News ID: 316551
Published: 0321 GMT September 22, 2021

IMIDRO implementing mining projects worth over $10b

IMIDRO implementing mining projects worth over $10b

Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that mining development projects worth over $10 billion are being implemented by IMIDRO subsidiaries across the country.

IMIDRO’s Director for Planning and Strategic Supervision Amir Sabbagh said that following the new policies of the Ministry of Industry, Mine and Trade, IMIDRO will focus on quality rather than quantity, IRNA reported.

“Instead of increasing our output tonnage, quality production and manufacturing products with more value-added will be our strategy,” he said.

IMIDRO is currently carrying out projects in the field of steel, aluminum and copper chains, he added.

“IMIDRO has conducted studies in the aluminum downstream sector and in this regard, Salco Aluminum Production Unit has gone operational which is producing minerals and products with higher added value.”

Such products are expected to account for a major part of Iran’s future exports, especially after we held talks with China on development of mining industries, Sabbagh said.

Last February, the former head of IMIDRO announced the organization’s top 10 targets to be followed up through some programs for domestic production of parts and equipment used in the mining sector as well as indigenizing required technology of this sector.


Khodadad Gharibpour said achieving the technology required in designing and establishing the production lines with the aim of boosting productivity, reducing foreign currency expenditures.

“Our mission is to expand mining exploration through more cooperation with the private sector, supporting the new technology-based companies, and achieving the technical knowledge for completing the production chain.”

IMIDRO, is a major state-owned holding company active in the mining sector in Iran. IMIDRO has eight major companies and 55 operational subsidiaries active in steel, aluminum, copper, cement and mineral exploitation fields.


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