Economy, Domestic Economy

Mining Share in GNP to Grow

Mining Share in GNP to GrowMining Share in GNP to Grow

The mining sector’s share in the Gross National Product (GNP) is one percent, but the figure could increase to 3%, the minister of industry, mine and trade Mohammadreza Nematzadeh said. “The mining sector is the fundamental part for many development projects across the country and is, therefore, a suitable area for big investments,” IRNA quoted the minister as saying. Nematzadeh called for a stronger role of the private sector and foreign investors in Iran’s mining industries, adding that efforts should be made to utilize the industrial value added in the best possible way.