Iran to invest $3.5B in mine and industrial sector
Tehran, Iran, Sept.21
Iran plans to invest more than $3.5 billion into mine and mineral industries sector in the current Iranian year (started March 21, 2019), while $309 million have been already provided by private sector, said Deputy Minister of Industry, Mine and Trade Khodadad Gharibpour, Trend reports citing IRNA.
He said the project is to be implemented via partnership of the country private sector and the Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO).
"The plan is to revive small mines in all provinces with the support from the private sector. For IMIDRO, the priority is exploration," he said.
"The exploration plan will be implemented by IMIDRO and a consortium of big mine companies in cooperation with the Ministry of Industry, Mine and Trade will cooperate on this," he added.
"Investment is the second priority for IMIDRO. Investments from large companies in the mine and mineral industries sector will facilitate expansion of the industry," he said.
According to Gharibpour, the Iranian Mines & Mining Industries Development & Renovation is responsible for the implementation of 72 roadmaps in the mine and mineral industries sector.
"IMIDRO has launched 19 projects in the sector worth more than $2 billion last Iranian year (started March 21, 2018), which created 3,600 direct and 22,800 indirect jobs," he said.