Triple the value of mineral insurance policies

Triple the value of mineral insurance policies
  • 2021-01-26
  • .
Deputy Minister of Industry, Mines and Trade: It is estimated that the value of the insurance policies of the Mining Insurance Fund will increase more than three times this year compared to last year.

According to the International Iranian Stone Exhibition, "Vajihollah Jafari" in the meeting to review the performance of the Mining Investment Insurance Fund for 10 months of this year stated: Today, the insurance policies of this fund worth 792 billion Tomans are ready to be issued, including 325 billion Tomans of insurance policies issued, the total value of these insurance policies will reach more than one thousand and 100 billion tomans by the end of this year.

According to him, the number of insurance policies issued from the beginning of this year to the end of January has reached 30 items, more than 70% of which (22 items) are related to the field of mining and processing and the rest are related to the field of exploration.

The Chairman of the Executive Board of Imidro reminded: Supporting the private sector miners is part of the Imidro program, and considering that last year the value of issued insurance policies reached 305 billion Tomans, this year is expected to grow more than three times. Let's get to this.

Lead and gold are the largest share of insurance policies

Jafari explained about Imidro's policy for the realization of the processing movement in private sector mines: flotation units (common method of preparing ores for further processing), iron mines, integrated processing units, ‌ lead and gold have the largest share of insurance policies in They have mentioned.

He added: "Imidro has also tried to increase the capital of the Mining Investment Insurance Fund. This process has started in recent years with the aim of increasing support for the development of mines and mining industries in the private sector. Last year, the fund's capital increased from 140 billion to 500 billion tomans increased and the next step is to achieve a capital of one thousand billion tomans.

Jafari also said in another part of his speech: Mining Investment Insurance Fund, with increasing risk, pay more attention to the exploration sector.

Mineral insurance fund arrears became zero

According to this report, "Farid Dehghani", CEO of the Mining Investment Insurance Fund, also said at the meeting: "Surveys show that the current receivables of the fund have not increased since 1397, and this year the arrears became zero and the borrowers repaid on time." Do.

Regarding this year's programs, he added: "Issuance of stock exchange guarantees for more than 100 billion Tomans is in this year's programs, and in addition, payment of 2% subsidized interest to knowledge-based projects, ‌ payment of facility interest for purchasing domestic machines and increasing share In the capital market, 20% in financing is also planned.

Dehghani added: It is predicted that in 1400, a capital acquisition program of one thousand billion Tomans will be implemented.

According to this report, the Mining Investment Insurance Fund was established in the framework of the country's macroeconomic goals and to strengthen and support private investors in the mining sector, in accordance with Article 31 of the Mining Law approved in 1998, in order to achieve sustainable development in the mining sector. Provides guarantee and security of investment in mining activities and guides and directs these investments.

* IRNA