Of the $620 million worth of Iran’s constructional exports in the past Iranian calendar year (ended on March 19), just $1.5 million has been to Africa.

Gharibpour called for cooperation with the Australian side in various areas including training, exploration, extraction, and new technologies, IRIB reported.

The project will soon start using a government loan from the Russian Federation.

Iran's Deputy Industry, Mining, and Trade Minister Saeed Zarandi announced the establishment of 10 investment holding companies in the industry and mining sectors in near future, IRIB reported recently.

The ministry’s seven main axes of the surge in production are going to be pursued under 40 major programs.

Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has been playing a significant part in the mentioned planning.

Iranian steel producers exported 2.358 million tons of steel ingots and products during the first six months of the current Iranian calendar year (March 20-September 21), IRNA reported.

This trend is expected to persist in the medium term, whereby domestic steel mills will directly benefit, VDSC said.