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Iran eyes to increase value of its mineral, mine industry products

Business Materials 2 October 2019 12:49 (UTC +04:00)
Iran eyes to increase value of its mineral, mine industry products

Tehran, Iran, Oct.2

Trend:

Iran plans to increase the value of its mineral and mine industry products up to $21 billion in the current Iranian year (started March 21,2019) , said the Minister of Industry, Mine and Trade Reza Rahmani.

"The value of mineral and mine industries products last Iranian year (started March 21,2018) was $20 billion. Based on our plans, we expect to surpass $21 billion", said Rahmani, Trend reports citing ILNA.

"Considering the statistics of the first six months of the current Iranian year (started March 21,2019) it is possible to achieve this," he said.

"The major part of Iran's foreign currency needs was supplied by petrochemical, steel and copper last Iranian year (started March 21,2018), therefore these fields can be profitable alternatives," he added.

The official also said that activating small mines is on the agenda of the government, since the recent statistics say the investment demands in the industry, mine and trade sectors have increased.

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