The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that the country exported more than $7.4 billion worth of mining and mineral products in the period, registering a 38 and 7.5 percent increase in weight and value respectively compared to the same period of last year.

The report said that major domestic companies in the mining and mineral industrial sector exported more than 35 million tons of minerals, valued at more than $7.42 billion, to different world countries in the period under review.

The main exported products included steel, copper, zinc, aluminum, iron ore, coal, and cement. The report said that Iran exported more than 6 million tons of steel products and over 175,000 tons of copper and downstream products in the period.

The report also noted that mining and mineral companies of the country had exported over 26 million tons of minerals, valued at more than $6 billion.

Iran has the world’s largest reserves of zinc and the second-largest reserves of copper. It also has significant reserves of iron, uranium, lead, chromite, manganese, coal, and gold.

Iran has been developing its mining and mineral industries in recent years by investing in new projects, expanding existing facilities, and enhancing its technological capabilities.

The country aims to increase its mining and mineral exports to $10.5 billion by the end of the current Iranian year.