|
|
|
3
pictures/minerals/steel/steel56.jpg
|
News |
IMIDRO Invests $ 7.1 bn in the Fourth Development Plan
Code:
5120
Date:
Tuesday 27 July 2010
Deputy Minister of Industries and Mines announced that IMIDRO invested7.1 billion dollars in the Fourth Development Plan, reported by IMIDRO’s PR.
Unveiling the news in Industry and Mining Day, Eng. Ahmad Ali Harati Nik asserted: “This rate of investment was achieved due to the commissioning of 60 mining and mineral industries projects.”
He also announced that based on the plans that are going to be inaugurated in the next 5 years, about $ 27 billion capital will be allocated to mining and mineral industries section. According to him this amount of investment in the Fifth Development Plan will contribute in carrying out 108 projects.
Commenting on the rate of employment in the Fourth Development Plan, he noted: “In the Fourth Development Plan (2005 to 2009) about 220 thousand job opportunities were created in the country directly and indirectly.
“The figure of direct and indirect employment in the projects of the Fifth plan will be 440 thousand,” he asserted.
Iron Ore from 13 to 25 MT
Pointing out the impressive performance of mining sector in the Fourth Plan, Deputy Minister of Industries and Mines, cited: “The production of processed iron ore and iron ore concentrate in 2005 was 13 million tons, while the figure increased to 25 million tones at the end of last year.
Signaling the inception of eight steel projects, he said: “The direct reduction units of these projects will be commissioned by mid-2012 and by the end of 2013, eight projects will be launched”.
Calling one advantage of the projects creating balance in low income areas, Eng. Ahmad Ali Harati Nik noted: “Utilizing local forces, production of wealth, increased the motivation of local graduates and preventing immigration are the results of carrying out eight provincial plans.”
Second Stage of Participation Bonds
Commenting on financing eight provincial plans, Deputy Minister of Industries and Mines stated: “The first part of issuing participation bonds of the projects, valued at 500 million dollars, was undertaken at the end of last year and according to the central bank’s permit the second phase will be undertaken by selling 500 million dollars participation bonds.”
According to him upon injecting these resources to the provincial plans, steel projects will witness great development. In another part of his speech, Eng. Harati Nik reminded the construction of a 4500 MW power plant for mining and mineral industries and asserted: “About 1000 MW of this rate will be provided by Mapna Company, while 3500 MW will be supplied by the cooperation of IDRO.”
|
Print Version
|
|
|
|