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Iran discloses revenues obtained from export of mining materials

Business Materials 6 January 2019 12:12 (UTC +04:00)

Baku, Azerbaijan, Jan. 6

By Elnur Baghishov – Trend:

According to the statistics obtained from the Iranian Mines and Mining Industries Development and Renovation, known as IMIDRO, mining companies sell more than 50 percent of currency obtained as a result of export via Forex Management Integrated System (NIMA), Trend reports referring to IRNA.

The mining companies’ revenues reached $2.192 billion since the beginning of the year (started on March 21, 2018) till Dec. 31.

So far, these companies have sold $1.1 billion via NIMA. Moreover, $1.19 billion was spent on import of equipment and raw materials.

Mining materials worth $6.874 billion were exported during eight months of this Iranian year, which is seven percent more compared to the same period of last Iranian year.

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