Iran’s proven mineral reserves valued at over $770b: industry minister

Iran’s mineral reserves are valued at more than $770 billion, according to Iranian Industry, Mine, and Trade Minister Mehdi Ghazanfari.

If 400 million tons of the reserves are exploited annually, it will last for about 140 years, IRNA quoted Ghazanfari as saying on Tuesday.
The country’s total mineral reserves are estimated to be 57-58 billion tons, he said, adding that Iran has 37-38 billion tons of proven mineral reserves.
On September 4, 2012, Ghazanfari said that Iran possesses two percent of the world’s total mineral reserves.
He added that the mineral reserves include 12 metal and 36 non-metal ores.
About 5,000 mines are being exploited in the country, he stated, adding that around 340 million tons of minerals were exploited in the previous Iranian calendar year, which ended on March 19, 2012.
In 2012, Iranian Geology and Mineral Exploration Organization Deputy Director Behrouz Borna said that Iran has the largest mineral reserves in the Middle East.
Iran is also one of the top 15 countries in the world in regard to mineral reserves and exports its industrial and mineral products to 159 countries, including Iraq, China, the United Arab Emirates, India, and Afghanistan, he stated.
Source: Tehran Times

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