Attempts to rehabilitate 20% of inactive mines

Attempts to rehabilitate 20% of inactive mines
  • 2020-10-10
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Deputy Minister of Mines, Industry, Mines and Trade: In the executive plan of the mining sector this year, one of the most important cases is the activation of 20% of inactive mines in the country, and in this regard, reviewing problems related to the issue has been included in the agenda.

According to the Iran International Stone Exhibition, Dariush Esmaili, Deputy Minister of Industry, Mines and Trade, said: "All these activities are in line with the implementation of the Supreme Leader's decree on the need to replace mining revenues as one of the most important economic sectors for oil revenues." Done.

He added: "According to studies, more than 26% of the reasons for the closure of mines in the country are needed due to lack of liquidity and injection of financial resources."

Ismaili continued: "A tripartite memorandum on granting mining facilities will be signed with the participation of the Deputy Minister of Mines and Mining Industries of the Ministry of Industry, the Bank of Industry and Mines and the Mining Activities Investment Insurance Fund, with the aim of accelerating and strengthening development measures in the mines and industries." It is the mineral of the country.

He specified: in this memorandum, all three areas of exploration, extraction and processing have been considered and over 6 thousand billion Rials have been foreseen for the payment of facilities.

Ismaili emphasized: "According to the measures taken to inject financial resources into the mining sector, there is no problem, and in this regard, the required bylaws and regulations have been compiled and the conditions for applying for facilities have also been prepared electronically."

He said: "This year, in addition to the program of rehabilitation of inactive mines, the development of the extraction program and increase of products and processed products of the mining sector with the aim of preventing crude sales is on the agenda of the Ministry of Industry, Mines and Trade."

Deputy Minister of Mines and Mining Industries of the Ministry of Industry, Mines and Trade stated: Granting easy access facilities in the sector of mines and mining industries is one of the main goals of the Supreme Council of Mines and in this regard in two forms of 6 thousand billion rials and 30 thousand billion Facility Rials is provided.

He added: "Due to the increase in the capital of the Mining Activities Investment Insurance Fund to 500 billion Tomans and the possibility of issuing guarantees up to 3,000 billion Tomans, very good conditions have been provided for granting facilities in the mines and mining industries of the country."

He added: "One of the special benefits of the projected facilities is that there is no need to provide collateral outside the project, and the mines themselves can be introduced as collateral for the facilities with the evaluation and are mortgaged by the Mining Investment Insurance Fund and guarantees." Necessary to receive the facility.