Karbasian: We have Several Choices for Financing Projects

Tehran, Feb9, IMIDRO_”After the lifting of the sanctions we have several choices for financing our mines and mining industries projects and also we can use foreign investment”, Chairman of the board of IMIDRO said.

According to the report of the public relations of IMIDRO, yesterday during a press conference at IMIDRO, Mehdi karbasian expressed that we was dependent to china for financing projects, but we have several choices for financing and investment in our projects now, such as establishment of joint venture of IMIDRO and Danieli worth 2 billion euros and also cooperation of IMIDRO and Kazakhstan in steel sector.

South Korean firms will visit Iran to cooperate in this sector. Furthermore European and Japanese companies are ready to cooperate in finance and technology transfer sector, Deputy of Industry, Mine and Trade Minister said.

Identification of 300 Promising Zones
Identification and exploration phases in 20 provinces with an area around 250 thousand square kilometers led to identification of 300 promising mining zones in various provinces, Karbasian said.

He noted the IMIDRO’s activities in this sector such as 76 exploration projects in general ,detailed and complementary phases in different parts of the country on minerals such as Iron, Coal, Gold, Copper, Antimony, Lead and Zinc, Chromite, Titan, Nickel, Molybdenum, Barite, Phosphate, Bauxite and Brines(Potash, Magnesium , Lithium).
According to a signed memorandum of understanding between Iran and Afghanistan, Afghanistan is going to perform exploration projects in 20 kilometers of borderlines of IRAN, he continued.

He noted that Mehdiabad mine which was closed for many years, as a result of the international tender Swedish and Chinese consortiums declared their interest to invest in this mine.
We requires to attract $250 billion foreign investment to achieve vision 2025, karbasian said.