Tabas Coal Concentrate Plant, located in South Khorasan Province, was inaugurated on Thursday by Mohammad Baqer Nobakht, the head of Plan and Budget Organization of Iran.
The plant has a production capacity of 500,000 tons per year, ISNA reported.
It is the fifth coal concentrate production unit in Tabas and South Khorasan Province.
A total of 2.8 trillion rials ($15.64 million) were invested in the project by Middle East Mines and Mining Industries Development.
It has created 105 new jobs.
Head of Iran’s Budget and Planning Organization (BPO) announced that two sections of Zahedan-Chabahar railway are going to be completed by the end of the current Iranian calendar year (March 20, 2021).
Annual production of coal in Iran reached 1.585 million tons in the previous Iranian calendar year 1398 (ended on March 19), IRNA reported citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
Iranian Vice-President and Head of the Management and Planning Organization (MPO) Mohammad Baqer Nobakht announced that based on the next year's budget, the country will decrease its oil exports from the current 1.5mln bpd to 1mln bpd.
Eighty-five percent of Iran's tax revenues come from only 3% of taxpayers, according to the head of Majlis Economic Commission, Eliyas Hazrati.
Iranian Vice-President and Head of the Management and Planning Organization (MPO) Mohammad Baqer Nobakht said that a total sum of $2.5 to $2.4 billion is estimated to be earned from the gas price hike in the country, adding that the whole amount is planned to be distributed among 18 million families of lower economic status.
Head of Iran’s Planning and Budget Organization (PBO) said 14.4 quadrillion rials (over $342.85 billion) is going to be allocated for state-run companies in the next year’s budget plan, ILNA reported.