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Investment required $ 51 billion

Investment required $ 51 billion

Mohammad Reza Nemat Zadeh mentioned Assembly meeting attended by Minister of Industry Mine and Trade and members of its executive board and renovation of Mines and Mineral Industries Development Organization of Iran (IMIDRO) held And where the investment required for implementation of the Master Plan was estimated at $ 30 billion steel.

Vision 1404 is based on the country's crude steel production capacity of 55 million tons, up nearly 15 million tonnes of exports.

Based on the information presented in this General Assembly, the amount of investment required for the development of aluminum chain 11 billion, which is 21.5 percent of the total investment covers.

In addition, other projects for the development of the mining sector and mining industry needs to invest $ 10 billion.

One of the most important methods of providing needed capital, attract foreign participation to implement the projects.

Capacity and investment needed during the sixth five-year development plan (plan associated with IMIDRO chain) is characterized for steel ingot production capacity to 23 million tons last year, 40 million and 380 thousand tons in the year 1399 goals projected to invest $ 9 billion and 200 million chain is required.

As well as exploration and other mining IMIDRO organizations to invest one billion and 200 million dollars during the sixth program development needs.

IMIDRO organizations within the framework of the mentioned program also foresees infrastructural requirements under which, in part to 22 million cubic meters of gas daily needs.
Power requirements are projected figure of three thousand and 300 MW and 360 thousand cubic meters of water daily figure has been set.

In the first eight months of 2016 (Dey 12 94 Persian date Shahrivar 10 95) 11 million and 451 thousand tons of crude steel were produced in Iran, compared to the same period in 2015, an increase of 5.1 percent was recorded.

World Steel Association in its latest report that crude steel production for the 66 countries studied in this period, despite a 0.9 percent decline in world crude steel producing country in this sector to grow 5.1 percent.

The steelmaker countries in Europe and the Middle East with production of 107 million and 931 thousand tons and 18 million tons of crude steel in the first eight months of 2016, respectively 5.2 and 2.6 percent decline in production compared to the same period in 2015, respectively.




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