Mining Sales Earn $8.7 Billion, Exports Hit $4.8b in 5 Months

Tehran Stock Exchange-listed mining companies had more than 2.76 quadrillion rials ($8.72 billion) in sales during the first five months of the current fiscal year (March 21-Aug. 22), registering a 21% year-on-year rise.

According to data released by Iranian Mines and Mining Industries Development and Renovation Organization, Mobarakeh Steel Company saw the highest volume of sales during the period with 705.49 trillion rials ($2.22 billion), up 31% YOY.  

MSC is the biggest steelmaker in Iran and the Middle East and North Africa region, accounting for about half of the country's steel production.

The National Iranian Copper Industries Company came next with more than 328.84 trillion rials ($1.03 billion), up 26% YOY.