Economy, Business And Markets

Mineral Projects Worth $3.6b in the Pipeline

Mineral Projects Worth $3.6b in the PipelineMineral Projects Worth $3.6b in the Pipeline

More than $3.6 billion worth of mineral projects are to be launched by the end of the current fiscal year (March 20, 2019), the Iranian Mines and Mining Industries Development and Renovation Organization announced. “The main projects include Mokran Chabahar Steel Complex, second phase of Zarshouran Gold Mine, development of Tabas Parvadeh Coal Company’s mine No. 4, establishment of Persian Gulf Alumina, Kurdestan Steel’s direct-reduced iron plant, Sefid-Dasht Steel’s cold-rolling plant, Mobarakeh Steel Company’s Shahid Kharrazi hot-rolling project, Hormozgan Steel Company’s capacity expansion and the first production phase of Lorestan Lime Company,” IMIDRO’s head of strategic planning, Somayyeh Kholousi, said. Iran is home to 68 types of minerals with more than 37 billion tons of proven reserves and 57 billion tons of potential reserves.

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