‎ Inking of a tripartite memorandum of understanding (MOU)between the Ministry of Industry, Mine and Trade, IMIDRO and the Bank of Industry and Mine

According to IMIDRO’s public relations this MOU was inked on Wednesday, August 13, at the bank's headquarters in the presence of Mohammad Aghajanlou, Deputy Minister and Chairman of the Executive Board of the Directors of IMIDRO, Saeed Shojaei, the Ministry of Industry, Mine and Trade’s planning deputy, and Mahmood Shayan, Managing Director of the Industrial and Mine Bank.

According to this memorandum of understanding, the maximum of the anticipated financial resources is 120 trillion rails, allocated in the form of loans (working &fixed capital) to the subsidiaries of IMIDRO. IMIDRO has committed that part of the financial resources will be deposited in the main bank from the sale of main products in the commodity stock exchange, through the Industry and Mine brokerage.

It is worth mentioning that the main goal of this cooperation is to accelerate the completion of priority industrial and mining projects, create sustainable employment, and strengthen production infrastructure in the country.