The effectiveness of a strategy

The comprehensive approaches taken by SMIC to enhance technological competitiveness have positioned it as one of the prominent producers of iron ore concentrate and pellets in the country. The company recognizes technology as a crucial factor for competitiveness and utilizes the latest methods and technologies in both the mineral extraction process and the production of the final product. Understanding that technology-centric companies can enhance efficiency, minimize production costs, and improve overall performance, SMIC has strategically prioritized technology updates. For instance, they have invested in developing technology for processing hematite iron ore, collaborating with knowledge-based companies to achieve industrial-scale feasibility. In addition, the technology campus of SMIC has been launched with an investment of one thousand billion Rials, aims to leverage the capabilities of knowledge-based firms in technology enhancement and localization of equipment and components. Also, the performance of the company’s localization unit in the field of domestic manufacturing, reverse engineering and localization has been associated with foreign exchange savings of 11 million Euros for this company. As a result, SMIC’s acceleration in technological updates positions the Sangan region in Khorasan as a technology-centric industrial and mining hub within the country. The direct impact of scientific and technological progress on economic performance is evident, with access to technology now considered fundamental for business competitiveness. In such a situation, any business or industry that cannot adapt to technological developments will be removed from the competition field. The mining section and mining industries has not been spared from technological developments and every day new technologies are introduced that improve the performance of mining and industrial units in terms of product quantity and quality and performance level. This issue is of great importance in the situation where environmental issues and protection of natural resources have become an important issue for the realization of sustainable development goals. Therefore, updating the technologies of production lines is an integral part of the continuous progress of industrial and economic enterprises. In summary, SMIC’s commitment to embracing new technologies or updating existing ones aligns with its fundamental development strategies, yielding noteworthy results for the country’s mining industry. The continuous improvement of production line technologies remains an inseparable part of the progress of industrial and economic enterprises.

In Sangan Steel Mining Industries Co, the strategy revision process was carried out to improve the performance and competitiveness of this company as a result. Therefore, the access to new technologies has also been considered in the reviews and development plans of this company, so that by using new technologies, Sangan Steel Mining Industries Co can not only provide the basis for the realization of sustainable development goals, but also in the future It becomes a world-class producer of mineral products. The pioneer in the promotion of technology in general, the emergence of new technologies in the mining and mining industries section can act as a double-edged sword; That is, fundamental changes in technologies are both considered as an opportunity for business development and can cause concerns about the sustainability and survival of economic enterprises. Accordingly, Sangan Steel Mining Industries Company of Khorasan pursues the use of new technologies or updating them in its basic development approaches, which has been associated with significant results for this active mining industry in the country. Currently, most of the iron ore extracted from the country’s mines is of magnetite type.

The available technology, the ease of the extraction process and lower production costs can be considered the most important reasons for the extraction of magnetic iron ore reserves. This problem has caused the extraction of hematite reserves to receive less attention and a part of the country’s potential reserves, which are of the hematite type, remain unused. In the near future, this issue can turn the stable supply of iron ore into an important challenge for producers and units producing pellets and concentrates. Sangan Khorasan Steel Mining Industries Company, in line with the sustainable supply of raw materials and use of hematite iron ore reserves, by conducting continuous studies and appropriate investment, has taken steps to build a hematite iron ore concentrate production unit with an annual production capacity of 2 million and 500 thousand tons.

This action is considered a step forward to benefit from low-grade mineral reserves in the country, and it also improves the ability and technology of this company in extracting lower-grade minerals. Paying attention to improving the level of technology in Sangan Khorasan Steel Mining Industries Co has a significant impact on the realization of important approaches in the areas of energy and water consumption, environmental indicators, etc. The issue of sustainable water supply is considered one of the most important inputs for the production of mining and industrial activities in the world, and since the issue of water has been an important challenge for our country in recent years, SMIC has made special arrangements in the field of water. Therefore, in this company, the reduction of water consumption in iron ore concentrate and pellet production factories is seriously pursued and detailed planning is done for the optimal use of available water resources. Tailings contain a significant amount of water, but this water cannot be recovered in relatively older technologies. In this regard, Sangan Steel Mining Industries Co has undertaken a project to install waste water recovery devices using the latest technology. As a result of its implementation, water consumption in the concentrate production lines of this facility has been reduced to 0.4 cubic meters per ton, compared to the existing standards of 0.9 cubic meters per ton. This project, with a €20 million investment, has resulted in an annual water savings of 2.5 million cubic meters due to a 50% reduction in water consumption at the plant. The dry tailings stacking system is one of the important projects at Sangan Steel Mining Industries Co, minimizing the undesirable effects associated with tailings disposal. In the stacking process, there is sulfide ore residue that can oxidize when exposed to water or air. Additionally, since valuable metal reserves exist in the tailings, but their separation is not feasible solely due to low grade, preventing their oxidation is crucial to avoid contamination and loss of mineral material. The implementation of a compacted dry tailings stacking system in this company minimizes sulfide pollution and preserves valuable ore within the tailings.

Sangan Steel Mining Industries Co has implemented the dry tailings stacking system for the first time in Iran and the Middle East. It is one of the few companies globally that possesses this technology. The strategy of continuous improvement, cooperation with knowledge-based companies and localization of equipment and parts are among the strategies that, in addition to creating the necessary situation for the entry of technology-oriented companies in the industry, by focusing on the commercialization of ideas, provides the field for the improvement and promotion of technology for mining companies. Sangan Steel Mining Industries Co, as one of the pioneers in improving the level of technology in the mining industry, strengthens its interactions with knowledge-based companies every day; An issue that provides the basis for the continuous development of technology for this company. Currently, Sangan Steel Company has expanded its cooperation with knowledge-based companies to enrich and process low-grade iron ores and turn them into magnetic reserves, and as mentioned, in this regard, the project of building a concentrate unit with an annual production capacity of 2 million and 500 thousand tons It is in progress. In order to continue and expand its cooperation with knowledge-based centers, maintain production, improve infrastructure and reduce costs, this company has launched Foulad Sangan Mining Technology Campus. The activity of this technology campus is defined in the direction of current knowledge and technology in the mining and metal industries to lead to increased productivity and production of better quality products. So far, 28 knowledge-based companies that offer unique products have been identified. Since the Sangan region is one of the country’s mining hubs, investing and partnering with knowledge-based companies is a great help in empowering the industry in the northeast of the country. Sangan Steel Mining Company of Khorasan has invested about one thousand billion Rials in this regard and welcomes new ideas from natural and legal persons. This issue is related to the localization of parts and equipment. It should be noted that technical familiarity and the ability to make some strategic equipment and parts can improve creativity and innovation in the industry. In general, Sangan Khorasan Steel Mining Industries Company always takes steps in a direction to make significant improvement and progress in the country’s mining industries. The updating of strategies in this company has provided the field of agility and upgrading the level of knowledge and technology in this complex, so that Sangan region becomes one of the industrial and mining technology-oriented hubs in the country.