Over 25mln Tons of Products Exported by Iran’s Mining Sector in 7 Months
A total of 25.55 million tons of minerals and mining industry products worth $6.66 billion were exported in the first seven months of the current Iranian year, the Iranian Mines and Mining Industries Development and Renovation Organization announced.
It added that the figures register a 6% decline in tonnage and a 1% decline in value compared with the similar period in previous year.
Steel manufacturing chain products (iron ore, semi-finished and finished steel) topped the list of exports in terms of value with an aggregate of $3.14 billion, followed by copper and related products worth $848.2 million and aluminum products worth $660 million.
In terms of tonnage, cement and clinker topped the list with 7.48 million tons. The steel category came next with 5.6 million tons and was followed by pellet with 2.22 million tons.
Iran is one of the top 10 mineral-rich countries across the globe by having 81 different types of minerals. In this regard, the Iranian government has been seriously pursuing several programs for promoting the mining sector as a major contributor to the country’s economic growth.
Iran's proven iron ore reserves are 2.7 billion tons, while the country’s copper reserves are 2.6 billion tons. The country also has 11 million tons of zinc reserves.
The total proven reserves of Iran's mines are estimated at about 60 billion tons, which is expected to reach more than 100 billion tons with the implementation of the Industry, Mining, and Trade Ministry’s exploration programs over 500,000 square kilometers of new mineral zones.
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