‘Worth of Iran’s minerals, mining industry output to reach $21b’

Iranian Industry, Mining and Trade Minister Reza Rahmani said the value of the country’s minerals and mining industry products is expected to reach $21 billion in the current Iranian calendar year (ends on March 19, 2020), ILNA reported.

According to the official, the value of the mentioned commodities stood at $20 billion in the past calendar year (ended on March 20, 2019) and considering the data for the current year’s first half, the $21-billion goal is quite reachable.

Rahmani noted that Iran’s mining industry has witnessed great developments in recent years, adding that “Currently, the country’s capacities and production chains in the steel and copper sectors are in balance.”

“In the past few years, Iran was exporting 23 million tons of iron ore every year, however, the figure fell to eight million tons in the past year. This is an indication of a decline in selling raw minerals and an increase in production of commodities with higher value-added and more domestic consumption,” he said.

According to the official, the capacity of the country's mines is large enough that it can be considered a serious alternative for replacing oil revenues in the future.

Last week, Rahmani put the country’s minerals extracted in the past Iranian calendar year at 500 million tons.

Speaking in a conference on Iran’s mining exploration development, opportunities and challenges in Tehran, he noted that his ministry has implemented several programs for promoting domestic production and increasing exports in the current Iranian calendar year.

News No: 6486
Date: 2019/10/02 - 22:33
News Source: Tehran Times

mining industry  minerals extract  Reza Rahmani 


Leave a Comment:


African lender eyes unloved neighborhoods in mining drive

African Finance Corp. will invest in countries disregarded by other companies as part of a plan to double its exposure to the mining industry, the firm’s head of investments said.

Minster Hails Iran’s Countering of Enemies’ Cruel Economic War

Iran’s Minister of Industry, Mine and Trade Reza Rahmani highlighted the country’s progress in various industrial and economic areas and said the Islamic Republic has managed to safely come through the era of cruel sanctions imposed by the enemies.

Iran Records 18% Industrial, Mining Growth in H1

Iran's industrial and mining sector experienced 18% growth in the first six months of the current Iranian year (started March 21) compared with the preceding year's corresponding period, says Industries, Mining and Trade Minister Reza Rahmani.

Minister: US Attempts to Isolate Iran Futile

Iranian Minister of Industry, Mine and Trade Reza Rahmani stressed that Washington's attempts to isolate the country have all proved useless, referring to Iran's temporary membership in the Eurasian Union.

Industrial projects inaugurated in 3 provinces

In a two-day visit to the provinces of Qazvin, Gilan and Alborz during October 2-3, Iranian Minister of Industry, Mining and Trade Reza Rahmani visited and inaugurated 13 industrial projects in these provinces.

Iran plans to reduce imports by $10b in 2 years

Iran’s Ministry of Industry, Mining and Trade plans to reduce the country’s imports by $10 billion by the Iranian calendar year 1400 (March 2021-March 2022), IRNA reported on Saturday, quoting the industry minister as saying.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners