Mining to enter the stock market in the near future

Mining to enter the stock market in the near future
  • 2020-09-03
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Deputy Minister of Industry, Mines and Trade: In line with the President's emphasis on the entry of mines into the stock market, several meetings have been held in the Ministry of Silence and the grounds are being prepared.

According to the International Iranian Stone Exhibition, Saeed Zarandi in a meeting held for this purpose in the presence of the directors of the Exchange Organization and mining managers added: It is authentication, so the issue of assigning and conducting franchise transactions can be done together or in a small supply.

He said: "Also, regarding uncertainty, closure or disqualification (according to Article 20 of the Mining Law), the issue of forming a public joint stock company of the project can be implemented by entering several mines or offering them together and auctioning each mine in the Iran Commodity Exchange." 

Deputy Plan and Program added: Due to the existence of five thousand and five hundred mines regarding the methods of transferring these mines to the private sector in part or in the form of a public joint stock project, the project can be done and the Exchange and Securities Organization and Iran Commodity Exchange are ready. To support this section.

Zarandi emphasized: the transfer of mines in the stock exchange can increase the transparency and speed of action in this field in addition to creating mobility and dynamism of the mining sector.

* ILNA