Iran, with over 57 billion tonnes of possible mining reserves, 37 billion tonnes of certain mining reserves and 68 different types of minerals (such as oil, natural gas, iron, copper, chromite, zinc, gold, salt, coal, precious stones, and others) can be a target for investment in the mining sector. But unfortunately, mining and mineral industry has not been the center of attention in the last decades compared to the countries with the same level of reserves as there is a slow progress in the mining activities of this country. While investment and operation in this sector can bring so much of value added and increase the non-oil exports.

The chart above shows the top 10 mineral producers in the world and Iran holds the 10th place in this ranking. But as can be seen, the mineral-fuels like oil and natural gas outweigh the data of other minerals like iron and metals which is our most place of interest. So, in the next chart, we just focus on the iron ferro-alloys, non-ferrous metals and industrial minerals and we observe that in the nonfuel minerals, Iran is the 9th biggest producer in the world.

Iran stands amongst the top producers while it is obvious that this country is far beyond other countries in efficiency and proficiency in the field of mining development and investment. This suggests that by allocating more budget in this field, updating methods of exploration, extraction, operation and by reconsidering the rules and regulation of the country, higher ranking in the group mentioned above is achievable. Probably, taking a deeper look into the policies and methods of countries such as Brazil, India and South Africa may guide us to better position in mining and minerals.

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.