Molybdenum Deposits Found In Iran

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Molybdenum Deposits Found In Iran

A molybdenum deposit, weighing around 21.7 million tonnes, has been discovered in Xinhua, Iran.

In January, mine and trade minister Mehdi Ghazanfari said “Iran’s existing mineral reserves would sustain for 140 years if 400 million tonnes of the reserves were extracted annually”.

He claimed “the potential mineral reserves in Iran were estimated to be 57-58 billion tonnes, of which 37-38 billion tonnes have been proven”.

“Iran’s discovered mineral reserves are valued at over $770 billion” said Ghazanfari.

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