IMIDRO: Private sector share up in mining, mineral industries

 Activation of 30 stagnant projects by IMIDRO in the past year has led to further participation and increase in investment share of the private sector in implementation of projects in this sector.

IMIDRO, since the administration of the 11th government and through implementation of policies of Article 44 of the Constitution has raised the share of private sector in its projects.

Based on new policies and give the 65% participation of the private sector in the implementation of seven provincial steel projects, IMIDRO now holds 35% of the shares of the projects and has taken a great stride towards realization of policies of Article 44.

Projects for development of Sangan mines include a unit for production of 2.4 tons of concentrated steel and 5 million tons of steel pellets which entail 51% participation of the private sector and 49% of IMIDRO.

Implementation of a steel electrodes project is among strategic projects and a consortium of private sector companies is in charge of the project of which 87% belongs to private companies and the remaining to IMIDRO.

Implementation of the policy for empowering the private sector includes the green coke plan which is used by factories which produce aluminum bullion with 80% share of the private sector and 20% of IMIDRO.