Undesirable effects of capital flight from the mine

Undesirable effects of capital flight from the mine
  • 2015-09-17
  • .
Head of Iran Mining House: Mining authorities should be strengthened, otherwise the major funds will move from the mining sector to other sectors, and if that happens, it could have many undesirable effects for the country's mining sector.

According to Iran's International Stone Exhibition, Mohammad Reza Bahrami, head of the Iranian Mining House, said at the third meeting of the country's mining and mining industry: "What is to be seen and what has happened to this part of the country's economy." It is important to examine what decisions have been made in this area over the past years and what their consequences have been.

Bahramman said that the late tenth government made hasty decisions for the mining sector that made these decisions burdensome for the officials in the sector, adding: "It is a great paradox that despite the richness of the mineral, there is economic poverty in the country. Such meetings should cause it, and the output of these meetings will lead to a movement that seeks to solve the mining problem.

He added: "The supreme leadership has emphasized the role of mining in the economy in their mandates; Dr. Rouhani has also seen the role of mining in the government's economic plans, especially the Sixth Development Plan."

The head of the Iranian Mine House stated: Since 1327 to date, we have had ten development programs that, apart from the years of imposed war, have been implemented in various governments; we must see how the role of the mine was seen in each program and how much in practice The planning has been implemented in this sector. It is very important to know what to do and what to do; certainly the Chamber of Commerce can work with the country's mining sector to determine the program and document for the government.

"The government has proposed an eight percent growth plan in the sixth plan; some have said that we cannot achieve eight percent growth over the program and we need this figure," Bahramman said, emphasizing that we need to move to a higher economic sector. To say the least, I would say that if the government has an 8% growth forecast, we should be happy and help the government make it happen. Along the way, it is the government's job to create the infrastructure, with three percent of this eight percent growth in foreign investment.

The head of Iran's mining house said that Iran has unique wealth along with its huge oil and gas reserves, adding that countries such as Qatar and Saudi Arabia have huge oil and gas reserves but like Iran, they have rich mineral resources. They don't. We have this mineral wealth in our country and we should care about that wealth.

Bahramman said he was pleased to see that the government and decision makers today view the role of mining in the country's economy. He said that the Iranian Mine House in collaboration with McGill University of Canada conducted a study on the role and impact of employment in the mining sector on the economy. ؛ The result of these studies is that in the world standard in accordance with the Canadian economy, each job creation in the mining sector creates 17 jobs in other economic sectors; this figure is twenty-four in the Iranian economy and more in the Chinese economy. This is because it affects the mining sector in other economic sectors of each country It is a blessing.

"We have a market of eighty million people in the country and a market of 400 million people in the region, so why not manage to use this market in spite of the many capacities in the mining sector, we have to follow the management role," he said. The role of management could have put us on the path to optimal use of opportunities, but unfortunately it was ignored.

Bahramman went on to say: "Today, government officials clearly say we should take advantage of our opportunities in the mining sector, which means that the role of management in the mining sector can be seen."

The head of the Iranian Mine House said that when the impact of the mining sector on the economy is to be seen in real terms, he said: "When they say the mining effect on the economy is one percent of GDP, and when they say abandon the mining sector because it has little effect on the economy, It's always wrong to hit the mines with these wrong statistics, because the effect of the mining sector on the economy is enormous.

He added: "An economy that does not want to be written in the context of oil must pay attention to the mine; the role of the mine is seen in the resistive economy and it must play its role in achieving the macroeconomic goals of the resisting economy by investing and using new technologies in this sector." To realize.

Bahramman said that we must define a strategy for attracting foreign investment and said: "We have to provide solutions to the existing Iranian laws and solve the deterrent problems in attracting capital and promoting production in the mining sector." Mining authorities need to be strengthened, otherwise the core capital will move from mining to other sectors, and if that happens, it could have many undesirable effects for the country's mining sector.

In the end, the head of the Iranian Mine House stated: "We need to identify the strategy and the guardian of the mine and prevent the interference of other sectors in this area. In order to achieve the macroeconomic goals of the resistive economy, the role of mining in the economy must be seen more and more.

* Tasnim