News   /   Economy

Added value created in Iran’s mines rose 75% in 2021: SCI

Government figures show mines in Iran created some 2,200 trillion rials worth of added value in 2021.

Figures by the Statistical Center of Iran (SCI) show that the added value created by mines in the country rose by 75% year on year in the calendar year to March 20, 2022.

SCI figures published on Tuesday showed that mines that were active in Iran in the calendar year 1400 had created more than 2,197 trillion rials (nearly $5 billion on current exchange rate) of added value over that period.

The figures indicated that investment in Iranian mines also rose by 43.6% in the year to late March 2022 to reach more than 78.7 trillion rials.

The number of active mines in Iran also increased by 243 or 4.2% from the year to March 2021 to reach 6,025 mines, said the SCI, adding that the number of jobs in the Iranian mines had reached a total of 130,358, up 8.3%.  

Mining output in Iran increased by 84.1% year on year in the calendar year 1400 to reach over 2,750 trillion rials, showed the figures by the government statistics agency.

The figures come amid Iran’s continued efforts to expand its mining and metals sector as part of a program to diversify the Iranian economy away from oil export revenues.

Experts say increased investment in mines in Iran has led to higher exports from the sector while enabling the government to create tens of thousands of new jobs for the country’s youth.

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

Press TV News Roku