Iran's operational mines worth over $770 billion
Azerbaijan, Baku, Feb. 14/ Trend F.Milad/
Mines being operated in Iran are valued at more than $770 billion, IRNA news agency quoted a member of the board of directors of the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO), Vajihollah Jafari, as saying.
Explorations during the first half of the current Iranian calendar year indicate that the country's proven and probable mineral reserves have been increased by 1.65 billion tons and 1.4 billion tons, respectively, ISNA news agency reported.
Deputy Head of Iran's Geology and Mineral Exploration Organisation Behrouz Borna has said that the country ranks first in the Middle East for possessing the region's largest mineral reserves.
"Iran holds three per cent of the world's mineral reserves which puts the country first in the Middle East and third in Asia," Mr Borna added, Press TV reported.
The official also said that the country holds about 68 kinds of minerals. He added that 20 other types of minerals have been identified through recent exploration.
Iran is ranked among the 15 major mineral-rich countries of the world and exports its industrial and mineral products to 159 countries, including Iraq, China, the United Arab Emirates, India and Afghanistan.
The important mines of Iran include coal, metallic minerals, sand and gravel, chemical minerals and salt. Iran has the world's largest zinc and second largest copper deposits and ranks ninth for its iron reserves.