TEHRAN, Iran, Jan.3
Trend:
The value of mine and mineral industry products in Iran has reaches $22 billion in the current Iranian year (began March 21,2019), which indicates this sector's high capacity, and the figure is expected to increase, said the Minister of Industry, Mine and Trade of Iran Reza Rahmani, Trend reports via IRNA.
"Priorities for the ministry are domestic production, exports, creating more jobs," he said.
The minister said that a total of 72 projects are envisaged in the mining sector, one of which is related to Geological Survey and Mineral Explorations of Iran (GSI).
The minister also reminded that Iran is working to revive the small-scale mines.
"Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) is investing in mine exploration, currently there are 11 companies besides IMIDRO that are active in a consortium in the field of exploration," he said.
"About 3 million units are active in mine sector , small part of it belong to the public sector and the rest is private sector," he added.
"The stock market is interested in investing in the mining sector. Foreign investors are interested in the mining sector too."
"It has been forecasted that Iran will explore some 600 million tons of minerals by 2020," Rahmani said.