoted as saying in an Iran Daily News report.

The official put the proven reserves of D19 anomaly deposit at 79 million tonnes to 100 million tonnes of iron ore which will provide feedstock to Chadormalu Mining and Industrial Company and Iran Central Iron Ore Company.

Nourian noted that $189 million will be invested in the 4-million-tonne pelletizing plant adding that the rolling plant will produce 1.2 million tonnes of rolled steel.