Iran Eyes Mining Sector to Boost Economic Ties With Uzbekistan

TEHRAN (Iran News) The discussions, reported by IMIDRO, underscored Iran’s advancements in mining and mineral processing, positioning the country as a key player in the region. Aghajanlou emphasized Iran’s expertise in exporting technical and engineering services, as well as its robust production of steel, copper, gold, and other commodities. “These capabilities create a strong foundation for deepening cooperation with Uzbekistan,” he stated, noting Iran’s leadership as the Middle East’s largest steel producer and the world’s tenth-largest.

Aghajanlou showcased Iran’s technical prowess, particularly in producing direct reduced iron (DRI), a critical component in steelmaking, which Iran exports globally. He proposed that this expertise could form the basis for joint projects with Uzbek counterparts. Additionally, he highlighted the growth of Iranian companies in designing and executing mining and industrial projects, signaling readiness to undertake ventures in Uzbekistan under various contract models.

The meeting, attended by IMIDRO deputies and managers, also explored avenues for commercial growth. Aghajanlou suggested that initial steps could involve expanding trade and exporting Iranian products to Uzbekistan, paving the way for joint investments and knowledge transfer in the future. “Iran’s path to enhanced cooperation in minerals is clear, and we are prepared to take concrete steps,” he affirmed.

On the Uzbek side, Deputy Minister Gholamov echoed the enthusiasm, emphasizing the strategic importance of mining collaboration within the framework of the two nations’ economic cooperation commission. He outlined Uzbekistan’s ambition to partner with Iran across the mining value chain, from exploration to product manufacturing. Gholamov cited shared cultural ties as a facilitator for stronger relations and expressed interest in establishing joint companies to execute mining projects.

Beyond mining, Gholamov indicated Uzbekistan’s interest in broadening cooperation to include oil and gas, petrochemicals, and power generation. “Our goals extend beyond minerals to encompass a wide range of industrial sectors,” he noted, signaling a comprehensive approach to bilateral engagement.

The talks reflect a mutual commitment to leveraging Iran’s mining expertise and Uzbekistan’s strategic priorities to foster economic growth. As both nations explore joint ventures and trade opportunities, the mining sector could serve as a catalyst for a new chapter in Iran-Uzbekistan relations, with potential ripple effects across other industries.

This development comes as Iran continues to bolster its global standing in mineral production, seeking new markets and partnerships to enhance its economic resilience. For Uzbekistan, the partnership offers access to Iran’s advanced technologies and resources, promising mutual benefits in a rapidly evolving regional landscape.