Metalsnews: The government earned more than 4.72 trillion rials (over $109 million) in mining royalties–a percentage of miner’s sales profit–during
Metalsnews: Iran exported more than 48.66 million tons of mineral products worth over $6.85 billion during the first nine months of the current
Metalsnews: Iran imported 8.61 million tons of mineral products worth $3.6 billion during the first eight months of the current fiscal year (March
Metalsnews: Iranian miners exported 12.44 million tons of mineral products worth $1.08 billion to China during the first seven months of the current
Metalsnews: Tehran Stock Exchange's main index broke above the 92,000 level on Tuesday and recorded a new all-time high, jumping back into the fast
Metalsnews: Major Iranian mining companies produced 228.32 million tons of different mineral products during the first eight months of the current
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  • Mineral Products Jump 11%

 

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Pursuant to the Article 6 of Law on establishing Ministry of Industries and Mines, approved on Dec. 26, 2000 by the Islamic consultative Assembly (Iranian Parliament also called Majlis) and Note of the mentioned article, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) was established in order to providing and implementing construction projects, developing, equipping and renovating metallurgy production industries, extracting and processing minerals, executing exploratory activities, etc. In addition, IMIDRO was set up for removing requirement of country to minerals with the special emphasis on optimization of economic system of the country in mines and mineral sector, supervising the use of mineral reserves and operating them accurately and effectively. Given the abovementioned law, the Organization will be administered according to the law of establishing Iranian Industries Development and Renovation Organization (IDRO), approved on July 16, 1967 and also its articles of association.

Mission
Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) is responsible for developing, empowering and boosting competition of mines and mineral sector, converting resources and productions of this sector to the sustainable wealth in the country.

Outlook
- Leader and pioneer in sustainable development of mines and mineral sector coupled with competing in global value chains.

Values
1- Safeguarding rights and human dignity and also social justice,
2- Focusing on safety and health condition of staff and personnel,
3- Paying due attention to the disadvantages and underprivileged regions, generating new employment opportunities and abiding by rights of local communities,
4- Respecting rights of all beneficiaries and stakeholders and also gaining customers’ satisfaction,
5- Safeguarding and protecting environment, cultural heritage and renewable resources and rights of future generations,
6- Committing to the professional ethics and respecting material and spiritual properties,
7- Making transparency in dissemination of information services and feeling sense of accountability
Macro Strategies of IMIDRO
1. Developing mines and mineral industries’ activities with competitive advantage in less developed regions,
2. Boosting investment growth in creating mines and mineral industries’ chain units with modern and risky technology,
3. Developing cross-border mineral and mineral industries’ activities with the aim of completing value chain,
4. Developing modern methods for financing in line with implementation of development projects,
5. Promoting productivity, synergy and competitiveness in mines and mineral sector,
6. Developing technical know-how, conducting applied research activities and technologies required in mines and mineral industries’ sector,
7. Developing investment of private sector in mineral activities and pertinent infrastructures,
8. Developing human resources in mines and mineral industries’ sector,
9. Strategic marketing and promoting export of products and technical and engineering services, etc.
Programs of Resistance Economy in Mines and Mineral Industries’ Sector
Iranian Mines and Mineral Industries Development and Renovation Organization (IMIDRO) has defined its programs in line with materialization of objectives of resistance economy as follows:
1- Developing and facilitating investment in east part of country, focusing on mines and mineral industries’ sector,
2- Developing export infrastructures with the aim of developing special mineral industries’ zones in southern coast of country,
3- Developing knowledge-based units for producing knowledge and new raw materials and also valuable elements such as rare soil elements (REE),
4- Studying and correcting rules, regulations and standards with the aim of facilitating activities and attracting domestic and foreign capital,
5- Empowering and reducing investors’ risk through Investment Insurance Fund (INF) of mineral activities,
Sample of Programs Taken by IMIDRO for Materializing Objectives of Resistance Economy
Developing exploratory activities of mines sector or expansion of land area as large as 200,000 square kilometer,
Transferring provincial steel projects to the private sector and participating in construction activities (in less developed regions of country),
Developing technology of mobile processing units in small mines of country,
Developing and boosting technology related to concentration of mines (including iron ore),
Implementing construction operation of antimony project in Sefidabeh of sistan-Baluchestan Province,
Implementing construction operation of Kahnouj Titanium Project,
Implementing construction operation of Jonoob (South) Aluminum Project in Lamard in cooperation with private sector as joint venture,
Developing special economic zones in Lamard and Parsian regions in line with paving suitable ground for active presence of private sector,
Paving necessary infrastructures for developing mines and mineral industries of private sector,
Offering necessary facilities and covering insurance services of mineral project of private sector,
Financing and supplying mines equipment and machinery (1200 mines equipment and machinery)
Compiling and updating rules, regulations and standards of consumption of water, energy and materials in mines and mineral industries
$1b Worth of Investment Made by IMIDRO in 2014 and 2015
Iranian Mines and Mineral Industries Development and Renovation Organization (IMIDRO) invested over $1 billion in mines and mineral industries’ sector in 2014 and 2015. It should be noted that the Organization inaugurated mineral projects at the condition that it faced very limited financial resources due to illogical and non-specialized transfers.
Titles and investment volume of each project  has been mentioned in the below table.
 
Roadmap of IMIDRO Exploration Activities:
Iranian Mines and Mineral Industries Development and Renovation Organization (IMIDRO) is undertaken the development of mines and mineral industries’ sector. Considering the special emphasis of supreme Leader of the Islamic Revolution and his support from mineral sector as substitution of oil in materialization of objectives of resistance economy, the Organization launched new optimal operation and exploration program from reserves of the country since 2014 (during Hope and Prudence Government). The Organization explored more than 2.5 fold of projects in 80 years ago. Generally speaking, IMIDRO enjoys high potentials that can promote role of lines in national economy and also attaining objective without depending on oil revenues.
With having high and diversified mineral potentials and also valuable metallic and nonmetallic reserves, Iran is ranked among top 10 countries in world in a way that the country accounts for approx. seven percent of world’s total mineral reserves. In addition, the country enjoys at least eight large mines in international level. Accordingly, development of these rich resources will increase competition power of the country in international level.
Considering its developmental mission in the country, IMIDRO has designed and implemented widespread and vast exploratory programs in order to redress historical backwardness of exploration in line with attaining the following objectives:
1. Discovering diversified new mineral resources for development of mine sector and increasing its share in gross national product (GNP),
2. Paving suitable way for attracting domestic and foreign investment with the provision of exploratory documentations in accordance with the global standards,
3. Making investment in disadvantaged and underprivileged regions, generating new employment opportunities,
4. Taking giant stride in line with sustainable development and turning mine into one of the most important economic pivots of country,
5. Detecting strategic metals and providing feedstock required for industries of country,
Performance of Explorations of IMIDRO in New Zones
IMIDRO’s new exploratory program, which covers 250,000 square kilometers of land area across the country, started from Sangan mineral region and then, was extended to the eastern belt and other parts of the country. With the studies made in this regard, a number of 300 mines were identified in 25 zones as follows:
1- Identifying and exploring mines in 20 provinces of country including 25 zones in more than 250,000 square kilometers in the country,
2- Identifying more than 300 new mines in some parts of the country including:
76 promising zones in Sangan – Khorasan Razavi,
28 promising zones in Sistan-Baluchestan borderline,
12 promising zones in Saravan in Sistan- Baluchestan Province, 16 promising zones in South Khorasan borderline
100 promising zones in Jazmourian area,
60 promising zones in Iran central part,
10 promising zones in Ardebil Province
3. Implementation of a number of 74 exploratory project in general, detailed and complementary phases in various regions of country on different minerals including iron, coal, poly metal, gold, copper, antimony, copper, zinc, titan, nickel, molybdenum, barite, phosphate, bauxite, etc.
Inauguration of Mineral Project, worth $1.18b and Investing $1.7b in New Mineral Project
The values of the mineral projects, which will be commissioned in the current Iranian calendar year 1395 (started March 20, 2016), stand at more than $679 million. In addition, the Organization will launch mines and mineral projects, worth $509 million, in cooperation with the private sector as joint venture. Given the above issue, total value of projects, which will be inaugurated by the Organization in current year 1395 (started March 20, 2016) will exceed $1.18 billion. In addition to commissioning new development projects, the Organization has taken effective steps to commission new mineral projects, worth $1.7 billion.
Projects Ready for Operational or Start of Construction Operations in Current Year
Cooperating with Private Sector as Joint Venture
IMIDRO held various sessions in line with attracting participation of private sector in development of mines in the country as joint venture. In this regard, the Organization encouraged domestic and foreign investors to invest in country’s lucrative mineral projects. For this purpose, IMIDRO published “Call for Cooperation” notice in the last Iranian calendar year 1394 (ended March 19, 2016) in order to transfer mineral projects to the private sector.
1,320 billion rials needed for exploration
Total costs spent by IMIDRO and affiliated companies on exploratory projects in the last Iranian calendar year 1394 (ended March 19, 2016) topped 1,321 billion rials, showing a considerable more than two percent (25) growth in this sector. Total costs spent by IMIDRO for exploratory projects in mineral sector of country in 1393 (ended March 19, 2015) at 1,289 billion rials.

IMIDRO’s Exploratory Projects in Current Year
1- Completion of exploratory projects and definition of development project for new mines,
2- Complementary exploration of Zarshouran
3- Nationwide exploratory development of bauxite,
4- Development of Sangan exploration projects.

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