News   /   Economy

Iran reports 72% rise in coal concentrate output in March-Nov.

Iran’s state mining company says its coal concentrate output rose by 72% in March-November.

Iran’s state mining and metals company IMIDRO says coal concentrate output in its two mines rose by 72% year on year in the eight months to November 21.

An IMIDRO statement published on Sunday said that concentrate output by the company rose to more than 0.526 million metric tons (mt) in the March-November period, up from over 0.305 million mt reported over the same period last year.

The statement said a bulk of the output, more than 0.455 million mt, had come from Tabas Coal Mine in eastern Iran while the rest had been supplied from Central Alborz Coal Mine that is located to the north of the capital Tehran.

IMIDRO figures showed that the company’s supply of coal concentrate to domestic customers had increased by 60% year on year in the eight months to late November to top over 0.511 million mt.

The company said its coal ore output had also increased by 82% year on year in March-November to reach nearly 1.497 million mt.

Iran has reported a boom in its mining and metals sector since 2018 when the United States imposed sanctions on oil exports from the country.

The boom has given Iran an opportunity to diversify its hard currency revenues by relying more on exports of metals and mining products.  

The government has also relied on increased activity in the sector to create more jobs for Iran’s youth population.


Press TV’s website can also be accessed at the following alternate addresses:

www.presstv.co.uk

SHARE THIS ARTICLE
Press TV News Roku