Why Iran

  • Iran ranks amongst the most mineral rich countries of the world and this sector contributes to around 4% to the state GDP. It is regarded as one of the booming industry contributing to economic development of Iran due to availability of its vast mining resource in Iran.
  • 7% of Mining Reserve of the world (37B Ton Proven reserve) and a value of 700 B$, Iran is one of the richest countries in the world of mines, holding some 68 types of minerals. These include Coal, Iron Ore, Copper, Lead, Zinc, Chromium, Barite (6th largest producer), Salt, Gypsum, Molybdenum, Uranium and Gold.
  • The government plans to attract up to $50 billion foreign investment for the mining sector by 2022 within the framework of its Sixth Five-Year Development Plan (2017-22) which brings increasing potential in mining industry.
  • Post the easing of sanctions in January 2016, Iran has become one of the most preferred trade partner in almost all industries, especially in the mining sector.
  • This conference would act as a platform for all the stakeholders to have open discussions regarding upcoming developments in mines and mineral exploration sector.