• $
  • €
  • ₽
  • ₺
  • £

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
Instagram
Go
Similar news
Similar news
Central Bank of Azerbaijan Releases Official Exchange Rates for October 23
Business 11:00
Central Bank of Azerbaijan Releases Official Exchange Rates for October 23
Natural Gas Futures Drop on New York Mercantile Exchange
Business 10:30
Natural Gas Futures Drop on New York Mercantile Exchange
Brent Climbs Above $113, WTI Tops $100
Business 10:00
Brent Climbs Above $113, WTI Tops $100
Abortion Rates in Azerbaijan Rise 21.9% in 2025, Statistics Committee Reports
Business 16:59
Abortion Rates in Azerbaijan Rise 21.9% in 2025, Statistics Committee Reports
Armenian Deputy PM Visits Syunik for Trump Route Infrastructure Planning
Business 14:30
Armenian Deputy PM Visits Syunik for Trump Route Infrastructure Planning
Azerbaijan Sets Target for Transition to Electric Stoves in Residential Buildings
Business 14:00
Azerbaijan Sets Target for Transition to Electric Stoves in Residential Buildings
Brent surges to $110.84, WTI reaches $98.64
Business 13:00
Brent surges to $110.84, WTI reaches $98.64
Azeri Light crude climbs to $119.70 per barrel
Business 12:30
Azeri Light crude climbs to $119.70 per barrel
Gold drops to $4,106 per ounce on COMEX
Business 12:00
Gold drops to $4,106 per ounce on COMEX
Anews TV

Our official Youtube channel

Subscribe