BAKU, Azerbaijan, Feb. 7
By Elnur Baghishov – Trend:
The value of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and its subsidiaries’ investments will amount to about $2.2 billion by the end of the current Iranian year (March 21, 2021), Trend reports the organization website.
According to the report, the IMIDRO and its subsidiaries have invested $9.4 billion in the mining sector from the current government came to power in Iran (August 2013) to the end of last Iranian year (March 20, 2020).
"Thus, value of the investments in the mining sector will exceed $11.6 billion in total with the investments to be made in the current Iranian year," the report said.
As a result of these investments, the production of steel, aluminum, copper and other products in Iran has increased. Thus, the annual production of iron ore concentrate is reached 57.6 million tons (about 100-percent increase), the iron ore pellets - 47.6 million tons (116-percent increase), sponge iron - 35.3 million tons (about 80-percent increase), raw steel - 37.5 million tons (about-66.6 percent increase), the report said.
According to the report, the annual production of copper concentrate reached 1.15 million tons (about 35-percent increase), copper cathode - 457,000 tons (about 77- percent increase), and aluminum 770,000 tons (about 80-percent increase).