We are pursuing the formation of a public joint stock company for a mining project
Deputy Minister of Industry: Due to the good interactions with the stock exchange organization, it is possible for mines to enter the capital market in the form of public project companies or daring exploration and exploitation funds.
According to the Iran International Stone Exhibition, Saeed Zarandi in a meeting on the use of capital market capacity, which was attended by the deputies of the Ministry of Silence and the head of the Exchange Organization, the process of entering the mines, forming a public joint stock company and using capital market tools to attract capital People in order to invest in the mining sector and mining industries.
Deputy Minister of Planning and Planning stated: Due to the geographical and thematic extent of the country's mines, it is possible that these mines are classified as regional and provincial, or according to the reserves of mines that are ferrous or non-ferrous metals. And with the formation of the founding board of reputable activists in the mining and mineral industries, the establishment of a public joint stock company for the project and financing through public acceptance will be provided.
He explained: "With this tool, it is possible to create large mining companies and mining industries and large investments downstream, and these companies can provide the development of the mining sector with a transparent and dynamic financial structure."
Zarandi said: in the field of handing over closed mines, initial meetings were held with the activists of the sector to involve the people in the development of mines by establishing the founding board and obtaining the necessary permits and handing over 82 closed and stagnant mines to the public company.
The Deputy Minister of Planning and Planning added: "In the field of bold exploration funds, Imidro has also announced its full readiness to transfer high-quality zones through these funds, and good action has been taken in this regard, which is necessary in the way of obtaining legal approvals."
He also said in this meeting: "A lot of efforts have been made to link the industry and mining sector to the capital market, whether in the initial public offering, the issuance of bonds, etc., but in the mining sector, we must further facilitate the situation."
Zarandi added: in 10 months of this year, 8 thousand and 200 billion tomans of bonds have been issued for mining industrial companies, which is more than 3 times the total bonds issued in the 12 months of last year.
The Deputy Minister of Planning and Planning said: in the first 10 months of this year, 70 industrial, mining and commercial companies have been approved by the Capital Market Admission Board, which has been more than the total performance of last year.
During the meeting, the Acting Deputy Minister of Mines, the Chairman of Imidro and the Chairman of the Exchange Organization discussed the use of mines to the capacity of the capital market and expressed their views on the implementation of this issue.
