Holding 600 training sessions for private sector miners
Head of Iran Mining Engineering Organization: The most important step to strengthen small mines is to strengthen the investment fund of mining activities because banks do not accept mining licenses as guarantees.
According to the Iranian Stone Exhibition, at a conference on the restoration and development of small mines, the head of the Iranian Mining Engineering Organization, referring to the state's mining rights, said: "These rights are to support the mining industry in the country, which is also a part of research and development." The organization is able to spend up to 5% of state-owned mines on research and development in the field through contracts with universities and research institutes.
Ismaili added: "We have also signed a memorandum of understanding with Imidor to hold 600 training courses for private sector miners in the country. These classes will take place this year. To take charge.
He added: "The most important step to strengthen small mines is to strengthen the investment fund of mining activities because banks do not accept mining licenses as a guarantee.
Also at the conference, a trilateral agreement was signed between the Bank of Industry and Mine, the Mining Investment Fund and Impasco to finance the development of small-scale mines.
The banking system has no capital to provide liquidity
On the sidelines of the memorandum, Asgari, a member of the board of directors of the Bank for Industry and Mines, pointed out the importance of financing the mines. That number in the world is ultimately 20 percent.
He continued: "Banks are being pressured to increase the amount of working capital granted to manufacturing units due to rising dollar prices, but the point is that there has been no cash increase in banks that can provide facilities there." We need to look for another way to raise funds because the banking system is no longer accountable.
Asgari reiterated: Banks are making minimal investment in this sector because of their lack of knowledge of the mine. The banking system is reluctant to pay for the purchase of machinery, so activists can lease the machine. While modeling public partnerships and connecting capitalists with miners are other ways that can help provide liquidity in this area.
