Iran Mining Production Company plans to become a mineral exploration authority in Iran by 1404 in its program horizon.
The chief executive of Iran’s state-owned mineral production and production company, stating that “our starting point is not mining, but mineral exploration because unless there is exploration, exploitation will not materialize.” Ready to invest in mining exploration The company is poised to reduce its presence in the field and outsource its operations to the private sector.
“We believe that the public sector should be alongside the private sector and have excellent oversight,” said Wajihullah Jafari on empowering the private sector. “We don’t invest in the development of mining units, we invest in the private sector, and eventually we get a fair share of the mining activity.”
Impasco CEO described the success as a result of strong and motivated private sector participation in the company’s mines, adding: “Except for the two lead and zinc mines at Angoran and Mouteh Gold, the rest of the company’s units have been outsourced to the private sector.” , Even the underground part of the Angouran mine is also privately owned.
Source: Public Relations of Iran Mineral Production Company