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Iran Introduces Mining Projects Worth $16b to Investors

Iran Introduces Mining Projects Worth $16b to Investors Iran Introduces Mining Projects Worth $16b to Investors

The Iranian Mines & Mining Industries Development & Renovation has defined $16 billion worth of mining projects by the Iranian year 1400 (March 2021-2) for domestic and foreign investors, announced the chairman of the organization.
“More than $3.5 billion worth of investments in mines and mining industries will be made by the end of the current Iranian year [March 19, 2020],” Khodadad Gharibpour said on the sidelines of the Eighth International Investment Opportunities in Iran’s Mines & Mining Industries Exhibition & Conference, also known as "MINEX 2019".
The private sector has made an investment of 12 trillion rials ($105.26 million) in mining industries in the current fiscal year (started March 21) and with the introduction of new opportunities, private sector investments are expected to increase considerably, IRIB News reported.

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