“Big companies of iron ore and copper have signed an agreement with the corporation so that there could be a mutual support for small and big mines.” Said the CEO of Mining Investment Insurance Corporation.
According to the Mining Investment Insurance Corporation’s public relations, Mr. Farid Dehghani said, pointing out the fact that reviving and renovating small mines is one of the national plans of the resistive economy, “the insurance corporation has signed agreements with two big companies of iron and National Iranian Copper Co. to facilitate mining activities, and for covering the risks and receiving low benefit credits. If the small mines offer their products to the two big iron mining companies, they will provide them with financial credit sources with guarantee from the insurance corporations through banks, so the small mines could construct their processing units.”
The CEO of the Mining Investment Insurance Corporation pointed out the a similar process is going on in the copper section, “if the small mines offer their copper concentrate to the National Iranian Copper Industries Co. they can receive bank facilities through the company’s credit, with the insurance from the corporation.”
As Mr. Dehghani mentioned, renovating and reconstructing small mines is a national plan which goes along with the resistive economy. In this plan, the small mines, with mutual cooperation, can receive 18% credits through the corporation’s guarantees and the credit deposits of big companies.