Mining Sector Development Plans Making Headway

A total of 309 mining projects became operational during the first half of the current Iranian year (March 20-Sept. 21), registering a 7.7% growth compared with the same period of last year. 
Latest statistics released by the Ministry of Industries, Mining and Trade show a total of 472 exploration permission were issued in H1, showing an 8% rise compared with the same period of last year, IRNA reported. 
Iran’s mineral reserves currently stand at 55 billion tons, about 37 billion tons of which are proven. New explorations are expected to increase the figure by 30% to 60 billion tons by the end of the current fiscal year (March 2021).
A total of 15.69 million tons of mineral products worth $2.17 billion were exported from Iran in the first five months of the current fiscal year (March 20-Aug. 21).