The garnet mineral is one of the primary materials used in productive industries, including abrasives in steel industries and making turbine blades for ships and airplanes, glass engraving and sandblasting, and other industrial and general uses. After extracting this mineral and extracting raw garnet, Sirjan city has been able to establish a factory in order to move in the last links of the value chain and create higher added value by investing about 2720 billion Rials.
According to Dr. Hassan Yunsian, CEO of the Mining Activities Investment Insurance Fund, 600 billion Rials have been secured from the Mining Activities Investment Insurance Fund’s loan from this investment amount and have been used in the implementation of this project.
Yunsian stated: After obtaining 60 billion Tomans facilities, this complex has been able to help 336 of our compatriots in Kerman province.
It is worth mentioning that the production of garnet by Iranian Znober company, in addition to helping to avoid foreign exchange for the import of this product under sanctions, has also been considered as one of its export potentials to the world markets. In this way, Iran has joined the group of countries that export this product, such as America, Australia, China and India, and there is no need to import it.
This factory in Sirjan has been operating and producing garnet mineral since June 1403.
Investment insurance fund for mining activities in line with the macroeconomic goals of the country as well as strengthening and supporting private investors in the mining sector, was established in accordance with Article 31 of the Mining Law and in order to achieve sustainable development in the mining sector and to ensure investment security. It works in mining activities and guiding these investments.
