“The copper comprehensive plan is finalized and will be declared soon.” Said the Vice of the Ministry of Industry, Mine and Trade.
According to the Mining Investment Insurance Corporation’s public relations, Khodadad Gharibpur said, during the 15th Iran ConMin Exhibition, “the copper plan is being edited and programmed, and IMIDRO is working on comprehensive plans regarding gold and aluminum as non-metal projects too.”
According to Khodadad Ghraibpur, the development projects in large corporations are based on basic axes in comprehensive plans that are being worked out. “25% of the investment market belongs to the Mine and Mining Industry at the moment,” he continued about the mutual relationship between the Mine and the investment market of the country, “the Mine’s market value in the exchange market is more than 270000 billion Tomans, which means we have 5.2% of the investment market. In addition to the high market value of the Mine and Mining Industry, its interest in the investment market reaches up to 36%.”
Pointing out that the Mine and Mining Industry’s retained earnings are 47 to 48%, Mr. Gharibpur said: “Everyone will be supported by IMIDRO. We have granted the investment market interests to the investors, in a way that each corporation reaches profit as a result of the development projects and will be able to present themselves in the exchange market.”
Emphasizing on the fact that almost all the IMIDRO’s subsidiaries are present in the exchange market, the Vice of the Ministry of Industry, Mine and Trade said: “when other Mine and Mining Industry companies would reach profit, their shares will definitely be presented in the exchange market if they are presentable.”
“The Ministry of Industry, Mine and Trade has 3 programs for this which includes discovery, investment and building the foundation,” Mr. Gharibpur continued about the government’s plans regarding the replacement of oil with mines, “in a way that 4000 m2 of discovery projects have been carried out until now. We have transferred some of the discovery projects to the private section through Paya consortium built on 12 large companies. IMIDRO is looking after all the country’s panels, to do whatever has to be done with the help of the private section. We need 11 billion Euros for the foundations. We have signed an agreement for the railroad from Bafgh to Sangan. There have been investments worth 80 million Tomans for foundations in Kerman for the Copper and Golgohar mines. 25 Billion Dollars of the GDP belongs to us, and 40% of it comes from exportations. We have also created jobs for 700000 people.”
About the investments in the Mine and Mining Industry Mr. Gharibpur mentioned: “there has been granted 8000 billion Tomans in Mobarakeh, and 4600 billion Tomans in Copper, to the investment through retained earnings this year. The credit in foundations has reached 4 times more than what it was before and we have also had a 50 to 60% of growth in education and research. There lies a good fortune on this way, and we can reach it through discoveries and new investments.”
News Source: Donya-e-Eqtesad