Newly-found mineral reserves to reach 1.078b tons by Mar. 20: official
TEHRAN- The annual amount of newly-found mineral reserves in Iran will reach 1.078 billion tons by the end of the current Iranian calendar year (March 20, 2017), IRNA quoted Asadollah Keshavarz, the director general of Mineral Discoveries Office in the Ministry of Industry, Mining and Trade, as saying.
Mehdi Karbasian, the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), announced in last July that 34 mining and mineral industries projects, costing $7.2 billion, would become operational in the country by the end of the current calendar year.
Back in last May, Karbasian said that Iran had offered $40 billion in mining projects to foreign investors.
The value of minerals Iran exported during the first nine months of the current Iranian calendar year (March 20, - December 20, 2016) has witnessed a 50 percent jump, According to Iranian Deputy Industry, Mining and Trade Minister Jafar Sarqeini.
The country has exported some $750 million worth of such products in the mentioned period, the official said.
“Added up by the mining industry’s exports, the total value of exports in this area reaches $5 billion which stands 16 percent higher than the figure for the same period last year,” he added.
MA/MG
source: Tehran Times
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
