Actions by the Ministry of Industry to carry out the President's mining orders

Actions by the Ministry of Industry to carry out the President's mining orders
  • 2020-07-05
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Following the order of Dr. Hassan Rouhani, President of our country, regarding the liberalization of mines and the possibility of transferring mines to the people through the stock exchange and activation of small mines, a specialized meeting was held for this purpose with the presence of senior managers of related organizations. And trade was held.

According to the Iran International Stone Exhibition, in this meeting, the managers and experts of the Program and Budget Organization, the Ministry of Industry, Mines and Trade, the Stock Exchange and Securities Organization, the Iran Commodity Exchange, the Iranian Organization for Development and Renovation of Mines and Mining Industries (Imidro), The Minerals Production Company, the Geological Survey of Iran and the Mining House of Iran were present. The issue of using the capacities of the capital market in the mining sector was examined from various dimensions.

Also in this meeting, the decision of the High Council of the Stock Exchange regarding the possibility of converting the royalty to securities through the Commodity Exchange, the possibility of using this resolution to convert the exploitation licenses of mines into tradable units in the stock exchange and also providing executive mechanism for supply Inactive mines or stock exchanges were introduced in accordance with the mining law.

The need to liberalize the mining areas at the disposal of the government and ways to use the capital market capacity to attract investment in these areas were discussed and examined. In this meeting, it was decided that a special working group would use the capital market capacities for the mining sector with representatives of organizations. Remember the sixteen formed and the necessary strategies to achieve this important operational.

* Shata