News ID: 233770
Published: 0408 GMT November 03, 2018

IMIDRO seeks private sector cooperation in mining, industrial projects

IMIDRO seeks private sector cooperation in mining, industrial projects

Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) urged the private sector to get involved in mining and industrial projects.

Deputy head of the organization, Ardeshir Sad Mohammadi further said on Saturday that IMIDRO is ready to divest its shares in such projects upon requests from the private sector.

He was speaking at the 14th International Trade Fair for Construction Machinery and Vehicles, Mining, Building Material Machines and Natural Stone Industry (IranConMin 2018), which opened in Tehran on Friday.

Sad Mohammadi pointed out that IMDIRO is currently implementing 39 projects valued at over $4.8 billion and €3.5 billion.

He added that 14,000 jobs will be created once the projects are completed.

Pointing to the procurement of machinery for the projects under implementation, Sad Mohammadi said Iran and Belarus have agreed to open two credit lines to finance the purchase of machinery.

He further said that Iran's coal mining capacity will be doubled in two years.

IMIDRO is a state-owned holding company controlling a significant number of major mining companies, including, but not limited to, National Iranian Steel Company, National Iranian Copper Industries Company, Mobarakeh Steel Company, Zarshouran Gold Company, South Aluminum Company and Iran Minerals Production and Supply Company.

   
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