Attracting more than twenty-six thousand billion tomans of private sector capital for the development of the country's mines

Attracting more than twenty-six thousand billion tomans of private sector capital for the development of the country's mines
  • 2020-05-19
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Over the past few decades, the mining sector has played an important role in GDP, although the pressure of sanctions has made it difficult to access modern technologies in the mining sector. Fortunately, the country's private sector has both commitment and expertise to overcome these conditions. It has authority.

According to the International Iran Stone Exhibition, with the investment of the private sector, the role of mining in GDP will improve and in the year of production leaps, the mining sector, using private capital, will move more rapidly to employment and value added for the country.

The public relations department of Iran Minerals Production Company said in a report that the Impasco strategy is in line with the use of mineral potentials in the private sector, adding that in order to achieve the major goals of the mine and attract private capital in the implementation of projects Since 2016, twenty-six thousand five hundred billion tomans of Imidro and Impasco projects have been transferred to the private sector under the management and supervision of Iran Minerals Production and Production Company.

The report cites twelve outsourcing cases, including Hyrd Gold, Potash Khor and Biabank Complex, and part of the Janja Mine last year through the Iran Minerals Production Company: During this period, more than eighty meetings with investors Domestic as well as ten foreign investment teams from China, Tajikistan, Iraq, Georgia, etc. have been held and five thousand billion tomans of the project has been provided to the private sector under the management and supervision of Impasco.

It is worth mentioning that Iran Minerals Production and Production Company intends to be a reference mine in exploration, efficient in extraction and processing and innovative in the development of minerals in the country through the 1404 horizon through increasing cooperation with the capable private sector.

Emphasizing the use of all the potentials of the private and public sectors in activating the country's mineral capacities, the report states that the Impasco Group's efforts are based on continuing the memorandum of understanding and cooperation between the private sector and the company this year.

The report by the Iran Minerals Production and Public Relations Company also states that the mining sector has played an important role in GDP over the past few decades, although the pressure of sanctions has made it difficult to access modern technologies in the mining sector. It has both the commitment and the expertise to overcome these conditions, and Impasco has put cooperation and the use of professional and financial capacity of the private sector as a strategy in front of it.