Supply of 25% of the total non-oil currency through mines

Supply of 25% of the total non-oil currency through mines
  • 2020-04-28
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The Deputy Minister of Industry, Mines and Trade announced in a special news talk show on Do Sima: Last year, about 25 percent of the total non-oil currency was provided through mines and mining industries, and the growth of the steel chain was about twenty to twenty-twenty. It was five percent and we have a good outlook for this year.

According to the International Exhibition of Iranian Stone, Dariush Ismaili said that Iran is one of the most talented countries in the mining sector, adding: "If we can use this God-given capacity well, we can increase the welfare and comfort of the people and the orientations of the system so far." This has been the position.

Referring to the Supreme Leader's emphasis on the need to strengthen the resistance economy, he added: "One of the goals is for our economy to stand on its own two feet and not be affected by sanctions."

Ismaili added that last year was one of the most difficult years for our country in terms of sanctions. However, in the mining and mineral industries sector, not only was production not reduced, but exports were added, especially in the steel sector. The country grew.

He said that in the Ministry of Industry, in the three sectors of exploration, extraction and processing of mineral products, we have carried out operational targets. Exploration will add about 20 percent to previous reserves.

"Our strategy is to complete the end of the chain," said the Deputy Minister of Mines and Mining Industries of the Ministry of Industry, Mines and Trade.

Ismaili added: "In the last four years, the iron and steel group on the stock exchange has increased by 148 percent, which is fifteen times, while the total stock market has grown by 1,095 percent, which is about ten times more."

He continued: "Last year, the sale of Mobarakeh Steel was twenty-three thousand four hundred and seventy six billion tomans, the operating profit of which was eleven thousand nine hundred and thirty four billion tomans, and the net profit was twelve thousand two hundred and thirty one billion tomans." Its operating profit margin was forty-seven percent and its annual profit growth rate was seventy-seven percent.

Ismaili added: Zobahan also had sales of 7,200 billion tomans, 1,450 billion tomans of operating profit and 7,450 billion tomans of net profit during this period, and its operating profit margin was 14% and the profit growth rate Annually, it was one hundred and thirty-one percent.

He added: Khuzestan Steel also sold eleven thousand and three hundred and thirteen billion tomans during this period and had three thousand one hundred and seventy billion tomans of operating profit, and its net profit was three thousand one hundred and fifty five billion tomans and twenty-four. Percentage margin of operating profit and seventy-three percent annual growth.

The Deputy Minister of Mines and Mining Industries of the Ministry of Industry, Mines and Trade said: "Iran's steel industry consumes about thirty-seven million cubic meters of gas, and the subsidies that will be given to the steel complex are currently 4,700 despite the low price of oil." And it is sixty-nine billion tomans, and if the price of oil is between fifty and seventy dollars per barrel, this subsidy is between twelve and fifteen thousand billion tomans, and so is electricity and water.

Ismaili added: "Despite these subsidies, should we supply steel at the global price inside?"

* Shata