Saturday, 18 April 2015
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The Moat Foreign Investment on the Way of Mining and Iron Ore Industries
More than half of the expected foreign investment in the last year was allocated to iron ore and sponge iron projects.
According to the IMIDRO’s public relation, referring to the Ministry of Industry, Mine and Trade’s preliminary performance report in 1393 (Iranian calendar year corresponding 2014-2015), $828 million foreign investment was expected to be attracted by 42 industrial, mining and trade projects.
Last year the most foreign investment was allocated to the projects such as iron ore concentrate, pellets, sponge iron, pig iron casting, alloy steel bars and rebars, excluding stainless steel.
It is estimated that $430 million foreign investment to be allocated to sponge iron pellets which is the most approved investment. The Kordestan province was approved to attract the most estimated foreign expenditures.
