Iran's IMIDRO talks achievements, announces its next '12 months plan'

Business Materials 6 March 2019 11:40 (UTC +04:00)

Tehran, Iran, March 6


The chairman of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced the new approaches of organization in the areas of human resources, financing, cooperation with the private sector, exploration and education.

"Given the external barriers and the problems arising from the US sanctions, more interaction should be created between different sectors to provide the necessary solutions,” Khodadad GharibPour said.

He made th remarks at the gathering of IMIDRO's directors, commenting on the approach and agenda of the organization for the next Iranian year (Start on March 21, 2019).

“Since the beginning of this year, more than $2.2 billion worth of projects have been put into operation, and in the coming year, we have a program to launch more projects worth $3 billion,” he said.

The chairman of IMIDRO said that the manufacturing sector has faced a two-digit growth, which has resulted in the increase of 32 percent in pellet production and 21 percent in iron ore concentrate production.

“More than $7 billion worth of mining products have been exported abroad,” he noted.

GharibPour indicated the importance of this area in the economy and said that exploration is the priority of this industry for the next Iranian year.

“The exploration has been implemented with the participation of the private sector in the form of consortia,” he said. “Some $12 billion was spent on human resources training, while in this field more than $50 billion have been spent since 2015.”