Supply of domestic oil in the form of crude has been turned into a weaknesses for the country, he said, adding, “under such circumstances, enemies of the country especially the United State, while focusing on it, imposes financial and economic sanctions against the country.”

To realize objectives of all-out economic development in the country, “we have no choice but to prevent crude selling of raw materials,” Sattari emphasized.

In modern economics, crude selling of products is regarded as a basic and fundamental weakness, he noted.

Head of Iran’s National Elites Foundation Sattari stated, “with supporting research and development (R&D) sectors and relying upon talented youth, fortunately, the country has attained favorable self-sufficiency in refinery sector.”

He also pointed to the practical and important role of knowledge-based companies in spurring economy of the country and added, “small- and medium-sized enterprises have brought about sizable revenues for those who are active in economic sector of the country.”

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Previously, due to lack of liquidity and infrastructure, exploration projects were not seen economically viable for these mines, but now they have come under the spotlight.

And in this regard, mining sector has put a plan for reviving and renovating small mines on the agenda of its activity.

Khodadad Gharibpour, the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), has mentioned this plan as one of the most significant plans of “Resistance Economy”, saying that IMIDRO is strongly determined to carry out it.

The official said reviving small mines stands among the top priorities of IMIDRO in the current Iranian calendar year (ends on March 20, 2019).

For materializing the objective of reviving small mines, different strategies are being suggested by the related officials.

Saying that many of the small mines can be revived through a processing operation, Vajihollah Ja’fari, the managing director of Iran Minerals Production and Supply Company, suggests that the investor provides a guarantee on purchase to investee (operator of mining project), or vice versa, the investee provides a guarantee on sales to the investor.

Special facilities are also offered for reviving the small mines.

Farid Dehqan, the managing director of Mining Investment and Activities Insurance Fund, has said that this fund is due to pay loans with the interest rate of lower than 18 percent to the projects for reviving small mines.

He said reviving and renovating small mines is a national plan in line with the policies of “Resistance Economy”.

While the government is seriously following up the plan for reviving small mines, private sector’s contribution is also highly needed in this field.

In a meeting held on July 2, IMIDRO head called for the highest presence of private sector in the plan for reviving and renovating small mines.

During the meeting, which was on investigating and reviewing the mentioned plan, Gharibpour said, “The highest presence of mining associations and unions in this plan will promote the status of small mines in production, trade and employment.”

Private sector’s presence in this plan will be resulted in making joint decisions and also performing those decisions more rapidly, the official noted.

Specific machinery, technology required

Although, reviving small mines is a plan which seems being followed up seriously and some facilities and supports are being offered for it, it should not be ignored that reviving those mines requires specific machinery and technology.

And as the owners of the mines do no afford buying those expensive machinery, different methods and approaches should be adopted in a way that exploiting the small mines will be economically viable.

Tackling the above-mentioned limitation, IMIDRO, as the only state-run body in this field, has already come to act. The organization has provided technical know-how for manufacturing of some required equipment and has already unveiled three samples for lead, zinc, manganese and bauxite mines, and through a tender it plans to select an investor and a commercial-industrial company as its partners for the mass production of mobile units for processing minerals to be used in small mines.

This project will be supported by Mining Investment and Activities Insurance Fund.

Supporting such projects is economically viable, because small mines account for 85 percent of employment in Iran’s mining sector, and half of the country’s minerals output; so reviving them will definitely bring fruitful results for domestic industry and it is why the Ministry of Industry, Mining and Trade and its major mining subsidiary, IMIDRO, are strongly determined and seriously following up implementation of the defined plan for reviving these mines.

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The two countries of Iran and Iraq have high potentials and capabilities to promote their trade and business level, he emphasized.

Those industries that have been shut down due to financial problems should be reactivated, Jawad Qandil added.

Elsewhere in his remarks, the ambassador pointed to Arbaeen ceremony and added, “Iraqi Embassy to Tehran will mobilize all facilities for the better organizing Arbaeen pilgrimage in the current year (started March 21, 2019).”

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He added that there are 2.5 billion tons of building stones in Iran, adding “we have the capacity to produce as many as 30 million tons of building stones, but today, we are only producing 13.5 million tons, which is one-third of the country’s capacity.”

Stressing that the country’s mines cannot be put under sanctions, he said that Iranian building stones are exported to 42 countries.

“Iran exports 269,000 tons of finished stones to Iraq, and 110,000 tons to the UAE, which amounts to 65% of our total exports,” he said.

He added that the exports of stone blocks are destined for 44 countries around the world; “China is our major client by importing 812,000 tones of stone blocks, and France imports the least amount. Our total stone blocks exports stand at one million tons.”

He put the value of the exports at $161 million, adding “$140 million worth of stones are exported to China, while India, the UAE, Italy, Turkey, Iraq, Spain, Oman, Taiwan, and Malaysia are the next major importers of Iranian stones.”

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Iran Aluminum Company, the country’s flagship producer, accounted for 30,625 tons of the total figure, indicating an increase of 2% in the two-month period. It was followed by Almahdi Aluminum Company with 5,221 tons, down 56%, and Hormozal Aluminum Company with 5,156 tons, down 73%.

Iran Alumina Company produced 38,908 tons of alumina powder during the two months, down 6%.

Alumina powder output in the month to May 21 amounted to 20,649 tons, down by 1% compared with last year’s similar period.

Iran has a current aluminum nameplate capacity of 457,000 tons per year, of which about 437,000 tons are operational, Metal Bulletin reported.

The figure is envisaged to be hiked in the coming days upon the inauguration of Jajarm Aluminum Plant, in North Khorasan province, with a production capacity of 40,000 tons per annum.

The country is planning to increase annual production to 1.5 million tons by 2025.

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The extracted minerals, as Monzavi describes, are used in various sectors including construction, steel, aluminum, cement, gypsum and etc.

Above 1,500 employees are working in the mines of the province, he added.

Statistics show that minerals accounted for 21 percent of non-oil exports in Iran.

There are 400,000 registered mines in the country. Once 100 mineral processing units are launched, 600,000 employment opportunities will be generated in the country.

Chairman of Parliament’s Industries and Mines Committee of Iran Chamber of Commerce Bahram Shakouri has announced that, “Wall Street Journal (WSJ) has evaluated Iran’s total value of natural resources at $27.3 trillion.”

If demands of minerals’ supply chain are met, mining and mineral sector will realize 60 percent of oil revenues in the country in 2025 Outlook Plan, he said.

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Introducing projects to the private sector and taking advantage of capabilities of banks for guiding financial resources towards mining and mineral sector is one of the best ways in this regard that should be taken into consideration, he added.

Elsewhere in his remarks, the deputy minister of industry put the exports value of mining and mineral products in 11 months of the past year (March 21 – Feb. 11, 2018) at more than $8.299, accounting for 21 percent share of total exports volume of the country.

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Head of Administrative Development and Renovation Center of the Ministry of Industry, Mine and Trade Jahanbakhsh Sanjabi Shirazi said that 576 industrial, mineral and trade projects, costing totally 686,000 billion rials, would be put into operation concurrent with the 40th glorious victory anniversary of the Islamic Revolution (Ten-Day Dawn ceremonies).

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 Statistics of the Ministry of Industry, Mine and Trade show that $625 million worth of Foreign Direct Investment (FDI) has been approved in mineral and industrial sector since the beginning of the current year up to the end of Iranian month of Mehr (March 21 – Oct. 22).

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Data released by Iranian Mines and Mining Industries Development and Renovation Organization shows that the country’s trade surplus of minerals has observed a significant growth during the eight months of the current Iranian year, through Nov. 21.

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