Mine is valued several times as much as oil

Mine is valued several times as much as oil
  • 2019-12-29
  • .
Vice President of the Iranian Stone Association: Today, Iran exploits one percent of its mineral reserves, while by world standards it should be around five percent.

According to Iran's International Stone Exhibition, Maliki Rahmati said: "If Iran uses its mineral reserves to the world standard, it will have a multiple of oil revenues.

Previous statistics show that the amount of identified reserves in our country is about 60 billion tons, of which about forty billion tons is a definite reserve and the rest is probable.

The 11th government implemented a number of key mine development programs, covering an area of ​​two hundred and seventy thousand kilometers, identifying forty-two gold, twenty-two tons, according to statistics from the Organization for the Development of Mines and Minerals of Iran (Imidro). Million tonnes of bauxite, one hundred and three million tonnes of barite, thirty thousand tonnes of antimony, sixty-five thousand tonnes of trace elements, three hundred and forty-five million tonnes of coke, two hundred million tonnes of coal, five hundred million tonnes of iron ore for exploration By half a year, over $ 300 billion was spent.

Rahmati added: According to the Iranian Statistics Center, our country's mineral reserves amount to 25.5 billion tons, the share of limestone with seventeen billion tons, sixty-seven percent, iron ore two and a half billion tons with ten percent and carcass stone one and one. Seven billion tonnes is the highest with six and six percent.

He noted: Iran's mineral reserves are two and one billion metric tons (iron, copper, lead and zinc, gold, manganese and chromite) based on the US Geological Survey calculations, and according to the iron content of one and a half billion tons with a share of sixty Eight percent, phosphate four hundred and ten million tons with eight percent, coal four hundred million tons with six percent highest, while limestone, clay, carcass, ballast, salt and gypsum were not calculated.

According to the report of the organization, Vice President of the Iranian Stone Association said: The total value of production in the mining sector in the year 1396 was about one and three billion dollars, which represents a 7% share of this part of GDP.

He added: The US Geological Survey added that over the past sixty years the share of the mining sector in GDP has not exceeded one percent.

Rahmati added that last year the value of the mining and mining industry's exports amounted to more than nine billion dollars and in fact it accounted for 21% of the total value of non-oil exports.

He noted: The export value of the steel and related products export chain was eight and nine million tonnes and amounted to four and one billion dollars, respectively, which held three and seventeen percent of the weight and value of non-oil exports respectively.

The published statistics show that of the 344 billion USD accumulated profits of stock companies, more than 16,000 billion USD belong to the mining and mining sector.

* IRNA