Delivering new mineral zones to the private sector

Delivering new mineral zones to the private sector
  • 2019-12-09
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Imidro Chief Executive Officer: The explored zones are transferred to the private sector in accordance with Article Thirty-Five of the Barriers to Production Act.

According to the International Stone Exhibition of Iran, Khadadad Gharibpour stated during a meeting of Imidro's Deputy Council of Representatives: “The organization is making serious discoveries and trying to make sure that there is no undiscovered area in the country.

He added: "To carry out the 400,000 kilometers of exploration, active committees have been activated and regular planning has been done between Imidro, the National Copper Company and the Mining Company." "Fortunately, the current discovery process is satisfactory," Gharibpour said.

Imidro's Chief Executive Officer, stating that Imidro's commitments to open $ 3.5 billion for the mining and mining industries by the end of this year, said: "So far, one billion and one hundred and sixty million dollars of projects, including Jajarm aluminum, direct tissue restoration, Sulfuric acid and so on.

He added: Among the projects to be inaugurated are the Southern Aluminum (Salco) production plan, Gherzlam pellet, Khatunabad smelting, Persian Gulf water transfer to Southeast Industries and Mobarak steel ore concentrate.

Chairman of the Board of Directors Imidro emphasized: The project monitoring committee in this organization, regularly holds and conducts eighty projects monthly.

Threefold increase in insurance fund capital

Gharibpour said the Mining Investment Fund, the Coordination Council and the Mining House (as the executive arm) are working on the plan, saying the revitalization, activation and development of small scale mines have found their way.

He added: The capital of the investment fund of mining activities has increased from 100 billion toman to 300 fifty billion toman and is in the legal process.

Gharibourpour added: The fund-raising measures for the fund will start at 500 billion tomans soon, which will multiply the fund's workload.

Imidro's Chief Executive Officer said that one of our priorities along with social responsibility, attention to safety, health and environmental protection of mines, said: This area is crucial in Imidro subsidiaries and it is essential that the authorities in this sector, through planning, management Continuous training, training and selection of specialists reduce injury to the minimum possible.

He added: "We will soon form a mine safety committee to develop the necessary programs to reduce the incidence of mines."

Gharibpour said the Sarcheshmeh Copper Sulfuric Acid Project, which invested $ 100 million, was a purely environmental project recently launched by the president in Kerman.

The head of Imidro's executive committee on the transfer of health, safety and environmental mines to specialist companies said: "Based on the experience gained in Sirjan mines, the above issues will be entrusted to specialist companies in the mines.

Gharibpour noted: This action will hinder the development of the organization, while specialist contractors will be attracted to the sector.

He added: Imidro's management is providing the necessary support to increase the average performance score of its subsidiaries from the current 15% to 30%.

Gharibpour pointed out that despite the international sanctions, the mining and mining industry has been a leader in production and export.

HSEE performance growth

Amir Valdekhani, Imidro's Director of Health, Environment and Energy Safety, also said at the meeting that Imidro's HSEE was launched in 2003, saying: "It is the only system in the field that has done great work so far. done.

He added: "In the safety, health, environment and energy system, we do the baseline survey work, and based on this information and policy, we develop programs."

Volodkhani pointed out: According to the performance evaluation plan of Imidro HSC during the year 1397, about seven and twenty two percent of units are good, forty-six and thirty-four percent of units are moderate, thirty-nine percent of units are weak and seven and thirty-two percent are very high. They have been weak.

He continued: "HCA's review of units over the past three years shows that at a moderate level, we have had very good growth." This indicates an improved performance of HSS in the organizational structure and management of the complex.

Imidro's director of health, environment and energy safety noted: We have also improved in the weak and very weak sectors, meaning that we have grown from poor to moderate.

He continued: Targeting 15% annual growth in average performance growth we had two hundred and five points in 1397 compared to 1396 growth that happened above 15%.

Weldkhani said the qualifications of the HSE employees in subsidiaries were about fifty-four percent bachelors and above and the rest were under-bachelors.

Introducing 1,150 small mines to provide infrastructure

In another meeting, Imidro's chief of staff, while announcing that the organization is seeking to facilitate private sector affairs in the small-scale mining project, said: "In the above plan, one hundred and fifty-four mines will be provided in the form of one hundred and fifteen infrastructure projects. Attention.

Khodadad Gharibpour, speaking at the "Mining Thinking Room" meeting, added: "In the part of Structural Measures for Small Scale Mining with the help of Iranian Mining Production Company, removing barriers and administrative problems, financing, creating and developing mineral products market Legal and advisory attention.

Referring to the participation of universities and science centers in the project, he said: So far, 14 investment agreements, seven research and educational agreements, five financing agreements and two start-ups have been signed for the development of small mines.

Imidro's Chief Executive Officer referred to the implementation of measures to revitalize, activate and develop small-scale mines: four thousand four hundred and ninety-six inactive mines have so far been identified, of which two hundred and seventy-six are in the form of two hundred and fifteen The project was reviewed.

Gharibpour continued: In this plan, clinical action was carried out on two hundred and fifty mines in the form of seventy-two projects, of which a total of forty-two mines have been revived in the form of twenty-eight projects.

Solution to the problem of financing

Following on from the meeting, the Director of Investment Development of Mines and Metals emphasized the serious activity of the complex in the field of infrastructure, emphasizing the continuation of the development process, taking into account the potential of the complex and the interests of shareholders.

Azizaleh Assari added: "With the great knowledge, ability and experience we have in Holding we have seen good success in this collection.

He also pointed out the necessity of determining the exchange rate assignment (loans from Development Fund and banks), adding that if the exchange rate is calculated on a daily basis for the producers, the companies will be harmed and this is in line with the country's overall policy of producing boom. It will not be proportionate.

Managing Director of Mines and Metals Development, financing is considered one of the main problems in the industry, adding: One of the best ways to attract the liquidity needed to produce is to have a reputable company specialize in corporate ratings. It is unreasonable for banks to look at corporate, prestigious and reputable corporations in terms of lending and credit facilities, and the current rules and restrictions are the same for both groups.

Assari also provided explanations for the electricity supply needed by industries during the summer of next year.

Mining and Metals Development Investment Director on Consequences of Increase in Export Minerals Tariff Rate said: This increase of tariffs, although partially removes the problems of supplying raw materials to steel, however, the export markets of these products especially in low-grade rocks of the country. Has trouble.

"Naturally, when exports fall or fall, our fixed buyers turn to other suppliers, and even with subsequent revisions in tariff rates, it will simply not be possible to restore markets to their former status," he said.

As we can see, India has expanded its iron ore export line to China and the Indian government, despite its stringent customs regulations and tariffs, has at least cooperated with its exporters in exporting lower grade ores.

* Mining days