Iran: 18 Mining Projects Worth $2.5b to Be Made Operational by March 2021

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) expects to make 18 mining projects operational with a total investment of $2.56 billion in the current fiscal year (March 2020-21).
About 33% of the projects are related to steel production chain, while 15% pertain to copper, electricity supply to mines and road maintenance, IRNA reported.
One of the biggest projects is the second development phase of South Kaveh Steel Company’s billet production unit, which is to come on stream with $571 million worth of investment.
The projects are spread in 12 provinces. Semnan Province has the highest share with three projects, followed by Yazd, East Azarbaijan, Khorasan Razavi and Kerman—each with two projects.
Hormozgan, Fars, Khuzestan, South Khorasan, Qazvin, West Azarbaijan and Golestan each have one project on the agenda.