Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and its subsidiaries have managed to indigenize the knowledge for the production of $838 million worth of mining equipment and machinery in the previous Iranian calendar year (ended on March 19).

Iranian Mines and Mining Industries Development and Renovation Organization has linked up with two German banks, three Italian banks and some other European banks, without being charged with extra fees, said the head of IMIDROs Department for Economy and Expansion of Investment. We have been trying to expand relations with foreign banks since three ...