TEHRAN Irans Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that mining and mineral market tasks worth $1.3 billion were finished in the very first 10 months of the existing Iranian year (March 20, 2024-January 20, 2025).
According to IMIDRO, these tasks have actually directly developed over 3,100 jobs and indirectly created work for more than 8,600 people.The tasks consist of the construction of a steel production plant with a yearly capacity of 800,000 lots of flower and billet, a titanium task with a production capability of 130,000 lots of concentrate, a provincial steel plant with a yearly output of 800,000 tons of piece, a zinc concentrate job with a production capability of 200,000 tons, a coil production center with an annual capability of 450,000 tons, a pelletizing plant with a four-million-ton capability, and the advancement of solar power plants in the provinces of Kerman and Yazd.These tasks were executed across the provinces of Fars, Yazd, Kerman, and Chaharmahal and Bakhtiari.In recent years, Iran has increase investment in its mining sector, launching numerous large-scale projects targeted at increasing production capacity and reducing reliance on basic material exports.
Among the most significant tasks has actually been the development of the Sangan mining complex in Khorasan Razavi Province, which is expected to become a major center for iron ore production and processing.
Likewise, the expansion of the Golgohar and Chadormalu mines has actually played a crucial role in strengthening Irans position in the worldwide steel and iron ore markets.Despite facing challenges due to global sanctions and constraints on monetary deals, Iran has actually continued to bring in financial investment in its mining market, especially from domestic business and joint ventures with partners from China and Russia.
The government has focused on value-added production, motivating the establishment of processing plants to improve basic materials into completed items such as steel, aluminum, and copper.Iran is home to some of the worlds largest reserves of minerals, including zinc, copper, iron ore, and rare earth elements.
The nation ranks among the top producers of numerous key minerals and has actually been working to enhance expedition activities in untapped regions.
Just recently, authorities revealed brand-new discoveries of gold reserves in West Azerbaijan Province, more boosting the countrys mineral potential.To support the sectors growth, authorities have actually also focused on infrastructure enhancements, including expanding rail and port facilities to facilitate the export of mineral products.
The building of brand-new rail corridors linking significant mining centers to the Persian Gulf and Caspian Sea is anticipated to boost trade chances, especially with markets in Asia and Europe.With ongoing tasks and continued financial investment in updating its mining operations, Iran aims to solidify its position as a local leader in mineral production while increasing self-sufficiency in industrial raw materials.EF/ MA