Overall Description of the Industry and Mining Sector
The mining sector currently accounts for around 1.3% of Iran’s GDP in the year ending January 2021 and it contributes to 1% of the country’s employment. According to the latest report released by the Ministry of Industries, Mining and Trade, Iran has 5,782 mines 4,974 of which were operational in Iran in the fiscal year ending March in 2020, indicating a 1.2% increase (58 more operational mines) compared with the previous year. The total amount of revenue generated by these mines stood at USD 2 million which registered a 61.2% year-on-year growth. A total of 392.203 million tonnes of minerals worth USD 2.64 billion were produced in the fiscal year ending March 2020, showing an increase of 8.5% in terms of weight and 64.8% in value (30.83 million tonnes worth USD 1.03 billion) compared with the year before. Iran’s export of mineral products in 2021 stood at 55 million tonnes worth USD 7.6 billion based on the latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization. According to IMMIDRO, steel topped the list of exports in terms of value with USD 4.1 billion and was followed by copper with USD 958 million and cement with USD 758 million.
Iran Mining Sector Guide
Competitiveness of Mining Sector in Iran