TEHRAN, Iran, November 5. The Iranian government has offered 30 trillion rials (about $7 billion) advances to support production units via supply chain finance, said the Minister of Industry, Mine and Trade Reza Fatemi Amin, Trend reports citing IRNA.
He underlined that domestic production of mining machinery had increased 100 percent in the first half of the current Iranian year (started March 21, 2022).
The ministry has assigned 5,300 mining opportunities via tender, he said adding that 10,000 other mining opportunities will be put out to tender in February.
Fatemi Amin noted that the capital in Mining Investment Insurance Corporation would be raised to support the mining sector and offer resources for mining activities.
The official has also indicated 30 percent of the country’s production units require investors to revive inactive units.