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Iran’s IMIDRO unveils projects open for foreign investment

Business Materials 25 September 2017 23:50 (UTC +04:00)
Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), a major state-owned holding company active in the mining sector in Iran has unveiled list of some projects open for foreign finance
Iran’s IMIDRO unveils projects open for foreign investment

Baku, Azerbaijan, Sept. 25

By Fatih Karimov– Trend:

Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), a major state-owned holding company active in the mining sector in Iran has unveiled list of some projects open for foreign finance.

The list includes various mining sector projects with total investment opportunity of 5500 million euro.

IMIDRO has 8 major companies and 55 operational subsidiaries active in steel, aluminium, copper, cement and mineral exploitation fields.

No.

Project Name

Location

Type(state-run/private)

Product

Capacity

(tons)

Investment

(million euro)

1

Graphite electrode plant

Ardakan, Yazd provice

State-run

Graphite electrode

30,000

258

2

Petroleum coke plant

Arvand Free Zone, Khuzestan province

State-run

Petroleum coke

200,000

950

3

Equipping Parvadeh No.4 Coal Mine

South Khorasan Province, Tabas

State-run

Concentrate coal

450,000

108

4

Persian Gulf’s Alumina Project

Parsian Free Zone, Hormozgan province

State-run

Alumina

1,600,000

850

5

Bouxite plant

Guinea, Conakry

Joint project between the two countries

Bouxite

4,000,000

600

6

Alumina production projects from Nephelyn Syenite ‎

Sarab, East Azerbaijan provice

State-run

Alumina

200,000

850

7

Toroud Brine Exploitation and Equipping Reserves

Toroud, Semnan province

State-run

Potash

Magnesium Chloride

60,000

150,000

104

8

Aluminium smelter unit

Chabahar, Sistan and Baluchestan province

State-run

Aluminium

350,000

1200

9

Aluminium Billet plant

Parsian Free Zone, Hormozgan province

State-run

Aluminium billet

50,000

30

10

Aluminium flat products unit

Parsian Free Zone, Hormozgan province

State-run

Aluminium flat products

160,000

550

Total

5500

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