Volume. 12227

Iran implementing mining projects valued at €6b: official
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c_330_235_16777215_0___images_stories_edim_04_mg1(137).jpgTEHRAN – Forty-one mining projects, valued at €6 billion, are being implemented in Iran, the deputy director of the Iranian Mines and Mining Industries Development and Renovation Organization said on Monday.
Jamshid Mollarahman added that the administration has prioritized the expansion of mining and mineral exploration activities, the Mehr News Agency reported.
The projects will create about 25,000 direct jobs, he stated.
In March, IMIDRO Director Mehdi Karbasian said that the number of foreign companies which are ready to participate in Iran’s mining projects is on the rise.
One of the main policies of the administration is to encourage Iranian investors living overseas to participate in domestic development projects, Karbasian said.
About 5,000 mines are being exploited in the country, he stated.
Iran is also one of the top 15 countries in the world in regard to mineral reserves and exports its industrial and mineral products to 159 countries, including Iraq, China, the United Arab Emirates, India, and Afghanistan, he stated.
After an interim deal between Iran and six world powers on Iran’s nuclear activities last November, the Islamic Republic has been planning to reach for international investments in its energy, auto, and mining industries. The deal aims at limiting some of Iran’s nuclear activities in exchange for partial sanctions relief.

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