Ebrahim Jamili, head of Mine and Mining Industries Commission of Iran Chamber of Commerce, said on Tuesday that the ground is prepared for Iran’s activity in Afghanistan mining sector, noting that Iran welcomes cooperation with China in this regard.
The average Producer Price Index for the mining sector in the four-quarter period ending Sept. 22, which marks the end of the second quarter of the current fiscal year, increased by 116.1% compared with the same period of the year before.
Foreign investment in Iranian industry and mining sector stood at some $388 million over the first five months of the fiscal year (March 21-August 22) accounting for some 80% of the total foreign investment attracted by the country over the five-month period, report says.
Iran’s exports of mining products climbed to a record $1.29 billion in the Iranian calendar month ending in June 21, according to customs statistics.
Iran’s export of mineral products in the last fiscal year (ended March 20, 2021) stood at 55 million tons worth $7.6 billion, latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.
Iranian President Hassan Rouhani has inaugurated the country’s largest iron ore pellet plant in the central city of Bafgh as his government moves ahead with plans to expand Iran’s largely untapped mining and metals sector.
Iran’s minister of industry, mine and trade says construction materials accounted for 70 percent of total exports of $10 billion from Iran’s mining industry over the past calendar year.
An executive order by Donald Trump about sanctioning exports of several Iranian metals will have very little impact and is nothing new for the Iranian producers.
Stones, clay, bricks, tiles and carbon are the most favoured raw materials that Ankara bought from Iran during the April-November period.