Date: 03 October 2021 , 12:20
News ID: 10425
NEWS SERVICE: MINES and MINERALS
Jafari Announced:

Potential Value of Mineral Reserves up $7b

Potential value of the country’s mineral reserves registered nearly $7 billion rise during the recent years, the chairman of the board of IMIDRO announced.

According to the report of public relations of IMIDRO, IMIDRO has carried out extensive developmental exploration activities during the past years which led to exploration of new zones, issuance of exploration licenses and in some cases received exploration certificate, thereupon mineral reserves increased, Vajihollah Jafari in IMIDRO’s annual general assembly said. The potential value of available reserves of 10 minerals including gold, iron ore, antimony, barite, coal, bauxite, lead, zinc, copper content, brine and rare earth elements are about $39 billion, he added.


Before the recent explorations, if invested, the added value of the discovered minerals was $774 billion, and by taking into account the value of new reserves (nearly$271billion), by converting existing mineral reserves into products, this figure will reach $1,045 billion, the chairman of the board of IMIDRO declared, referring to the added value resulting from the processing of existing mineral reserves.


Due to the number of discovered zones and conducted reconnaissance operations, the value added of processed mineral reserves is projected to reach $1500 billion over the next 20 years, Jafari continued.   

 

Source: IMIDRO

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