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  • 08-07-20

    Capital market, a possibility for mining sector to flourish

    (MENAFN) Being amid the world's top mineral-rich countries, Iran has placed a new aim for additional growth of its mining sector as the country's economy is touching away from oil in the direction of becoming oil-independent.

    Iran is one of the top 10 mineral-rich countries in the world in which 68 types of minerals have been recognized thus far, counting the world's main sets down of copper, zinc, and iron; so there are frequent great, medium and small-sized mines athwart the country that are being functioned by the government or the private sector.

    Newly because of the obstructions shaped by the United States sanctions, lots of of the little and medium-sized mines which are mostly possessed by the private sector have been facing grave difficulties observing the renovate of their machinery and gear and even exports of their creations, in order that quite a few small mines have been obliged to reduce their manufacture or even totally shut downward.

    In the middle of the main subjects that the mining sector is currently facing, economic difficulties and reserve limits are the majority harsh ones.

    MENAFN0807202000450000ID1100451498

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