Economy, Business And Markets

Iron Ore Proven Reserves to Rise 50%

Iron Ore Proven Reserves to Rise 50%Iron Ore Proven Reserves to Rise 50%

Iran’s proven iron ore reserves are estimated to grow 50% to reach 4 to 4.5 billion tons by the end of 2016, according to Mehdi Karbasian, the head of Iranian Mines and Mining Industries Development and Renovation Organization, Mehr News Agency reported. In December 2013, IMIDRO undertook an operation to explore over 200,000 square kilometers of the country’s area over a course of three years. The program started by covering Sistan-Baluchestan, South Khorasan, Kerman, Yazd and Isfahan Provinces and later on moved into the western regions of the country, including Kurdestan, Zanjan and West Azarbaijan provinces.