Domestic Economy

Mining Investments Rise 60% to $3.2b

A total of 4,790 direct jobs were created in the mining sector in the last Iranian year (ended March 19, 2020), up by 30% compared to the year before
Mining Investments Rise 60% to $3.2b
Mining Investments Rise 60% to $3.2b

About $3.2 billion were invested in Iran’s mining and mineral industries during the last fiscal year (ended March 19, 2020) to register a 60% rise compared to the year before, says the spokesperson of the Iranian Mines and Mining Industries Development and Renovation Organization.
According to Mohammad Sepehr, the Covid-19 outbreak postponed the inauguration of several projects, IRNA reported.
According Khodadad Gharibpour, chairman of IMIDRO, 31 mineral projects worth $2.27 billion will come on stream in the current Iranian year.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment