Mohammad Masoud Samiei Nejad noted: hereafter, mining exploration licenses will be offered for investment attraction through the commodity exchange.
According to the IMIDRO’s public relations, Samiei Nejad in the third meeting with former heads of IMIDRO held on the subject of exploration stated: According to the Seventh Development Plan, the call for mineral exploration investment packages will be conducted through the Commodity Exchange. He added that in this method, through the formation of a joint company, exploration investment packages will be made available to investors. The Deputy Minister of Industry, Mine, and Trade also declared: It has been decided that, in collaboration with the country's Plan and Budget Organization, the exploration sector's budget will be included independently in the annual budget laws to facilitate a purposeful and coherent path for ensuring a sustainable supply of raw materials and feedstock for mineral industries. Regarding the IMIDRO’s set of actions in the field of exploration in another part of his remarks, noted: IMIDRO, together with its subsidiary companies and the National Iranian Copper Industries Company, has invested $300 million from 2013 until the end of last year in exploration and identification of new mineral resources. He continued: The total area available to IMIDRO for exploration is less than 1.5% of the country's total area, which includes areas of requested exploration licenses, exploration licenses, and discovery certificates held by IMIDRO.
