Financial support for mining units is required
The head of the East Azerbaijan Industry, Mining and Trade Organization stressed the need for financial support for mining units, saying: "Observance of the following note of Article 9 of the Mining Reform Law approved by the Islamic Consultative Assembly by banks and financial institutions, leads to the activation of at least 30% of mines Are facing liquidity problems; It becomes.
According to the Iran International Stone Exhibition, Habib Aminzadeh stated: "Considering the importance and position of the mining sector in the country's economic development and the significant added value and job creation of this sector, the country's banking network should pay special attention to the rules and regulations." And have a special focus on this section.
He continued: "According to the note of the mentioned article of the law, financial institutions such as banks are obliged to accept mines with exploitation licenses as collateral and guarantee the payment of financial facilities."
He added: "Only miners have exploitation licenses that are issued as an official government document by the Industry Organization and according to the law can be provided to banks as a guarantee for receiving facilities from the mining industry."
Aminzadeh noted: "According to estimates, with the support of banks and financial institutions, investment opportunities in the mining and mineral industries will grow by 30%."
According to this report; In East Azerbaijan, various minerals of gold, copper, iron and non-metallic diatomite, industrial soils, vermiculite, decorative stones, igneous stones, sand mines and carcass stones are being extracted.
* ISNA
