Iran to export 1.1 million tons of iron ore in 2005
Iran will export 880'000 tons of
iron ore worth $30 million to Chinese, Japanese and South Korean companies in 2005. Several contracts have been signed with
Iran Central
Iron Ore Company (Bafg).
Iran will export 240'000 tons of
iron ore to
Japan and the same amount to South
Korea.
China will import 400'000 tons of
iron ore from
Iran.
Iran has already reached an agreement with
Pakistan to export 250'000 tons of
iron ore to that country in the same year.
Under these circumstances,
Iran's
iron ore exports will exceed 1.1 million tons next year.