Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has invested $30 million since mid-March 2015 in mine exploration activities across Iran, a senior official said in a report.

The reports on the exploration activities could be used as references for domestic and foreign investment, Ali Asgharzadeh, exploration director, IMIDRO, was quoted as saying in an Iran Daily report.

The organisation is currently in talks with foreign investors, said the official adding that the required information of the mines is ready for study.

He added that a sum of $400 million has been allocated for exploration activities for the coming five years, 50 per cent of which will be provided by IMIDRO.

He noted that the remaining $200 million of investment will be carried out by private sector.

Asgharzadeh said that exploration activates on copper, gold and platinum minerals will be started in the near future.