The Ministry of Industry is obliged to hand over the mines

The Ministry of Industry is obliged to hand over the mines
  • 2021-02-27
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Members of the Islamic Consultative Assembly instructed the Ministry of Industry, Mines and Trade to hand over the identified mines this year.

According to the International Iranian Stone Exhibition, the deputies agreed with paragraph (d) of note (16) of the single article of this bill in the public session of the Islamic Consultative Assembly this evening and during the review of the revenue section of next year's budget bill.

Pursuant to this decree, the government, through the Treasury of the whole country, is obliged to receive 2% (2%) of the current one-twelfth of the current expenses of state-owned companies, banks and for-profit institutions listed in Appendix No. 3 of this law. According to the latest audited financial statements, with the exception of depreciation expenses and operating expenses, the bank and insurance are removed from their accounts and deposited in the general revenue account with the Treasury of the whole country, subject to row 130425 of Table No. (5) of this law.

Following the meeting, the MPs agreed with the additional paragraph 5 of Note 18 of the single article of the bill, according to which the Ministry of Industry, Mines and Trade is obliged to identify the auctions of mines identified by the end of March within three months after the notification of this law. Take action this year.

All licenses issued in previous years that have been given to the private sector - cooperatives and public non-governmental organizations and other natural and legal persons, if they have not led to exploration and extraction by the end of March this year, as well as the share of mines at the disposal of agencies. Executives and their affiliates, including Imidro, will be canceled and auctioned off to new applicants if they do not lead to exploration and extraction by the end of July this year at the latest.

If the transferred mines do not lead to exploration within ten months from the date of transfer within the next year, the issued license will be revoked and will be transferred to new applicants through auctions.

 The State Planning and Budget Organization and the Ministry of Economic Affairs and Finance will be added to the composition of the members of the Supreme Council of Mines in determining and reviewing the government salaries rate of the mines.