Managing Director of Iranian
Mines and Mining Industries Development and Renovation Organization
(IMIDRO) has called on the private sector to deal with the issue of
sanctions more offensively and more seriously.
He said: “The private sector and economic activists should not remain
inactive and wait to see what measures the government would take to
encounter the economic sanctions. Rather, they should act based on their
obligations in this field.”
Dr. Karbasian said IMIDRO is faced with some $7 billion worth of
semi-finished projects while there is no budget for it. The deputy
industry, mine and trade minister added: “Our income resources in IMIDRO
have virtually been eliminated.”
Elsewhere in his remarks, chairman of IMIDRO Management Board referred
to the recent decisions of the 11th government which led to directive
and legislation and said one of the serious legislations was on the
return to the development areas of financial resources obtained through
70% of privatization.
He added: “Among other cases considered in the amendment of the budget
for the year 1392 (started March 21, 2013) is that supportive
institutions such as the insurance fund and exploration areas would be
assisted out of the government rights over mines.”
Addressing economic activists who were present in the session of
industry and mines commission of Tehran Chamber, Karbasian said: “The
11th government has so far shown that it is specially counting on the
assistance and cooperation of the private sector and appointment of the
chairman of Iran Chamber of Commerce as the presidential chief of staff
is a proof to this statement.
“Therefore, statesmen as well as I myself expect activists in the
economic field not to limit themselves to the recent approvals of the
government and by offering assistance and suggestions to the government
and ministries, accompany the 11th government in the difficult path it
has ahead of it.”
He referred to liquidity as another problem of the mining sector and
said: “In order to remove this important difficulty, all should join
hands to put facilities (bank loans) at proper rates, not at 26% and
27%, at the disposal of entrepreneurs.
To this end, both the government and the private sector should put
their ideas together and come to some results so that banking facilities
would be put at the disposal of those active in the mining sector with
proper repayment deadline and minimum advance payment.