Financial support for mining units is required
Head of East Azerbaijan Industry, Mining and Trade Organization: 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 facing liquidity problems; It becomes.
According to the International Iranian Stone Exhibition, Habib Aminzadeh told reporters: "Considering the importance and position of the mining sector in the economic development of the country and the significant added value and job creation of this sector, the country's banking network should be observed in accordance with applicable laws and regulations." And pay special attention to this sector.
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
