igPic
Mining projects costing $235m inaugurated in southeast Iran
5/22/2013 11:49:35 AM
The coal concentrates project cost 400 billion rials (about $33 million) and will creat over 800 direct and indirect jobs. The metallurgical coke project cost 2.5 trillion rials (about $202 million) and will create over 5,500 jobs. 
 
President Mahmoud Ahmadinejad officially inaugurated the two production plants.
 
In February, IRNA quoted Iranian deputy industry minister Fereydoon Ahmadi as saying that seventeen coal production plans are underway in Iran, which are projected to raise the country's coal output to 4.6 million tons.
 
The plans are estimated to cost €607 million and 7.59 trillion Rials (about $620 million), and will create 10,000 direct jobs, he added.
 
In January, IRNA quoted Iranian Industry, Mine, and Trade Minister Mehdi Ghazanfari as saying that Iran's existing mineral reserves will sustain for 140 years if 400 million tons of the reserves are extracted annually.
 
Iran's discovered mineral reserves are valued at over $770 billion, he noted.
 
The potential mineral reserves are estimated to be 57-58 billion tons, of which 37-38 billion tons have been proven, he said.
 
Iran possesses two percent of the world's total mineral reserves.