The CEO of the Fund for Insurance of Investments in the Mining Industry reported that 2815 mining machines have been included in the procurement and modernization plan.
Ali Khatibi, in an exclusive interview with IRNA, emphasized that most operating mines in the country belong to the private sector. Out of a total of 6451 active mines, 6005 are in private hands, and the fund has already supported 960 mines by issuing credit insurance policies.
He added that the goal of this support goes beyond simply providing financial resources; efforts are being made to reduce investment risks, which allows mines to be equipped, increase production capacity, and ensure continuous extraction.
The CEO of the Fund for Insurance of Investments in the Mining Industry defined exploration as one of the riskiest stages of mining activities. He noted that the fund has currently insured 1141 exploration zones, and in the Iranian year 1404 (which begins in March 2025), 33 investment policies for exploration were issued. As part of this work, about 65,000 hectares of insured territories entered the exploration phase.
Khatibi continued that reducing risks during exploration gives investors the opportunity to conduct operations such as drilling and trenching with greater confidence, increasing the probability of discovering and developing new reserves. The fund's agenda also includes supporting deep drilling, especially operations at depths exceeding 1000 meters.
Furthermore, he highlighted equipment modernization as another key aspect of the fund's support.
