Iran has discovered a new iron ore mine in the central city of Yazd, estimated to hold 2 billion mt of reserves with iron content of 70 percent, according to a report from Iranian international news network Press TV.
According to Press TV’s statement, Director General of Industry, Mine and Trade of Yazd Province Mohammad Reza Alamdar-Yazdi stated in a news conference that the mine is unique in the world in terms of reserves and iron content and added that, altogether, 90 percent of Yazd province is a mineral-bearing area, where 28 promising and significant areas have been explored so far.
The news agency also stated that Iran possesses seven percent of the world’s total mineral reserves worth about $700 billion, including the world’s largest deposits of copper, zinc and iron ore, but officials say this figure could rise to $1.4 trillion with new discoveries. The provinces of Kerman, Yazd, East and West Azarbaijan and Golestan bear much of the country’s mineral reserves.