IMIDRO’s Proven Reserves Worth $28b

EghtesadOnline: The proven reserves include iron ore, lead and zinc, gold, copper, bauxite, barite and coal.

News ID: ۷۵۲۳۲۹

10 March 2023

The value of proven mineral reserves discovered by the Iranian Mines and Mining Industries Development and Renovation Organization across the country stands at $28 billion, according to IMIDRO’s CEO Vajihollah Jafari.

IMIDRO is a major state-owned holding company active in Iran’s mining sector. Among its main subsidiaries are big names like Al-Mahdi Aluminum Company, Esfahan Steel Company, Iranian Aluminum Company, Khouzestan Steel Company, Mobarakeh Steel Company and the National Iranian Copper Industries Company, among others.

“These reserves include iron ore, lead and zinc, gold, copper, bauxite, barite and coal,” he was quoted as saying by Mehr News Agency at the third specialized SteelPrice Conference.

Stressing that mineral explorations in Iran need to be carried out at deeper levels, he said, “Of the 92 zones with an area of 540,000 square kilometers, which have been put at the disposal of IMIDRO for exploration, 511 promising regions with an aggregate area of 20,000 square kilometers have been discovered so far and 166 exploration permits have been issued for 4,600 square kilometers to date.”