Banks should accept mining licenses as collateral
The head of the Mining Engineering Organization of Iran demanded the acceptance of the mining exploitation license as an acceptable collateral by the banking system in order to address the concerns of mining activists.
According to the Iran International Stone Exhibition, "Taghi Nabi" at the signing ceremony of the Memorandum of Understanding between the Mining Engineering Organization of Iran and Tejarat Bank at the site of the bank added: It has a full member and two thousand legal members and uses most of its capacities.
He added: "Currently, the exploration sector is considered as the foundation for the development of the mining sector, and if the plan and investment are not done properly, there will be a risk of mining activities."
According to Nabi, today 31 provinces of the country have the organization of the mining engineering system, and the real and legal members have a fivefold growth capacity, which will lead to the expansion of activities.
Recalling the one percent share of the mining sector in GDP, he said: "This share is expected to reach 1.5 percent within the next one to one and a half years, and if the necessary processes are done, the mining sector has the capacity to reach three percent share in production." It has domestic gross.
Nabi pointed out: "Today, the views in the mining sector are different than in the past. It is emphasized to prevent the sale of raw materials and to pay attention to the processing of minerals."
The head of Iran's Mining Engineering Organization emphasized: "Today, despite the restrictions caused by oil sales and the consequences of the Corona crisis, the mining sector can play an effective role in the country's economy in the year of the production leap."
He expressed hope that the signing of a memorandum of understanding with the bank would allow the members of the organization in the provinces to use it for financial support.
According to the statistics of the Ministry of Industry, Mines and Trade, the number of active mines in the country has reached 5,600, and an average of 400 million tons of minerals are extracted annually, of which sixty to sixty-five percent are construction materials.
The Memorandum of Understanding between the Mining Engineering Organization of Iran and Tejarat Bank was signed by Taghi Nabi and Hamid Reza Sharifian, Deputy CEO of the bank.
* IRNA
