Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the country's mining sector has witnessed a significant growth.
IMIDRO announced on Friday that sales and exports of various Iranian mining products increased by an average of 50 percent in the first eleven months of the current Iranian calendar year (March 21, 2010 - February 20, 2011) compared to the corresponding period of the previous year, IRNA reported.
In this time span, production of crude steel reached 11.555 million tons which marks an 18 percent increase compared to 9.753 million tons of the corresponding period of previous year.
Moreover, production of hot and cold steel sheets reached 15.362 million tons, marking a 75 percent hike compared to the respective period of last year.
Previously, facts and figures regarding mining products in 2009 pertained to companies affiliated to IMIDRO, but this year production report is linked to the entire country.
In the above-mentioned duration, production of cathode copper grew by six percent compared to the corresponding period of last year and amounted to over 204,000 tons. Meanwhile, the level of production of aluminum ingots and alumina powder reached 276,000 tons and 217,000 tons, respectively.
In the same period, production of processed iron ore transcended 24.320 million tons while the level of sale and export of steel, copper and aluminum grew between 14 percent and 41 percent compared to the corresponding period of the last year.
The local sale of steel and copper in the said time span reached 75,000 billion rials (about $7.5 billion) and 100 billion rials (about $10 million), respectively.
This is while companies that produce aluminum ingots managed to sell 4,050 billion rials (about $405 million) of their products in the local market, marking a 25 percent growth compared to the corresponding period of last year.
In the first 11 months of the present year, export of copper reached $750 million while export of aluminum ingots hit $315 million.
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