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IMIDRO’s New Program for Gemstones; From Document Revision to Financial Incentives

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According to the news base “Madan Nameh“, Ehsan Azizi, acting head of the Mining and Mineral Industries Deputy of IMIDRO, at a press conference during the 20th International Iran KanMine Exhibition, referring to the five years since the issuance of the National Development Document for Gemstones, stated: With the order of Mohammad Masoud Samie-Nejad, Chairman of the IMIDRO Board, the revision and rewriting of this document has been placed on the agenda, and the project consultant has begun the rewriting process.

He added: In the new process, 5 ministries and 20 entities are participating, and with the formation of a steering council, the division of labor among related organizations is being redefined. This action is taken considering changes in conditions and the development of activities related to gemstones in the country.

Azizi stated that the national gemstone project has expanded in scope of activities and execution capacities compared to five years ago, saying: Today, in parts of the country with the necessary capacities, activities related to gemstones are pursued, and this expansion of capacities has increased the necessity to revise previous programs.

He continued: In the new version of the document, new objectives will be defined throughout the gemstone chain from exploration and extraction to processing, and the country’s new capacities will also be considered. One of the examined axes is utilizing marine capacities in fields related to gemstones.

The acting head of the Mining and Mineral Industries Deputy of IMIDRO also announced the inclusion of financial incentives into the sector’s programs, stating: The stakeholder community of gemstones is expanding, and for the first time, financial support for actors in this field and the design of financial incentives for them are being pursued. Details of these incentives will be announced after finalization.

Azizi further addressed IMIDRO’s plans to strengthen the Mining Investment Insurance Fund, saying: In new policies, a significant increase in the capital of this fund is planned so as to create greater capacity for mobilizing financial resources and utilizing them within the banking network, and broader supportive services will be provided to the mining and mineral industries sector.

He added: In redefining the fund’s mission, supporting small mining enterprises, especially those active in deprived areas, is emphasized, and the operational mechanisms of these supports are being drafted in cooperation with the fund’s team.

In another part of his remarks, the acting head of the Mining and Mineral Industries Deputy of IMIDRO regarded localization as one of the effective factors on the resilience of the mineral industries, stating: The experience of the steel industry during the attacks by the U.S. and the Zionist regime, and the damages inflicted on some industrial units, demonstrated how much capacity created in domestic production of equipment and components can be effective in maintaining production and rebuilding damaged units.

According to Azizi, developing localization of equipment, parts, and technologies needed by mineral industries in recent years, in addition to helping production continuity, has also been effective in increasing resilience and strengthening passive defense.

Referring to the order from the IMIDRO Board Chairman to establish a centralized mechanism in this regard, he said: Setting up a special headquarters to consolidate and redefine localization and technology development programs at IMIDRO is on the agenda.

Azizi added: This headquarters will operate with the participation of large enterprises and one of its goals is sharing capacities and technical knowledge and creating effective connections between suppliers and consumers of equipment and technologies required by mineral industries.

He also announced the pursuit of establishing a Mining and Mineral Industries Technology Park within the IMIDRO complex, stating: This project is progressing with the efforts of the IMINO team and its legal and executive stages are being followed up.

The acting head of the Mining and Mineral Industries Deputy of IMIDRO emphasized: Creating this capacity, alongside the localization and technology development programs, can help strengthen the connection between the mining sector, technology companies, and industrial complexes.

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