Establish a specialized committee to finance small mines through the stock market
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The Executive Director and Secretary of the Coordinating Council for the Rehabilitation, Activation and Development of Small-Scale Mines announced the formation of a specialized committee to review the financing of small mines through the stock exchange.
According to the International Iranian Stone Exhibition, Seyed Reza Azimi stated: "We are examining the appropriate strategies for using the stock market tools to finance the revitalization, renovation and development of small mines, and we hope to use the available resources and the strength of the stock market." It funded inactive and stagnant mining.
He continued by saying that this action is being pursued with the focus on Iran Mining House, Iran Chamber of Commerce and stock exchange officials. Clearly, employment and production in less developed areas, as well as wealth creation, economic growth and social justice, will be provided in the country.
* Concluding a memorandum of understanding with large mining companies
The Executive Director and Secretary of the Coordinating Council for the Rehabilitation, Activation and Development of Small-Scale Mines, referring to other financing strategies, said: Gol Gohar Industrial, Chadormelo Mining and Industrial, National Copper Industries of Iran, Khuzestan Steel) and Investment Insurance Fund are mineral activities.
He continued: "This is a new initiative to use the credit of those companies to finance and guarantee it by the Mining Investment Insurance Fund." One of its strengths is the connection between the miner and the mineral consumer, with 100 percent reliance on the private sector without the need for government funding.
Azimi pointed to the identification of mineral consumption industries as one of the methods of financing this project, and specified: in this project, industries that consume the main feed of special mines have been identified and through this, participation and financing will be done.
He added: "So far, more than 100 applications have been registered in the registration and readiness plan."
* Mining partners with active mining companies and financing companies
The Executive Director and Secretary of the Coordination Council for Rehabilitation, Activation and Development of Small-Scale Mines, referring to the partnership of miners with active mining companies and financing companies, said: "This method is the simplest solution in financing the mining sector and There are plans for individuals and legal entities to invest their financial resources in this sector and to protect the security of investors.
He added that in this way, complex processes and administrative and organizational constraints will be reduced and financing in all sectors of the mining process, including working capital, will be possible in a shorter time.
* Fars
