Mehdi Karbasian, the chairman of the Iran Mines and Mining Industries Development and Renovation Organisation (IMIDRO), has resigned.

Fars news agency reported that Kabasian resigned his post after new legislation on retired employees was ratified by the country. Ardeshir Sa'ad Mohammadi, deputy of IMIDRO, becomes the temporary new chairman of the organisation.

IMIDRO operates eight major companies and 55 subsidiaries with activities in cement, steel and minerals.