The rate of attracting foreign funds for capital projects in the Eleventh Government (2013-2017) was 11 billion and 800 million dollars, managed for 36 projects. The full allocation of the facilities will gradually be undertaken during the period of projects implementation.
According to the Central Bank of Iran, the criteria for the provision of these statistics in all three governments (ninth, tenth and eleventh) are the same. Hence, it is equal to the amount of opened LC for governmental and non-governmental projects. The opened LC in Ahmadinejad’s first government was $3.4 billion for 89 projects. In the Tenth Government (Ahmadinejad’s second term), it was $3.9 billion for 29 projects. In the Eleventh Government (the first presidential term of Rouhani), it was $11.8 billion for 36 projects.

Keyvan Jafari Tehrani, member of the Board of Directors and Chairman of International Affairs in  Iron Ore Producers & Exporters Association of Iran (IROPEX), has numerous records in business and international affairs for the past three decades. This article reflects his opinion on Iran’s position in the field of mining as well as the country’s domestic and international status.
Hence, the exploration, extraction, production, processing, and export of minerals are not addressed adequately as the sector deserves.The best place that can be achieved by Iran in the production and processe of minerals is the tenth at the world level. However, it is not even among the first twenty countries concerning production.


Iron ore concentrate, with 32.59mt, had the biggest share in Iran’s mineral production registering a 26.31% growth.
According to a report published by Financial Tribune based on the statistics provided by IMIDRO, more than 310.7mt of mineral products were produced in Iran in the last fiscal year (ended March 20, 2017).
With over 37bn of proven and 57bn of potential reserves, Iran is home to 68 types of minerals including large deposits of coal, iron ore, copper, lead, zinc, chromium, uranium and gold.



Being born in the furnaces of Esfahan Steel Company (ESCO), Iran’s steel industry incepted its operations since the beginning of 1970s and enjoyed the support provided by Bafgh iron ore mine in Yazd province, as well as Zirab coal mines located in Mazandaran province.In the following decades, new steel projects joined the production cycle in succession.
Although new and leading mines such as Chadormalu (Yazd) and Gol-e-Gohar (Kerman) joined the producers of iron ore in the 1990s, the imbalance in the production of steel or iron ore have caused some chaos in both local and overseas markets.

Given the explorations in the preceding decades as a result of operations undertaken between 1920s and 1970s, as well as a boost in steel production, Iran stood at 10th (based on the statistics published by Statista) and 14th rankings (reported by World Steel) in terms of iron ore reserves and steel producers in 2015.
The balance plan and the growth of steel production have been pursued determinedly since the half of the past decade and the private sector played a significant role in this regard. Likewise, a great number of foreign investors displayed a growing willingness to participate in mining and industry projects under JCPOA. The results are expected to be achieved in coming years.
To forecast the infrastructures for production and consumption of iron ore, iron ore concentrate, pellets, sponge iron and crude steel, the investors in this sector seek a development prospect on the basis of a coordinated, balanced and comprehensive plan.

The development plan of Iran’s mining sector has come alive since early last decade as a result of significant increase in the consumption and price of minerals in the global market, followed by a boost in Iran’s economy.
The market previously dominated by other industries suddenly faced the emergence of rich mining companies such as Gol-e-Gohar Iron Ore and Chadormalu Mining & Industrial Co., turning into the indicators of the mining sector.
Some of the development plans were undertaken by these two companies, along with other old and new companies operating in this field, leading to the growth of private companies in the engineering and contracting areas and even birth of new metal producers in the country.
Some of these companies managed to play a significant role in the development and capacity building. Fakoor Sanat Tehran Company (FST) CEO Mohammad Vahid Sheikhzadeh outlined the company’s position, as well as its role in adding to the capacity of iron ore production in Iran. Meanwhile, he underlined the demands of the mining sector outlined in Iran’s outlook 2025.
Since last decade, Iran’s mines and mining industries sector has tended to attract investment in infrastructures and create new production capacity.
Realization of 55 million tonnes crude steel capacity seeks a great deal of attempts by all involved in mine chain.
Accordingly, FST holds a role in the development of mineral processing and is looking forward to collaborate in setting up steel plants to meet the expansion plans.
“FST has started operation since 1993 through the design and manufacturing of the magnetic equipment and systems. The aim of the company was to design, produce and supply various products to steel, minerals and processing industry market, providing the company with export opportunities,” Sheikhzadeh noted.