TEHRAN - Iran is lagging behind in the global mining landscape due to its minimal presence in overseas mining operations, a weakness that could prove critical in today’s shifting geopolitical and economic climate, warned Mohammadreza Bahraman, Vice President of Iran’s Chamber of Commerce and Head of the Iran Mine House.

TEHRAN - The head of Iran’s Mines and Mining Industries Development and Renovation Organization (IMIDRO), Mohammad Aghajanlou, announced the formation of a joint committee between Iran and Russia to implement a cooperation agreement on mining and mineral industries. The committee will include representatives from Iran’s Ministry of Industry, Mine and Trade, IMIDRO, the Geological Survey and Mineral Exploration Organization of Iran, as well as Russia’s Zarubezhgeologia company.

An official at Iranian Mining and Mining Industries Development and Renovation Organization (IMIDRO) said that the country exported more than $13.6 billion of minerals in the previous Iranian calendar year (ended March 21, 2024).

Iran exported 35.87 million tons of minerals and mining products worth over $7.4 billion in the first seven months of the current Iranian calendar year (March 21-October 22), registering a 7.5 percent increase year on year.

During a meeting between Iran’s Industry, Mining and Trade Minister Abbas Ali-Abadi and Oman’s Energy and Minerals Minister Salim bin Nasser Al Aufi, the two sides stressed the need to expand and strengthen cooperation in the fields of industry and mining.

Head of Iran Chamber of Commerce, Industries, Mines and Trade (ICCIMA) Gholam-Hossein Shafei in meeting with Director General of Tanzania Trade Development Authority (TanTrade) Latifa M. Khamis said the basis is provided for the expansion of economic cooperation between Iran and Tanzania in various fields including agriculture, mining as well as technical and engineering services.

Head of the Iran-Brazil Joint Chamber of Commerce says Iran and Brazil have started their cooperation in mining sector, adding that export of fruits to Brazil will also start soon.

Iran exported around $9.489 billion of mining products in the first nine months of the current Iranian calendar year (March 21-December 21, 2021), registering an increase of 90 percent year on year.

Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Vajihollah Jafari announced that 30 projects worth $1.916 billion in the mines and mining industries will be inaugurated across the country by the end of the current Iranian calendar year (March 20, 2022).

The first meeting of an Iran-Serbia energy and mining working group, which has been established under the framework of the two countries’ Joint Economic Committee, was held through video conference on June 30.