Economy, Business And Markets

IMIDRO to Issue Tender for 15 Mineral Zones

IMIDRO to Issue Tender for 15 Mineral ZonesIMIDRO to Issue Tender for 15 Mineral Zones

The Iranian Mines and Mining Industries Development and Renovation Organization plans to issue a tender calling on foreign and domestic investors to finance 15 newly-discovered mineral zones, announced IMIDRO Chairman Mehdi Karbasian. “These zones are the result of IMIDRO’s exploration operations that started in 2014. Fifteen were chosen out of 400 and are ready for local, foreign or joint investments,” the official was quoted as saying by ILNA. The 15 zones, spanning over 5,000 kilometers, are located in Fars, Kerman, Hormozgan and Yazd provinces and are considered to be rich in iron ore and chromite reserves. Iran is home to 68 minerals with more than 37 billion tons of proven and 57 billion tons of potential reserves, including major deposits in coal, iron ore, copper, lead, zinc, chromium, uranium and gold, IMIDRO reported on its website.

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