The ceiling of mass financing for the activation of small mines was increased 5 times

The ceiling of mass financing for the activation of small mines was increased 5 times
  • 2021-02-18
  • .
Executive Director of Small Scale Mines Rehabilitation, Activation and Development Plan: The ceiling of mass financing for the activation of small mines was increased 5 times.

According to the International Iranian Stone Exhibition, Seyed Reza Azimi, Executive Director of the Sde this year, in this regard, effective interactions and facilitations with the Stock Exchange and Securities Organization." Hasale mining activation has been increased fivefold.

He said: "Utilizing the capacity of new financing instruments, especially in the capital market, is one of the main priorities of the Ministry of Industry, Mines and Trade this year, in this regard, effective interactions and facilitations with the Stock Exchange and Securities Organization." Has been.

He continued: "Increasing the financing ceiling by mass financing method for the plan of revitalization and activation of small mines from 20 billion to 100 billion Rials is also one of these methods that has been approved by the OTC company."

The Executive Director of the Small-Scale Mines Rehabilitation, Activation and Development Project noted: In line with this understanding, small-scale miners can contact the Secretariat of the Rehabilitation Project if they need financing to purchase equipment and machinery up to 100 billion rials. , Activate and develop small-scale mines (http://ssmines.impasco.gov.ir/).

He added: "Using this new method of financing can be a good way to supply small-scale mining equipment."