TEHRAN- The share of mining sector in Iran’s gross domestic product (GDP) will be increased to 1.5 percent in the Sixth National Development Plan (2016-2021) from the current figure of 1.1 percent, Deputy Industry, Mining and Trade Minister Jafar Sarqini told IRNA on Friday.

Mining and minerals sector has all necessary qualities specified by ”Resistance Economy” and is of high value added, the official highlighted.

Industry, Mining and Trade Ministry has adopted the policy of reducing risks for the private sector regarding investment making in the mining industry and it has thriving this sector on its agenda, the deputy minister further stated.

Last May, Mehdi Karbasian, the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), announced that Iran had offered $40 billion in mining projects to foreign investors.

MA