Research & Development
Administrative regulation related to applied research priorities that makes miners exempted from 10 percent of the state law announced by the mining deputy of Ministry of Industry ,Mine and Trade (Iran).
This plan includes 13 priorities, to inform active miners from research priorities and render a plan to encourage investors to invest in this sector.
These priorities are :
1. Modern methods of exploration, extraction and mineral processing
2. Localization and know-how transfer
3. Production and extraction of REE
4. Coal research projects
5. Using waste and slag to extract valuable elements
6. Molybdenum,Tungsten and Magnesium related researches
7. Titanium researches
8. Graphite Electrodes researches
9. Energy consumption optimization
10. Construction of mineral processing equipments
11. Create and increase of production efficiency
12. Refractory minerals researches
13. HSE projects in mine and mining industries sector
According to this announcment if miners with approval of Iranian ministry of Industry,Mine and Trade in line with these priorities contract with universities, they will be exempted from 10 percent of state law of mines.
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Private sector is the main factor for domestic economy to grow during the sanctions time, Iranian Industry, Mining and Trade Minister Reza Rahmani stated.
Iran’s Ministry of Industry, Mining and Trade announced that in the first three months of the current Iranian calendar year (March 21-June 21), some 256.17 trillion rials (nearly $6.1 billion) worth of bank loans have been offered to small and medium-sized enterprises (SMEs) and semi-finished industrial projects with an over 60 percent physical progress.
Banks and credit institutions provided the industrial and mining sector with 300 trillion rials (about $7.14 billion) worth of loans in the first two months of the current Iranian year (March 21-May 21), registering a 41.5 percent rise year-on-year.