IMIDRO to Use 420 Exploration Maps to Attract Private Investment in Iran's Mining Sector
Iran's Mines and Mining Industries Development and Renovation Organization (IMIDRO) plans to create over 400 exploration maps to attract private investment in the mining sector, aiming to identify critical mineral reserves as part of a six-year initiative requiring $1 billion. IMIDRO's head noted that this project could uncover two world-class metallic mineral deposits valued at $30 billion, with exploration blocks to be offered through the Iran Mercantile Exchange. However, international sanctions present challenges for investment and technology access in the sector.
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Iran's Mines and Mining Industries Development and Renovation Organization (IMIDRO) plans to produce over 400 exploration maps to attract private investment in mineral exploration. The project, which aims to identify critical mineral reserves, is part of a six-year initiative from 2026 to 2031, requiring an estimated $1 billion investment.
IMIDRO's head, Mohammad-Massoud Samiei-Nejad, stated that this effort could identify two world-class metallic mineral deposits valued at $30 billion. The maps will facilitate the offering of exploration blocks through the Iran Mercantile Exchange.
Kerman province, rich in mineral reserves, has seen expanded exploration leading to five discovery certificates and 21 exploration licenses. Despite the sector's potential, international sanctions pose challenges, impacting investment and technology access, crucial for development.
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