Azerbaijan, Baku, July 17/ Trend, N. Umid /
Some $807 million (based on official rate of 24,782 rials per each dollar) from the National Development Fund of Iran were allocated for the development of mines, Minister of Industries and Business, Mehdi Ghazanfari said, ISNA news agency reported.
Ghazanfari said that, in current solar year (which began on March 21) national budget about $20.18 million were allocated for exploration projects.
"Some $1.614 billion incomes would be received from state owned mineral rights in current year," he added.
It should be recalled that, about $32.28 million incomes have been predicted to be earned from state owned mineral rights in current year's budget.
In the last year's budget some $72.63 million income had been predicted to be earned, however, the figure reached $141.23 million which was about 2 fold more than the predicted value.