More than $27.641 billion worth of mining and mineral projects are planned to be put into operation by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and its subsidiary units from 2023 to 2029, an Iranian deputy industry minister said.
Mohammad Reza Movaseghinia pointed to IMIDRO’s vision in investment and attraction of investors in the mining sector and added that continuation of investment in mining and mineral industries is among the main goals of the organization.
In addition, IMIDRO has succeeded in attracting pivate sector investment, valued at more than $9.5 billion, with the generation of employment for more than 23,000 people, he said, adding that about $3.9 billion worth of mining projects have so far been completed.
The CEO of IMIDRO further said that giant steps have been taken in the mining sector in the current Iranian calendar year (started March 21, 2023), including the issuance of license for the extraction of mines and also organizing the legal state-owned system of mines.
Movaseghinia also pointed to the production of types of mineral, mining and road-construction equipment and machinery and added that manufacturing mineral and mining machinery registered a 100% hike in 2022 compared to a year earlier.
