• $ 1.7
  • € 2.0154
  • ₽ 0.02043
  • ₺ 0.0412
  • £ 2.3192

Major problems in Iran's mining sector

Major problems in Iran's mining sector
15.08.2019 15:00

Iran's mine sector is facing various problems that require support from the government and the private sector, Head of Iran Mine House Mohammad Reza Bahraman told Trend.

"The costs of produced minerals are high due to old machinery expenses, as far as the minerals production line goes," he said.

"Another important issue is that the current infrastructure is not enough for growth of the mine sector and needs to be developed. That requires government cooperation with the private sector, as well as facilitating the related regulations for infrastructure investments," he noted.

Bahraman went on to mention another problem - most mines are glued to individual or legal entities that own mine lands.

"The miners are the government's work force, and according to law, the government is responsible to defend these people from possible legal conflicts," he indicated.

Bahraman went on to add that exports of surplus minerals are wasting the national resources and capital.

"The private sector is constantly trying to improve the production, specially the machinery line production," he noted. "In this regard, a machinery committee has been established, and the talks are ongoing with the government to import new or second-hand machinery to solve the mining sector's problems."


www.anews.az
Similar news
Similar news
Undersecretary of State: Poland, Azerbaijan eye to improve market access conditions for entrepreneurs (Exclusive)
Business 12:18
Undersecretary of State: Poland, Azerbaijan eye to improve market access conditions for entrepreneurs (Exclusive)
Azerbaijani currency rates for July 12
Business 12:12
Azerbaijani currency rates for July 12
Petrofac and SOCAR JV secures engineering and technical services contract in Azerbaijan
Business 12:04
Petrofac and SOCAR JV secures engineering and technical services contract in Azerbaijan
Raiffeisen Bank to ensure foreign investors’ access to Azerbaijan's securities market
Business 11:35
Raiffeisen Bank to ensure foreign investors’ access to Azerbaijan's securities market
Azerbaijani currency rates for Sept. 4
Business 11:34
Azerbaijani currency rates for Sept. 4
AZN Currencies
Business 11:33
AZN Currencies
Oil prices recover some ground, but economic concerns weigh
Business 11:28
Oil prices recover some ground, but economic concerns weigh
EIB reveals amount of lending commitment to Azerbaijan since 2014
Business 11:25
EIB reveals amount of lending commitment to Azerbaijan since 2014
Gold, platinum prices up in Azerbaijan
Business 11:24
Gold, platinum prices up in Azerbaijan
Anews TV

Our official Youtube channel

Subscribe