BAKU, Azerbaijan, September 21. Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) will put into operation a number of mines and mining industry facilities with a combined worth of $27.6 billion by March 20, 2029, Chairman of the IMDRO Mohammad Reza Movasaghinia said, Trend reports.
According to him, the launch of these mines and facilities would lead to a substantial rise in the country’s mining mineral output and the generation of new jobs.
“In total, IMIDRO has managed to attract private sector investment worth $9.5 billion from 2018 to date (August 20, 2023). More than 23,000 jobs are expected to be created with the investment. About $3.9 billion of the attracted investment has been spent so far,” Movasaghinia added.
The chairman also pointed out that in the past two years, 24 mining industry facilities have been put into operation under 24 projects with a total cost of $729 million under IMIDRO.
As reported, Iran has more than 50 billion tons of mineral reserves in total, and it extracts more than 400 million tons of minerals every year.
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