Iran’s mining sector open doors to foreign investments

Mehdi Karbasian indicated foreign firms can invest independently or in the form of joint venture in the mining sector of the country.
As pointing to the role of resistance economy in the economy development, Chairman of IMIDRO called on experts to do more efforts in order to reflect capabilities of the sector.
He also reminded in recent years, impacts of global economic recession and infliction of economic sanctions against Iran on the mining sector were little that suggested the sector needs more support to have higher share in national GDP.
As saying foreign firms from European Union, Asia, Africa and Canada eye coming to the mining sector, Karbasian stated that exit of the world economy from recession in 2015 as forecasted, would bring more boost to the mining and processing sector and meantime foreign firms can have a increasing interaction and relation with Iran to create mutual interests.
Defining IMIDRO as supporter of the private sector not a rival, he stressed that collaboration with the private sector can help to achieve target of economy growth of more than 8 percent.
“About 30 semi-finished and stalled projects are activated with participation and investments of the private sector in the last 12 months which is an evidence of IMIDRO’s new policy”, he underlined.
Karbasian continued that drafting Comprehensive Steel Plan is on the verge of finalising and comprise all issues including water supply, upstream mines, energy, transport and production.