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IMIDRO Pays Accumulated Debts to Gov’t

IMIDRO Pays Accumulated Debts to Gov’tIMIDRO Pays Accumulated Debts to Gov’t

The Iranian Mines and Mining Industries Development and Renovation Organization has paid its debts, accumulated from 2010-11 to 2018-19 fiscal years, to the government in the current Iranian year (ending March 19), according to the president of IMIDRO.
Khodadad Gharibpour added that IMIDRO’s debts during the eight-year period amounted to 50 trillion rials ($330 million), which included unpaid tax and mining royalties, IMIDRO website reported.
This volume of debt repayment has been unprecedented in the history of IMIDRO, to which Iranian Privatization Organization is currently indebted.
IMIDRO is a major state-owned holding company active in Iran’s mining sector. Its subsidiaries are active in the fields of steel, aluminum, copper and cement production.

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Financialtribune.com