Over $2.6b of mining projects operational by March 2019

September 15, 2018

TEHRAN – Some 110 trillion rials (nearly $2.6 billion) worth of mining projects are scheduled to be inaugurated by the end of the current Iranian calendar year (March 20, 2019).

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has already completed $2.2 billion worth of mining projects during the previous Iranian calendar year (March 2017-March 2018), IRIB reported.

Last month, the Ministry of Industry, Mining and Trade announced that projects in the field of mining and related industries worth $5.5 billion are planned to become operational by March 2019.

Iran is one of the top 10 mineral-rich countries where 68 types of minerals have been identified so far, including the world’s largest deposits of copper, zinc and iron ore, which are tempting international investors.

The value of Iran’s minerals and mining exports stood at $9 billion in the previous Iranian calendar year, according to Mehdi Karbasian, the head of IMIDRO.

EF/MG

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