Anonymous ID: 04ab00 May 31, 2018, 8:35 p.m. No.1603716   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>3734 >>3786 >>3908

Iran mining bigger opportunity than oil

 

Frik Els | Nov. 30, 2015,

 

Copper, iron ore and heavy rare earth elements could be worth "much more" than Iran's crude oil revenues Mojtaba Khosrowtaj, deputy minister in Iran's Ministry of Industry, Mine and Trade tells Bloomberg.

 

Iran is opening $29 billion of mining projects to foreign investors once international sanctions are lifted, roughly equal the oil and gas investments up for grabs. Iran has more than 3,000 active mines, mostly privately owned, according to Khosrowtaj.

 

Mining contributes just 0.6 per cent to GDP and given the depressed state of commodity prices the country faces an uphill battle attracting investment to the sector. Iran is ranked among 15 major mineral-rich countries with potential reserves worth more than $700 billion. As of 2011, Iran had the worldโ€™s 9th largest reserves of copper at 32.5 million tonnes even though production is only expected to reach 425,000 tonnes by next year.

 

The discovery of two large coal and iron ore deposits in the Lut desert in central Iran was announced by the mines ministry earlier this year. The country is the number four supplier of iron ore to China, shipping some 15โ€“20 million tonnes annually although that would have fallen substantially given the slide in the price and the high cost of mining inside the country.

 

A main reason Iran is so uncompetitive despite very low labour costs is a crippling lack of equipment and machinery due the the sanctions regime. Mehdi Karbasian, managing director of a group pushing for mine development in the country said in September "old and second-hand machineries are being used in many of the mines some of which have been used in other countries for over 50 years."

 

http://www.mining.com/iran-mining-bigger-opportunity-than-oil/

Anonymous ID: 04ab00 May 31, 2018, 8:41 p.m. No.1603786   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

>>1603716

US$20 billion worth of investment opportunities in Iran's mining sector has piqued the interest of international mining companies.

 

Opportunities were presented by Iran's Minister of Industry and Mines at an investment conference in Vienna following the Iran nuclear deal reached in July 2015. In the weeks following the deal, high-level government and private delegations from Asia and Europe visited Iran to explore political and business opportunities.

 

What prompted this heightened interest? Iran is expecting relief from certain US, UN and EU sanctions which will open up its economy, including its mining industry. This relief has been agreed between Iran and the P5+1 (China, France, Germany, Russia, the UK and the US) in exchange for Iran curtailing its nuclear program.

 

https://www.whitecase.com/publications/article/mining-iran-post-deal-opportunities

Anonymous ID: 04ab00 May 31, 2018, 9:06 p.m. No.1604049   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>4117

>>1603656

>https://file.wikileaks.org/file/

 

CLICKED 2ND ON LIST

 

https://file.wikileaks.org/file/Charterhouse/

 

clicked 1ST ON LIST

 

COMES IN UPSIDE DOWN!!

 

dOWN IS UP

 

https://file.wikileaks.org/file/Charterhouse/Anon_report.pdf