A memorandum of understanding was signed to help with the mining projects
The Mining Investment Insurance Fund has concluded a tripartite memorandum of understanding to implement the technical and credit assistance scheme for mining, non-governmental and related industries.
According to the Iran International Stone Exhibition, in order to implement the plan to provide technical and credit assistance to mining and non-governmental projects and related industries, tripartite agreements have been concluded between the Ministry of Industry, Mines and Trade, the Planning and Budget Organization and the Mining Investment Insurance Fund. According to this agreement, technical and credit assistance will be granted to applicants for non-governmental mining projects introduced by the grantor of the credit and with an exploration or exploitation license, with the guarantee of credit insurance policies issued by the insurance fund.
It was also decided that before the implementation of this agreement, a separate memorandum of understanding will be concluded between the Bank of Industry and Mines and the Mining Investment Investment Insurance Fund. This memorandum has already been concluded in another way with the Bank of Industry and Mines, which has now been strengthened to facilitate the miners' access to banking resources.
According to the Mining Investment Insurance Fund, this fund is one of the main pillars of this plan and these agreements will be among the requirements to advance the goals in the field of financing.
* ISNA
