Iran's industrial and mining sector experienced 18% growth in the first six months of the current Iranian year (started March 21) compared with the preceding year's corresponding period, says Industries, Mining and Trade Minister Reza Rahmani.
Addressing the inaugural ceremony of a copper concentrate production plant in northwest Iran, Rahmani explained that the production of crude steel, finished steel, cement and glass saw a respective growth of 6.5%, 9.1%, 6% and 13% during the same period under review, IRNA reported.
The minister's comments come as top officials speak of economic recovery these days, as the detrimental effects of US sanctions against Iran are said to be dying down.
"Macroeconomic indicators suggest improvement. Reports from every single enterprise confirm this issue," said First Vice President Es’haq Jahangiri recently.
Iran’s Acting Industry, Mining, and Trade Minister Hossein Modares Khiabani said the ministry has it on the agenda to export $41 billion worth of non-oil commodities in the current Iranian calendar year (March 2020-March 2021).
Some 196 industrial, mining and trade projects worth 230 trillion rials (about $5.48b) went operational throughout the country since the beginning of the current Iranian calendar year (March 20) up to June 16.
Iran’s deputy finance and economic affairs minister said that offering of shares through the country’s second exchange-traded fund (ETF) will be started during the current Iranian calendar month (June 21-July 21).
Iranian Energy Minister Reza Ardakanian announced that projects worth 90 trillion rials (about $2.14 billion) have been already inaugurated in the water and electricity sectors of the country in the second phase of the A-B-Iran program, IRNA reported.
Iran’s Incheboroun railway border crossing with Turkmenistan was reopened after four months on Tuesday evening as a cargo train carrying 30 wagons of cement consignment for export to Turkmenistan left Iran, the spokesman of Islamic Republic of Iran Customs Administration (IRICA) announced.
The board of directors of B2Gold (TSX: BTO) on Friday approved a cash dividend for the second quarter of $0.02 per share, up from its previous quarterly dividend of $0.01 per share.