EghtesadOnline: Banks and credit institutions provided the industrial and mining sector with 1.51 quadrillion rials ($36 billion) worth of loans in the last fiscal year's first 11 months (March 21, 2017-Feb. 19), indicating a 8.3% rise year-on-year, statistics released by the Ministry of Industries, Mining and Trade indicate.
EghtesadOnline: The Producer Price Index for the mining sector in the 12-month period ending Dec. 21, 2017, which marks the end of fall, increased by 11.2% compared with the same period of last year, the Statistical Center of Iran reported.
EghtesadOnline: A total of 3,321 new jobs were created in Iran’s mining sector during the seven months to Oct. 22, 2017, indicating a 158% rise compared with the corresponding period of the previous year, data released by the Ministry of Industries, Mining, and Trade showed.
EghtesadOnline: In a meeting between officials from Mines and Metals Development Investment Company and those from Australia this week, the two sides expressed interest in expanding mining and exploration cooperation.
EghtesadOnline: The Iranian coal industry, long underutilized despite its massive potential, is capable of driving the mining sector, boost energy production and create the sorely-needed jobs envisioned in the Sixth Five-Year Development Plan (2017-22).
EghtesadOnline: The Iranian mining sector was surrounded by much fanfare following the lifting of nuclear sanctions on the Islamic Republic in 2016.
EghtesadOnline: The Iranian steel industry is arguably the main driver of the country’s mining sector, taking the top spot among all metal products with the highest output and overseas sales.
EghtesadOnline: The Iranian mining sector has a lot to boast about. With huge untapped reserves, cheap energy and skilled workforce, the industry seems set to be a major driver of the economy.
EghtesadOnline: Iran exported more than 57.68 million tons of mineral products worth over $7 billion during the previous fiscal year (March 2016-17), registering a 38% and 17% growth in trade volume and value respectively compared with the year before.