News ID: 155223
Published: 0256 GMT July 18, 2016

IMIDRO to complete 34 mining projects by mid-March

IMIDRO to complete 34 mining projects by mid-March

Iranian Mines and Mining Industries Development and Renovation Organization, known as IMIDRO, intends to carry out 34 mining projects by mid-March 2017, a senior industrial official said.

Deputy Trade Minister and head of IMIDRO Mehdi Karbasian said that the projects will be completed at a cost of $7.2 billion, IRNA reported.

The official said IMIDRO successfully finished 14 projects left incomplete from the previous administration with an investment of $1.3 billion.

"Furthermore, IMIDRO is working on 16 projects which it undertook over the past 2½ years," he added.

Karbasian said an investment of $50 billion is required for achieving the eight percent economic growth rate envisaged by the Sixth Five-Year Development Plan (2016-2021).

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