ABOUT US  |  CONTACT US  |  RSS  |  ARCHIVE  |  2024-04-16  |  UPDATED: 1402/11/15 - 18:13:1 FA | AR | PS | EN
Formation of the Federalist Assembly of Afghanistan             Israel launches missile attack on outskirts of Damascus, killing Syrian civilians             íUK national scandalí: 20,000 mental health patients íraped, sexually assaultedí in NHS care             Three US troops killed, dozens injured in drone attack in Syria             Trump says NATO will not come to rescue if US attacked             Ukraine beset by $40m fraud in arms procurement amid war with Russia            US approves sale of F-16 jets to Turkey after Ankara ratifies Swedenís NATO membership             UNSC to meet to discuss ICJ ruling on Israeli genocide in Gaza             Taliban: Afghanistan Does Not Have Formal Border With Pakistan             Gazaís major health facility collapses amid Israeli attacks: MSF             Americans to redeploy nuclear weapons in UK amid fears of WW3             Biden makes history: 1st sitting US president sued for complicity in genocide             Trump walks out of courtroom during closing arguments of Carrollís attorney            US: 3 dead in shooting at Texas apartment complex            US-UK aggression against Yemen risks expansion of war: Iran            


DATE PUBLISHED: 1399/07/29 - 18:26:4
VISIT: 1248
SHARE WITH YOUR FRIENDS

Iran finds deposit with 8 million tonnes of gold reserves


This photo shows Bazman mountains in Sistan and Baluchestan where gold reserves have reportedly been discovered.

Iran has made a gold discovery in southeast Sistan and Baluchestan province, where definite reserves of 8 tonnes of the precious metal have been found, a provincial official says.

"The discovered gold mine in Sistan and Baluchestan is one of the economic mines of the country that was recently identified and after a long time, its exploration and survey stages were completed and the license for exploration of the mine with a definite reserves of eight tonnes of gold was issued," the provinceís under-secretary for economic affairs Mandana Zanganeh said.

"For exploration, the call for attracting investors will be published by the end of Mehr (on Wednesday), so that the capacities of this zone can be used for the economic prosperity of the region and creation of jobs," Tasnim news agency quoted her as saying.

Zanganeh called Sistan and Baluchestan the "mineral rainbow" of Iran, where there are some of the most economic mines with reserves of antimony, titanium, copper and gold.

The copper mine is one of the high-grade prospects discovered in the province, which is in the phase of exploratory studies about to be completed by the end of the current Persian year in March 2021, she added.

"The copper reserves identified at the mine are expected to reach 400 million tonnes, but this amount can increase significantly after the exploration is completed."

According to Zanganeh, about 60 percent of Sistan and Baluchestan has been surveyed in recent years and up to 200 mineral prospects have been identified.

"Studies on large antimony, titanium, copper and gold mining projects, which are among the countryís economic mines, have been completed or are in progress and will be completed by the end of the year," she added.

Zanganeh said major companies have announced readiness to invest and establish mineral processing industries in the province.

Sistan and Baluchestan is home to a titanium mine, with officials saying in the past that more than $4.2 billion of investment was needed to bring it fully online.

Fanuj is estimated to sit on 3.6 billion tonnes of titanium ore reserves. It includes a cluster of 30 deposits, each able to yield 1 million tonnes of titanium ore per year.

Titanium is the strategic metal of the century, named after the powerful Titan gods in Greek mythology. Because of its strength, light weight and corrosion resistance, the metal is highly prized in aircraft manufacturing, with further applications in military, aerospace, marine industries, dental implants and industrial processes.

According to provincial officials, more than 80 mines of titanium, iron ore and copper have also been explored in Fanuj.

Last month, Ministry of Industry, Mine and Tradeís Dariush Esmaeili told a mining forum in Tehran that Iran has identified 1,000 promising gold prospects, and that "gold in Iran will play a role similar to steel".

The country is a leading producer of steel in the world, with officials saying exports continue despite the US sanctions. It plans to raise steel output to 55 million tonnes a year by 2025, of which 20 to 25 million tonnes would be earmarked for export.

According to officials, possible gold bearing zones have been identified in 21 provinces across Iran. The countryís proven gold reserves are currently estimated at 340 tonnes lying in 24 mines. However, with extensive prospecting this figure is thought to rise much higher.

Iranís gold production capacity is put at more than 9 million tonnes a year. The Zarshuran gold complex in Takab is one of the most important mineral prospects, estimated to hold 110 tonnes of reserves. Aq Darreh, also in Takab, operates with 2.2 tonnes of gold a year.

With its sprawling petroleum industry under a strict sanctions regime which has cut revenues, the country is beginning to take stock of its other resources and mining is emerging as a new field which Iran can count on for revenue generation.

However, the extractives industry is underdeveloped and mineral products account for only 0.6 percent of the GDP in a country which holds about 7 percent of the worldís proven mineral reserves estimated at 60 billion tonnes, including 68 types of minerals.

That is because oil has been the primary source of foreign currency for decades which has relegated other industries to the fringes.

The mining sector holds a key advantage over the oil industry: it is much harder to sanction the mining industry because of its immense diversity. From extremely sensitive radioactive materials to such ordinary substances as lime, the sector includes as many as 120 elements.

According to Deputy Minister of Industry, Mining and Trade Mehdi Karbasian, there is a great variety of materials in mining sector and the variety of consumers and producers of the materials is much greater than that of petroleum products.

At current rates, Iranís mineral reserves are worth $700 billion, but officials say the real figure is much higher, which will be achieved with more exploration.

Assuming that the value of Iranís mineral reserves is at least $700 billion, their added value would be $4 trillion, Karbasian said in August.

 

LINK: https://www.ansarpress.com/english/20919


TAGS:






*
*

*



SEE ALSO

European support for Israel damaging energy security on the continent, report says


US needs to lift sanctions on Iranís oil for JCPOA to resume: UN chief


Shipping giants suspend journeys through Red Sea as Saudis voice concern


WFP launches emergency program to assist 600,000 Palestinians


US bans trade with 42 Chinese firms


Sanctions made Russiaís economy stronger: Putin


Germanyís economy headed for recession amid support for Ukraine


Saudi Arabia faces budget deficit after expectations of surplus


Billionaire investor Ray Dalio says Americaís growth is at risk of falling to zero


UK recession risk grows with cost-of-living crisis hitting businesses





VIEWED
MOST DISCUSSED




POLL

Modi, Merkel Discuss Afghanistan, Radicalisation And Terrorism

SEE RESULT


LAST NEWS

Federalism in Afghanistan: Opportunities and Challenges

Formation of the Federalist Assembly of Afghanistan

Israel launches missile attack on outskirts of Damascus, killing Syrian civilians

íUK national scandalí: 20,000 mental health patients íraped, sexually assaultedí in NHS care

Three US troops killed, dozens injured in drone attack in Syria

Trump says NATO will not come to rescue if US attacked

Ukraine beset by $40m fraud in arms procurement amid war with Russia

US approves sale of F-16 jets to Turkey after Ankara ratifies Swedenís NATO membership

UNSC to meet to discuss ICJ ruling on Israeli genocide in Gaza

Taliban: Afghanistan Does Not Have Formal Border With Pakistan

Gazaís major health facility collapses amid Israeli attacks: MSF

Americans to redeploy nuclear weapons in UK amid fears of WW3

Biden makes history: 1st sitting US president sued for complicity in genocide

Trump walks out of courtroom during closing arguments of Carrollís attorney

US: 3 dead in shooting at Texas apartment complex

US-UK aggression against Yemen risks expansion of war: Iran

Yemen directly hits US warship with ballistic missile

Hamas has self-reliantly opposed the three giant intelligence agencies of the world!

President Raeisi calls for UN reform, says body unable to end Gaza genocide

Pedram: The Abduction of Hazara and Tajik Women Recalls the Crimes of Abdur Rahman

Special envoys from G7 countries discuss Afghanistan in London meeting

Turkish lawmakers open debate over Swedenís NATO membership

UN agency says over half a million Palestinians face Ďcatastrophic hungerí in Gaza

Palestinian Islamic Jihad: Al-Maghazi operation proved defeat of Israeli regime in Gaza war

European support for Israel damaging energy security on the continent, report says

Pakistan Army Kills Seven ĎTerroristsí Near Afghan Border

Israel kills at least 190 people in Khan Younis in 24 hours

UNAMA report: 49 Hazara community members killed in Afghanistan in three months

Indiaís Modi inaugurates Hindu temple on site of razed mosque ahead of elections

US 2024 election: DeSantis drops out of Republican presidential race, backs Trump

Survivors of Russian charter flight crash transferred to Kabul

Iranís anti-terror strikes Ďclear messageí to certain recipients: Foreign Ministry

Ethnic mass killings in one Sudan city last year left up to 15,000 dead: UN report

Iran says reserves right to avenge Israelís assassination of IRGC advisors

Rocket barrage targets Ain al-Asad base housing US forces in western Iraq

Lebanese media: Israeli drone kills 2 Hamas members in southern Lebanon

Five IRGC advisors assassinated in Israeli aggression on Syria

Pakistan recalls ambassador from Tehran

Iraqi PM stresses to NATO chief ending of foreign troops

UN chief reiterates call for immediate ceasefire in Gaza


MEDICAL NEWS


ANSAR PRESS ©  |  ABOUT US  |  CONTACT US  |  MOBILE VERSION  |  LINKS  |  DESIGN: Negah Network Co.
All right reserved. Use this website by mentioning the source (link) is allowed. ›—ś‘ź«Ś «یš —š ی šŕŠ»šŌ«š