INSUBCONTINENT EXCLUSIVE:
TEHRAN Irans Minister of Industry, Mining, and Trade has reported the reactivation of 381 idle mines and the return of 925 inactive
commercial systems to production, together with investment initiatives aimed at value-added industries and trade index
improvements.According to IRNA, Mohammad Atabak presented his report to the president on Sunday, March 16, 2025, highlighting structural
changes within the ministry to boost efficiency and remove redundancies
Management modifications in recent years had resulted in ineffectiveness in certain areas
Nevertheless, with the formation of the 14th government, the ministrys structure has actually been reformed based on tactical plans to
simplify operations and prevent overlapping duties, Atabak said.He pointed out the revival of the Steel Committee and enhanced oversight of
the mining sector as essential changes, emphasizing efforts to stabilize the steel supply chain to line up with production capabilities
We have actually likewise developed the Copper Committee to guarantee stability across the value chain, from concentrate to cathodes, he
added.Atabak revealed the delegation of some powers from the Supreme Council of Mines to provincial councils to accelerate the reduction of
inactive mining units.The minister expressed optimism for Irans copper and gold industries in the coming year, specifying that value chain
growth would yield favorable results.The minister described the advancement of an industrial roadmap and strategy, designed in collaboration
with the economic sector and the ministrys planning and clever governance department, as a significant achievement.However, he pointed to
funding problems as a major difficulty for the ministry
Despite the presidents support, funding remains slow, which has slowed industrial expansion and job execution, he noted.Atabak
acknowledged obstacles in gas and electrical energy supply however stressed that industrial development has actually continued without
disruption, thanks to the new roadmap and strategy
He revealed self-confidence that with the implementation of a support bundle, production would reach an acceptable pace.He repeated the
governments dedication to reviving dormant commercial units, mentioning that efforts to support non-active production facilities would
continue at an accelerated rate.Atabak highlighted pre-holiday market guidance, mentioning that nearly two million inspections had actually
been performed throughout retail and production sectors to make sure cost stability
He included that direct supply exhibits had actually also helped balance supply and need for necessary goods.During the presidents check out
to the ministry and involvement in the deputy ministers council, authorities provided specialized reports on the development of various
market, mining, and trade initiatives.EF/
