Iran discloses value of Azerbaijani investment in mining sectorExclusive

Business Materials 8 April 2018 17:25 (UTC +04:00)

Tehran, Iran, April 8
By Kamyar Eghbalnejad – Trend:

An Iranian industrial official has estimated that the construction of a gypsum factory by an Azerbaijani manufacturer would cost about $10 million.

The head of mining and industrial organization of Semnan Province, Behrouz Asfadi, has said that the factory is expected to become on stream in near future.

Earlier in the day, the deputy minister of industries, mining and trade, Jafar Sarghini, told Trend Matanat A, an Azerbaijani manufacturer of cement and gypsum-based products has utilized a mine in northern Iran and is expected to launch the gypsum factory there.

The latest official statistics indicate that export of Iran’s minerals and mineral industry products has increased in terms of value. However, the volume of the exports of the products has dropped.

Exports of the products amounted to $8.396 billion over the first 11 months of the last fiscal year (March 20-Feb.20), six percent up year on year.

In volume terms, the exports of minerals fell by 3 percent to 58.1 million tons in the 11-month period.
The exports included cement, ceramic and tiles, steel and iron products, all types of stones, copper, coal and coke as well as chromium, mica, nickel, precious metals, and aluminum, Molybdenum, titanium, lead and zinc production chain products.

Iran’s daily output of minerals stands at 1.2 million tons and the country’s proven mineral reserves stand at 37 billion tons.

Iranian cement factories produced 49.697 million tons of cement during the first 11 months of last fiscal year (March 20, 2017-Feb. 20, 2018), a fall by 1.8 percent year-on-year.