IMIDRO Registers Solid Growth in Exploratory Drilling, Investment

EghtesadOnline: IMIDRO and its subsidiaries invested 7.83 trillion rials in the exploration of iron ore, coal, polymetal, bauxite, etc. during March 21-Dec. 21, 2022, registering a 140% rise compared with 3.23 trillion rials in the same period of last year.

News ID: ۷۵۲۲۶۲

14 February 2023

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and its subsidiaries carried out 207,000 meters of exploratory drillings during the first nine months of the current Iranian year (March 21-Dec. 21, 2022), 54,000 or 35% more compared with 54,000 meters in the corresponding period of last year, according to a senior IMIDRO official.

“IMIDRO and its subsidiaries invested 7.83 trillion rials in the exploration of iron ore, coal, polymetal, bauxite, etc. during the period, registering a 140% rise compared with 3.23 trillion rials in the same period of last year,” Ahmad Fattahi Mojallaj, IMIDRO’s manager of explorations, was quoted as saying by the news portal of the organization.

“The National Iranian Copper Industries Company drilled 131,900 meters in nationwide exploration for copper ore and Iran Alumina Company drilled 20,900 meters with the aim of exploring bauxite indices.”