Wed Sep 16, 2020 6:18
Iran’s Mining to See Bright Future with New Gold Reserves
TEHRAN (FNA)- An official with Iranian ministry of industry, mine and trade said the country has discovered 1,000 promising gold prospects, adding that the new discovered mines will probably compete with steel in the country’s mining sector.

“Iran now has 1,000 promising prospects in the gold sector, and soon gold will play a role similar to steel,” Dariush Esmayeeli said on Wednesday.

He said the country will soon bring online a new phase of gold production including all stages from extraction to processing, production of ingots and sale to the Central Bank.

The Zarshuran gold complex in Takab is one of the most important mineral prospects, estimated to hold 110 tons of reserves. Aq Darreh, also in Takab, operates with 2.2 tons of gold a year.

Iran is a leading producer of steel in the world, and officials say that exports continue despite the US sanctions. It plans to raise steel output to 55 million tons a year by 2025, 20 to 25 million tons of which would be earmarked for export.

The sector holds a key advantage over the oil industry: it is much harder to sanction the mining industry because of its immense diversity. From extremely sensitive radioactive materials to such ordinary substances as lime, the sector includes as many as 120 elements.  

According to officials, possible gold bearing zones have been identified in 21 provinces across Iran. The country’s proven gold reserves are currently estimated at 340 metric tons lying in 24 mines.

The Trump administration has broadened its sanctions to include steel, aluminum, copper and iron trade, “but exports still continue because the consumer needs them,” Deputy Minister of Industry, Mine and Trade Mehdi Karbasian said last month.

According to Karbasian, there is a great variety of materials in mining sector and the variety of consumers and producers of the materials is much greater than that of petroleum products.

“Assuming that the value of Iran's mineral reserves is at least $700 billion, their added value would be $4 trillion,” he said.

Esmaeili said the number of active mines is estimated at 5,600, adding, “This year, 1,000 inactive mines will be put into production, which means about 25% of non-active mines will return to production.”

In a relevant report it was announced last week that total exports of Iran's largest steel mills companies hit 1.7 million tons in the first five months of current Iranian year (March 20- August 21).

The performance of large steel mills companies reveals that Iran exported 507,302 tons in August and Iran's steel production is expected to reach nearly 30 million tons, more than one million tons of which will be exported.

The Iranian annual steel production is planned to amount to 45 million tons by the year1400 (March 2021-March 2022).

Iran aims to become the world’s sixth largest steel producer as per the 20-Year Vision Plan, which targets to expand annual production capacity to 55 million tons and 20-25 million tons of exports per year by 2025.

The country’s annual steel export capacity currently hovers around $4 billion.





Bottom top
Iranian Experts Overhaul Boeing 747 Plane

TEHRAN (FNA)- Iranian experts succeeded in overhauling a 50-year-old Boeing 747 cargo plane amid harsh US sanctions against the country.
UK Scientific Adviser Warns Deaths Will Rise to Hundreds A Day If Coronavirus Continues at Current Rate

TEHRAN (FNA)- The UK could see 50,000 new coronavirus cases a day by mid-October, leading to more than 200 daily deaths, if the rate of increase in infections continues to rise at current rates, the government’s chief scientific adviser Patrick Vallance warned.
IRGC Commander: US Rotten Inwardly, Isolated Globally

TEHRAN (FNA)- Islamic Revolution Guards Corps (IRGC) Commander Major General Hossein Salami said the US has become rotten internally and isolated externally, and asked Iranian people not to be worried about American threats.
London Mayor Urged to Boycott Saudi-Hosted G20 Mayors Summit

TEHRAN (FNA)- Mainly leftwing mayors of some of the world’s biggest cities are being urged to boycott a G20 urban summit hosted by Saudi Arabia on the 2nd anniversary of the murder of the journalist Jamal Khashoggi.
Iraqi Baath Documents Reveal Pahlavi Regime’s Collaboration with Saddam in Bombing Iranian Cities

TEHRAN (FNA)- Documents left from the intelligence service of the former Baath regime in Iraq disclosed that the family members of deposed Shah of Iran supplied the ex-Iraqi dictator Saddam Hussein with military equipment and weapons that had not been sent to Iran yet to attack the Iranian cities during the 8-year imposed war (1980-1988).
Iranian Supreme Leader's Videoconference Meeting with War Veterans

TEHRAN (FNA)- Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei holds a videoconference meeting with War veterans on Monday. [PHOTOS]
Iran Air to Resume Flights to Istanbul

TEHRAN (FNA)- Iran’s main airline company Homa, known internationally as IranAir, announced on Sunday that it is going to resume flights to Istanbul after seven-months of hiatus due to the coronavirus outbreak.
Iran: Washington’s Conduct Blatant Violation of Global Rules

TEHRAN (FNA)- Iranian Judiciary Chief Seyed Ebrahim Rayeesi said the present misconduct by US is a flagrant violation of the international laws and regulations.
Trump Says Democrats Don't Want A Vaccine Before Election

TEHRAN (FNA)- President Donald Trump accused Democrats of not wanting a vaccine against COVID-19 before the election, because they fear that it will boost the president's chances of winning a second term.
Russia Slams US Approach to Navalny Case as Destructive, Politicized

TEHRAN (FNA)- Washington’s position on the situation around Russian opposition blogger Alexey Navalny is destructive and politicized, Deputy Foreign Minister Sergei Ryabkov stated.
Berlin Dodges Police Racism Probe After Cops Caught Sharing Nazi Content, Saying GERMAN PEOPLE Need Investigation Instead

TEHRAN (FNA)- Days after dozens of officers were suspended for sharing Nazi-related content online, the German Interior Minister stubbornly refuses to investigate racism in the police ranks, stating that the entire society needs to be examined.
COVID-19 Infection Rates in 20 London Boroughs Higher Than Areas of England Already Hit by Restrictions

TEHRAN (FNA)- COVID infection rates in 20 London boroughs are higher than areas of England already hit by restrictions, new data revealed on Monday, as London Mayor Sadiq Khan met council leaders to demand a new lockdown and rush hour traffic dropped five percent.
Military Warns Taiwan’s Armed Forces Have ‘Right to Counter Attack' After China’s Large-Scale Drills

TEHRAN (FNA)- Taiwan’s Defense Ministry announced on Monday that the island’s armed forces have a right to defend themselves and counter attack, citing “harassment and threats” in a warning to Beijing.
Iran Reports 3,341 New Coronavirus Cases, 177 Deaths

TEHRAN (FNA)- The Iranian health ministry announced on Monday that 3,341 new cases of coronavirus infection have been identified across the country during the past 24 hours, adding that 177 patients have passed away during the same period.
Iran’s Deputy Judiciary Chief: Israel Not to Show Mercy to Arab States

TEHRAN (FNA)- Iran's Deputy Judiciary Chief for International and Human Rights Affairs Ali Baqeri warned the Arab states which have normalized ties with Tel Aviv that Israel will soon victimize them for its hegemonic policies.