Mineral exports cross $9 billion 10 months

TEHRAN, Feb. 06 (MNA) – Minister of Industries, Mining and Trade Reza Rahmani said around seven million tons of minerals worth $9 billion were exported during the past 10 months of the current fiscal year (to Jan. 20).

Noting that the figure constitutes some 20% of Iran’s total exports during the 10-month period, Rahmani expressed hope that it would observe a leap in the coming months, by tapping into the country’s mineral reserves, especially iron ore mines.

According to him, Iran's iron ore stockpiles have at least doubled during the recent excavations, raising hopes that the country could fulfill its plans on boosting production and exports of steel products.

Iran aims to become the world’s sixth largest steelmaker as per the 20-Year Vision Plan (2005-25), which envisions an annual crude steel production capacity of 55 million tons per year by the deadline.

MNA/83199329

News Code 142279

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