News ID: 269520
Published: 0249 GMT May 27, 2020

Iran to inaugurate major industrial, mining, trade projects by March

Iran to inaugurate major industrial, mining, trade projects by March

The Iranian Ministry of Industry, Mine and Trade plans to launch 200 major industrial, mining, and trade projects across the country by March 20, 2021.

Deputy Minister of Industry, Mine and Trade Saeed Zarandi said that about $40.23 billion were invested in the said projects that will create job opportunities for 41,000 people, IRNA reported.

In terms of the number of projects, Kerman Province, with 26 projects, and in terms of volume of investment, Khuzestan Province, with about $8.57 billion, have the largest share of the projects, Zarandi said.

Currently, there are 12,500 projects with over 60 percent progress throughout the country, of which 6,000 are related to industries, according to the official.

Meanwhile, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that it plans to revive 50 idle copper mines in the current Iranian year.

As reported, reviving these mines would bear fruitful results for the National Iranian Copper Industry Company (NICICO).

The head of IMIDRO, Khodadad Gharibpour, had announced earlier that the NICICO has planned for copper projects, worth about $2.38 billion, to be implemented in the current Iranian year.

Among small copper mines throughout the country, 94 are active, 96 are idle, and 21 are being equipped.

Reviving the small mines was one of the major plans that Iran’s mining sector was seriously pursuing in the past Iranian year (ending March 19).


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