Date: 24 May 2020 , 01:24
News ID: 9593

IMIDRO Increases R&D Budget to $1.3m

The Iranian Mines and Mining Industries Development and Renovation Organization has increased its research and development budget from 170 billion rials ($963,172) in the last fiscal year (March 2019-20) to 230 billion rials ($1.3 million) this year
IMIDRO Increases R&D Budget to $1.3m

The Iranian Mines and Mining Industries Development and Renovation Organization has increased its research and development budget from 170 billion rials ($963,172) in the last fiscal year (March 2019-20) to 230 billion rials ($1.3 million) this year (March 2020-21), the organization’s chairman, Khodadad Gharibpour was quoted by Fars News Agency as saying.

IMIDRO, including its subsidiaries, has a 30% share in the country’s minerals extraction.

About 65% of Iran’s total explorable areas (1 million kilometers) belongs to the organization.