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News20B$ Investment in Iran Mining Sector by 2025

20B$ Investment in Iran Mining Sector by 2025

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2016/01/05Date:
Tehran,Nov11,IMIDRO_Deputy Minister and Chairman of the Executive Board of IMIDRO, Mehdi Karbasian, announced that by the year 2025, Iran mining sector required 20 B$ Investment.
According to the press release of public relations of IMIDRO, as one of the major shareholder of big mining companies in Iran, IMIDRO is a state-owned holding company, with activities from exploration to exploitation and processing and Mining Industries. IMIDRO has International subsidiaries in Germany, Italy, Russia, China, Kazakhstan, Dubai and some other countries and can handle the projects and contracts based on International regulations and Laws, Mehdi Karbasian expressed in the International Mining and Resources Conference (IMARC 2015) in Australia.
Now, IMIDRO has 29 under development projects with approximately 9$B investment, also by 2025, Iran mining sector required 20 B$ Investment, he said.
At the present time, IMIDRO has several exploration projects (240,000 Square Kilometers) in different areas such as Sistan-Baluchistan, Central and Southern Khorasan, Kerman, Western Azerbaijan, Ardebil, Fars and Yazd provinces, Karbasian added.
Iran has potentials in mining sector such as rich mining reserves mostly open pit, very big local and regional market, energy resources, suitable infrastructure, access to international ports/sea, gateway to Afghanistan/Mena/CIS, he continued.
Iran has 37B ton mining resources: with 1% Population and 7% of the world, valued 700B$, 68 types of minerals, including Gold, Coal, Iron Ore, Copper, Lead ,Zinc ,Chromium ,Barite, Salt, Gypsum, Molybdenum and REE, Karbasian said.
Iran World ranking increased as part of IMIDRO activities in the past15years. International Ranking of Iran in Steel, Cement, Copper, Aluminum and Iron ore sectors are 14, 4, 20, 19 and 9 respectively, he said.
IMARC 2015 is the International Mining and Resources Conference 10-12 November 2015 in Melbourne Convention and Exhibition Centre, Australia.