News ID: 272480
Published: 0144 GMT August 04, 2020

Output of six major mining products increases

Output of six major mining products increases

The production of six major mining industry products has increased in the first three months of the current Iranian year (March 20-June 20, 2020), the latest data released by Iran’s Industry, Mine, and Trade Ministry show.

Based on the figures, during the said period, production of crude steel and steel products, copper cathode, cement, aluminum ingots, and alumina increased compared to the first quarter of the previous year, while the output of glass, glassware, coal concentrate, and chinaware decreased, shatanews.ir reported.

As reported, aluminum ingots had the highest growth rate among the five products in the mentioned period, with 46.3 percent rise, followed by cement, alumina, copper cathode, and steel products, with 10, 2.3, 2.1, and 1.8 percent increase, respectively.

The production of aluminum ingots stood at 95,000 tons in the said three months, while in the same period last year, 65,000 tons of this product were produced.

As for cement, in the current year’s first three months, 16,353 tons of cement were produced compared to the 14,868 in the same period last year.

The lowest production growth rate was reported for steel products, which grew by 1.8 percent year-on-year, according to the report.

The country’s steel products output increased from 5.388 million tons in the first quarter of last year to 5.485 million tons in the same period this year.

According to the Industry Mine, and Trade Ministry, the mining sector accounted for 25 percent of the country’s non-oil revenues in the past Iranian year (ending March 19, 2020).

Iran is one of the top 10 mineral-rich countries in the world, in which 68 types of minerals have been identified so far, including the world’s largest deposits of copper, zinc, and iron. So there are numerous large-, medium- and small-sized mines across the country operated either by the government or the private sector.

Iran has set a new target for further development of its mining sector as the country’s economy is moving away from oil.


 

   
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