IMIDRO: Iran’s Mining, Mineral Exports to Top $12bn by Yearend

Date: 21 February 2024 - 22:36

News ID: ۱۲۴۹۲۹

TEHRAN – An official at the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the country’s exports in the mining and mineral sectors will increase between $1.5 billion and $2 billion by the end of the current Iranian calendar year (March 21, 2024).
Amir Nojan Younesian noted that the country’s exports in the mining and mineral sector crossed $11 billion in the first 10 months of the current Iranian calendar year (March 21, 2023, to January 22, 2024) in spite of the challenges facing the country.
Younesian put the export value of the steel chain at $4.9 billion in the first 10 months of the current year, registering a 6% growth compared to last year’s corresponding period.
The economic manager of IMIDRO further pointed out that the development of the value chain is one of the main tasks of developmental organizations like IMIDRO, IRNA reported.
Turning to the measures taken by IMIDRO for the development of the downstream chain, Younesian added, “With the investment made for the implementation of the projects in manufacturing electric sheets and seamless pipes (used in the oil and gas industry), it is expected that the exports value of the mining and minerals sector will significantly increase.”