The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), a state-owned entity responsible for developing and promoting the mining sector, has announced an ambitious target of $893.2 million in foreign currency savings through domestic production in the mining and mineral industries during the current Iranian year, which ends on March 20, 2026. This move is part of the government's efforts to reduce reliance on imports and boost self-sufficiency in strategic sectors. IMIDRO's managing director, Vajihollah Jafari, stated that the organization aims to achieve this goal by increasing the production of various minerals and metals, including iron ore, copper, aluminum, and gold. He emphasized the importance of leveraging Iran's rich mineral resources and developing domestic capabilities to meet the country's industrial needs. The mining and mineral industries play a crucial role in Iran's economy, contributing significantly to export earnings and employment. However, the sector has faced challenges due to international sanctions and a lack of investment in recent years. By promoting domestic production, IMIDRO aims to address these challenges and support the growth of related industries, such as steel, automotive, and construction. Jafari also highlighted the organization's efforts to attract foreign investment and technology transfer through joint ventures and partnerships with international companies. He expressed confidence that the target of $893.2 million in foreign currency savings is achievable, given the potential of Iran's mining sector and the government's support for domestic production initiatives.