News ID: 276056
Published: 0225 GMT October 28, 2020

Isfahan Province issues 70 mining licenses

Isfahan Province issues 70 mining licenses

A sum of 70 mining licenses were issued in the central province of Isfahan for exploration and mining operations since the beginning of the current Iranian year (March 20), announced the head of Isfahan Province’s Industry, Mine and Trade Department.

Iraj Movafaq noted that of the figure, 50 licenses were for exploration operations, and 20 licenses were for mining operations, reported

He said the project operations provide jobs for over 130 people.

In June, Deputy Industry, Mine, and Trade Minister Darioush Esmaili said that the country’s Mining Investment Insurance Corporation (MIIC) has allocated over $714.2 million for supporting mining exploration projects.

He said that the ministry has it on the agenda to increase the country’s discovered mineral reserves by 25 percent in the current Iranian year.

The mining sector accounted for 25 percent of the country’s non-oil revenues in the past Iranian year.

In the past few years, with new economic strategies, the mining sector has become a major point of focus for the Iranian government and various organizations and bodies active in this sector were tasked to implement new programs for boosting this sector.

As a major state-owned holding company active in the mining sector in the country, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has been playing a significant part in the planning.

The organization has been implementing several new programs in all the main fields of the mining industry including exploration, machinery development, and extraction while reviving the country’s idle mines.


According to its head, Khodadad Gharibpour, IMIDRO has put the development of mines and mining industries on the agenda with three main strategies: Increasing exploration operations, developing infrastructure, and reviving the country’s idle small-scale mines.



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