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  • 06-06-20

    Iran-investment in mining sector increased by 60 percent in March

    (MENAFN)

    The Iranian mining sector has seen a major improvement in investment for new projects, a sign the country is intent on taking advantage of its enormous mineral reserves despite American sanctions that have targeted its sale of profitable metals.

    Investment in new mining projects, such as opening mines or launching processing industries, had come into 3.2 billion U.S. dollars over the past calendar year ending March 19.

    Mohammad Sepehr said that the statistics presented an upsurge of almost 60 percent in comparison with the last calendar year when total investment in the sector reached 2 billion U.S dollars.

    He said another 2.2 billion U.S. dollars' worth of mining projects would be initiated in the current calendar year ending March 2021.

    MENAFN0606202000450000ID1100281077

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