Mining investment gains impetus

Financial Tribune – Thirty-eight mining projects worth $4.8 were carried out only during the last two fiscal years (March 2018-20), which constitute 24.1% of IMIDRO’s projects in number and 23% of its total investments in dollar terms

T he Iranian Mines and Mining Industries Development and Renovation Organization has implemented 165 major projects worth about $20 billion in Iran’s mining and mineral industries since its formation in 2002, says IMIDRO Chairman Khodadad Gharibpour.

According to the senior official, the state-owned holding has given a remarkable boost to mining investments over the past two years.

“Thirty-eight mining projects worth $4.8 billion were carried out only during the last two fiscal years [March 2018-20],” he was quoted as saying by the news portal of the organization.

“The two-year figures constitute 24.1% of IMIDRO’s projects [in number] and 23% of its total investments [volume in dollar terms],” he added.