Thirty-six percent of the country's profits from mining

Thirty-six percent of the country's profits from mining
  • 2019-11-03
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Deputy Minister of Industry, Mining and Commerce: The market value of the mining and mining industry has reached $ 270 billion.

According to Iran's International Stone Exhibition, Khadadad Gharibpour, speaking at the 15th Kanmin Exhibition (2019), added: Imidro has added 400,000 square kilometers to the country's exploration zones.

"With the support of the Minister of Industry, Mining and Commerce, as well as the Deputy Minister of Mining, we have delivered the zones in thirty provinces," he said, adding that the organization has now targeted 600,000 square kilometers of exploration.

"We are looking to bring in new equipment and equipment for the field," said Imidro's chief operating officer, noting that we will develop exploration in large mines like Sangan.

Gharibpour said Imidro wants to activate all the exploration zones in the country.

He said: By the end of year 3, we will have about $ 16 billion.

Gharibpour continued: Mining and mining accounted for thirty-three percent of non-oil exports during the first five months of this year.

Chairman of the Board of Directors Imidro added: 26 billion dollars has been the share of this field in export. That means that for every three dollars, there was one dollar a share.

In another part of his remarks, referring to the significant share of mining and mining industries in the stock exchange, he said that the market value of the mining and mining industries has reached two hundred and seventy billion dollars.

He also added that 25% of the capital market share and thirty-six percent of the country's profits are in the mining and mining industries.

Gharibpour said that we increased the credit of infrastructure development by four times this year, adding: "Eleven trillion Euros are needed to invest in infrastructure." Imidro has partnered with large companies to develop the infrastructure.

He added: Oman's water transfer to the east of the country, construction of the Torbat-e-Heydariyeh road to Sangan and construction of the Bafgh-Yazd railway are among Imidro's participatory measures in infrastructure development.

Deputy Minister of Industry, Mining and Commerce said: "At Imidro we will benefit from the profit potential of large companies in developing the sector.

Gharibpour went on to say: National Copper and Mobarak companies sold as much as last year's total sales during the first six months of this year.

He emphasized that corporate profits should be invested in development. The message is to inform the country that the mining and mining industries are spending their resources on developing the country.

Gharibpour said that as companies move to defining new projects, this year up to three million tonnes will be added to the country's steel capacity and production will reach around 28 million tonnes.

Imidro's chief of staff, referring to Imidro's support for value-added projects and ideas in the mining and mining industries, said: "In the science and technology sector, Imidro has considered working with Tehran, Sharif and Amir Kabir universities.

He added: "In the new year, new sections will be added to the Inuit Specialized Festival in collaboration with Unidro."

Gharibpour said: "At this festival, ideas are presented to demand companies.

Imidro's chief executive pointed out that Imidro has backed nineteen research projects with the contract, adding that this year, research and education funding has increased by fifty-six percent, respectively.

He added: "Eighteen agreements on education and technology have been signed."

"We are determined to work with companies to build machinery after we build parts," said Imidro's chief operating officer.

Gharibpour added: "Policies need to be long-term for the investor to have a clear perspective."

He added: "In light of the expensive currency, exports are a concern. During the first six months of this year, we saw an increase of thirty-six percent in exports.

Imidro's chief operating officer announced that more than 700,000 direct jobs have been created in the sector: Imidro has contributed to the private sector in many respects and certainly has the most impact on the "production boom" and It will have "inclusive employment".

* Ilna