Iran's mining sector struggles to cope with high costs, changing rules
Iran's production in the mining sector has reduced, the head of Iran's Economy House Saeed Samadi told Trend.
He said that due to changing rules regarding imports and exports, the managers are looking for safer short-term plans, rather than long-term ones.
Speaking of iron ore mines, Samadi said that the officials prioritize dealing with problems of steel manufacturers, and the government seeks for ways to help out in this sector.
"There are some iron ore mines that have been closed and halted production since producers are not able to continue working with high costs," he added.
The official has indicated that Iran exports about 7 percent of iron ore surplus production.
"By launching new steel manufacturing centers, the demands for iron ore will increase in less than one year. However since there is no proper ground to develop steel industry," he said.
Production of iron ore concentrate in Iran during the first 10 months of the current Iranian year (started March 21, 2019) reached 39.341 million tons.
Based on the data of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), 3.4 million tons of granulated iron ore was also produced during this period, which indicates a 39-percent decline? compared to the same time last Iranian year (started March 21,2018).