Iran’s IMIDRO raises investments worth over $285M
Baku, Azerbaijan, Sept. 30
By Elnur Baghishov - Trend:
Iran Mines and Mining Industries Development and Renovation Organization (IMIDRO) raised investments worth 12 trillion rials (about $285 million) from the private sector during the first six months of this Iranian year (started March 21, 2019), IMIDRO Chairman Khodadad Gharibpour said, Trend reports referring to the company’s website.
He said that by the end of this Iranian year (March 21, 2020), IMIDRO will commission 33 projects with investments worth $3.9 billion.
He added that implementation of a number of projects with investments worth more than $650 million is underway.
“The projects to be commissioned this year include steel, copper, aluminum, lead, zinc, graphite electrode and infrastructure projects,” he said.
He added that this year, the profit of major Iranian mining companies amounted to 160 trillion rials (about $3.8 billion). According to him, these funds will be used to develop projects in the mining and mining industry sectors of the country.