Opening of the $ 3.9 billion mining project a year

Opening of the $ 3.9 billion mining project a year
  • 2019-07-07
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Deputy Minister of Planning and Empowerment of Iran Mines and Minerals Development and Renovation Organization: Iranian Mining Industries is not sanctioned at all and we have our customers.

According to the International Stone Exhibition of Iran, Amir Khorrami Shad, Deputy Director of Planning and Empowerment of Iran Mines and Mineral Industries Development and Renovation Organization regarding the opening of mineral projects in the coming years said: According to the plan made in year 7, twenty-seven projects It will be worth three and nine billion dollars and in year 2, nineteen two and a half billion dollars and in 1400, forty-seven projects worth six and eight billion dollars will be put into operation.

He said: The projects that will be launched this year are in basic metal chains such as steel, aluminum and copper, some of which, like southern aluminum and Jajarm aluminum, will be introduced into production for the first time, and some such as Mobarak steel concentrate and pelletizing. Gul Gohar is one of the development plans that will increase the capacity of these companies. With the inauguration of these schemes in year 2, ten thousand eight hundred and fifty persons will be employed directly and sixty three thousand and five hundred indirectly; And three hundred non-direct employees will work.

Khorrami Shad reiterated: The most important feature of these plans, which is part of Imidro's strategic goals and strategic plan, is to reduce crude sales and create added value in basic metals. Eighty-one percent concentrates, pellets, and thirty-three percent steel and seventy-two percent steel capacity have increased since the beginning of the eleventh administration. At the same time, we were able to minimize iron ore exports in year two, and saw a two hundred and sixty percent increase in sponge iron exports. In the steel chain, steel production capacity in the country increased to five million tons. That's up seven percent from last year, and we've reached 25 million tonnes of steel ingots, up 14 percent from last year.

He added: "This increase in capacity and production while the growth rate of crude steel production in the world is five percent and China, which is the leading steel producer in the world, has only grown 7 percent and in the production of sponge iron with 25 million tons per year. After India we are ranked second. Twenty-two percent of non-oil exports, worth about $ 10 billion last year, are related to mining products, and this year this figure is set to increase.

Deputy Minister of Planning and Empowerment on the Impact of Sanctions said: "Iran's mining industry is not sanctioned at all and we have our customers and statistics show that we are still growing in exports with thoughtful arrangements in discussing money back and transactions." We have the least difficulty with the central bank's cooperation.

* Ilna