Localization in the mining sector saved $ 350 million

Localization in the mining sector saved $ 350 million
  • 2021-01-20
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Imidro Localization Consultant: The localization policies of large mining and mining companies in the field of foreign exchange production generated $ 350 million in the first half of this year.

According to the International Iranian Stone Exhibition, Hassan Younesian added: "In the first 6 months of this year, 9 large mining and mineral companies under Imidro had a total of $ 350 million in foreign exchange savings.

He reminded: "Imidro has been announcing the policy of localization and development of domestic manufacturing since the beginning of this year and has received and monitored the operational goals of the subsidiaries."

Advisor to the CEO of Imidro on localization said: Gol Gohar Mining and Industrial Companies, Khuzestan Steel, Mobarakeh Steel, National Iranian Copper Industries, Zobahan, Hormozgan Steel, ‌ Chadormelo Mining and Industrial, Khorasan Steel and Iran Alumina, respectively, during this period By providing the required parts and equipment from domestic manufacturers, in addition to supporting our country's producers, they have implemented a localization program.

He emphasized: "According to the estimates, this figure is specific to the field of" production "and another part of the localization policy is being implemented in development projects, so taking into account the" development projects "and updating the numbers and Figures, the total currency savings created, ‌ will increase.

According to the report, Imidro's CEO's advisor on localization, referring to the measures taken in the field of localization, clarified: Negotiating with the University Jihad in the field of localization of steel casting lines, holding meetings to meet the needs Valuable and technological parts and equipment of companies for registration in the localization system, as well as numerous negotiations with the Steel Industry Empowerment Center to provide operational plans to Imidro, are among these measures that will soon lead to the conclusion of operational contracts.

He added: holding a meeting with members of the board of directors of the Machinery Manufacturers Association to produce machinery needed by the mining and mining industries and also holding a localization exhibition, signing a contract between Mobarakeh Steel, University Jihad and Auxin Steel to produce special steels, another part of Measures taken in the field of localization.

* IRNA