IMIDRO Introduces Newly Discovered mineral reserves
Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) introduced some mineral reserves discovered recently in the country during a conference held on 30 July 2017.
IMIDRO Managing Director Mehdi Karbasian said that over the past four years his organization has embarked on discovering new mineral reserves in the country through private sector’s cooperation and has followed up this issue seriously since then.
He said: “We have discovered 400 million tons of iron ore reserves, 400 million tons of coal reserves and 50 million tons of gold reserves in addition to other minerals over the past four years.”
This trend will continue and two or three large reserves of zinc, iron ore, gold and other minerals will be discovered by the next Iranian calendar year (to start on March 21, 2018), the official announced.
“Our policy is that high-risk part of the job, which is discovery, is done by the government and when the project is ready to launch it will be handed over to the private sector”, Karbasian further stated.
“We are ready to transfer the small mines completely to the private sector and make joint venture with the private sector in the big mines”, he added.
Last May, Karbasian announced that Iran had offered $40 billion in mining projects to foreign investors.
source: imidro
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