03 JUNE 2015AlCircle.com
Iran plans to invest $15 billion to develop the country’s mining sector
Edited by : AL CIRCLE
1 min read
Iran focuses on the country’s mining sector during the sixth five-year economic development plan (2015-2020) with plans of investing $15 billion to develop projects and increase production capacity of aluminium, steel and copper.
The development plan aims to increase the output of aluminium to 800,000 tons, copper to 400,000 tons and similar increase in steel production capacity by 2020, stated Deputy Minister of Industries, Mines and Trade Mehdi Karbasian in an Iranian newspaper.
"Iran ranks among the top 10 countries in the world in terms of mineral reserves which stands at an estimated 60 billion tonnes,” Karbasian said, also adding that more than 68 types of minerals were first discovered in the country.
Nearly 25 percent of the minerals market in Middle East is claimed by Iran where it is the world’s 14th ranking country in terms of steel production, 10th in iron ore reserves and 25th in aluminium production, said Karbasian.
The development plan aims to increase the output of aluminium to 800,000 tons, copper to 400,000 tons and similar increase in steel production capacity by 2020, stated Deputy Minister of Industries, Mines and Trade Mehdi Karbasian in an Iranian newspaper.
"Iran ranks among the top 10 countries in the world in terms of mineral reserves which stands at an estimated 60 billion tonnes,” Karbasian said, also adding that more than 68 types of minerals were first discovered in the country.
Nearly 25 percent of the minerals market in Middle East is claimed by Iran where it is the world’s 14th ranking country in terms of steel production, 10th in iron ore reserves and 25th in aluminium production, said Karbasian.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Grow with
AL Circle
