Iran inaugurates iron ore concentrate plant
Azerbaijan, Baku, Oct.27/ Trend G.Mehdi/
Iran inaugurated an iron ore concentrate plant today, with the production capacity of two million tons per annum, in the city of Zarand, southeastern Kerman Province, ILNA reported.
Over 7 trillion rials (some $570 million) have been invested by the private sector in the project. It will create 150 direct and 400 indirect jobs.
Some 5,000 mines are being exploited in the country, Industry, Mine and Trade Minister Mehdi Ghazanfari has said, adding that around 340 million tons of minerals were extracted in the previous Iranian calendar year, which ended on March 19.
Meanwhile, the deputy director of Iran's Geology and Mineral Exploration Organization, Behrouz Borna, previously said that the Islamic Republic has the largest mineral reserves in the Middle East.
Iran is also one of the top 15 countries in world in regard to mineral reserves and exports its industrial and mineral products to 159 countries, including Iraq, China, the United Arab Emirates, India, and Afghanistan.